Nordea Bank Abp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Nordea Bank Abp stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Nordea Bank Abp stock price gained 0.654% on the last trading day (Friday, 28th Jun 2024), rising from kr82.52 to kr83.06. During the last trading day the stock fluctuated 0.97% from a day low at kr82.78 to a day high of kr83.58. The price has been going up and down for this period, and there has been a -1.26% loss for the last 2 weeks. Volume fell on the last day by -100 thousand shares and in total, 301 thousand shares were bought and sold for approximately kr25.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr82.34 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.27% during the next 3 months and, with a 90% probability hold a price between kr87.50 and kr94.44 at the end of this 3-month period.
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NDA-DK.CO Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nordea Bank Abp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr83.65 and kr84.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -5.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nordea Bank Abp stock
Nordea Bank Abp finds support from accumulated volume at kr81.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr0.800 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NDA-DK.CO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nordea Bank Abp to open at kr83.14, and during the day (based on 14 day Average True Range), to move between kr81.67 and kr84.45, which gives a possible trading interval of +/-kr1.39 (+/-1.67%) up or down from last closing price. If Nordea Bank Abp takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr84.12 (1.28%) than the support at kr81.66 (1.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Nordea Bank Abp stock A Buy?
The Nordea Bank Abp stock holds several negative signals and despite the positive trend, we believe Nordea Bank Abp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.558 Sell Candidate Downgraded
Predicted Opening Price for Nordea Bank Abp of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr83.14 ( 0.0963%) | kr83.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NDA-DK.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 83.94 | 1.06% |
| R2 | 83.63 | 0.692% |
| R1 | 83.45 | 0.464% |
| Price | 83.06 | |
| S1 | 82.83 | -0.272% |
| S2 | 82.65 | -0.499% |
| S3 | 82.34 | -0.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 87.80 | 5.71% |
| R2 | 85.08 | 2.43% |
| R1 | 84.12 | 1.28% |
| Price | 83.06 | |
| S1 | 81.66 | -1.69% |
| S2 | 79.90 | -3.80% |
| S3 | 77.98 | -6.12% |
NDA-DK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 03, 2024 | kr6.86 | 8.55% |
| 2 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | kr0.80 | 1.14% |
| 3 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | kr0.690 | 0.98% |
| 4 | Oct 04, 2021 | Oct 04, 2021 | Oct 04, 2021 | kr0.720 | 0.93% |
| 5 | Feb 19, 2021 | Feb 19, 2021 | Feb 19, 2021 | kr0.0700 | 0.126% |
FAQ
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