Nordea Bank Abp Stock Forecast
Nordea Bank Abp stock price down 0.545% on Thursday
(Updated on May 02, 2024)
The Nordea Bank Abp stock price fell by -0.545% on the last day (Thursday, 2nd May 2024) from 11.01€ to 10.95€. During the last trading day the stock fluctuated 1.05% from a day low at 10.95€ to a day high of 11.06€. The price has risen in 7 of the last 10 days and is up by 3.21% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -603 thousand shares and in total, 6 million shares were bought and sold for approximately 62.10€ million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nordea Bank Abp stock with a 90% probability to be traded between 10.12€ and 11.19€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NDA-FI.HE Signals & Forecast
The Nordea Bank Abp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 10.99€. On a fall, the stock will find some support from the long-term average at approximately 10.86€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -2.80%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Nordea Bank Abp stock
Nordea Bank Abp finds support from accumulated volume at 10.89€ 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 0.115€ between high and low, or 1.05%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: 10.44€ (-4.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (NDA-FI.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Nordea Bank Abp to open at 10.98€, and during the day (based on 14 day Average True Range), to move between 10.74€ and 11.15€, which gives a possible trading interval of +/-0.204€ (+/-1.86%) up or down from last closing price. If Nordea Bank Abp takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 10.89€ (0.50%) than the resistance at 11.08€ (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nordea Bank Abp stock A Buy?
Nordea Bank Abp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.693 Hold/Accumulate Unchanged
Predicted Opening Price for Nordea Bank Abp of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
10.98€ ( 0.350%) | 10.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NDA-FI.HE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.10 | 1.40 % | |
R2 | 11.05 | 1.00 % | ||
R1 | 11.03 | 0.752 % | ||
Current price: | 10.95 | |||
Support | S1 | 10.94 | -0.0511 % | |
S2 | 10.91 | -0.299 % | ||
S3 | 10.87 | -0.700 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.27 | 2.99 % | |
R2 | 11.24 | 2.70 % | ||
R1 | 11.08 | 1.23 % | ||
Current price | 10.95 | |||
Support | S1 | 10.89 | -0.503% | |
S2 | 10.77 | -1.60% | ||
S3 | 10.74 | -1.92% |
NDA-FI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Mar 22, 2024 | 0€ | 0% |
2 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | 0.80€ | 8.56% |
3 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | 0.690€ | 7.31% |
4 | Oct 04, 2021 | Oct 04, 2021 | Oct 04, 2021 | 0.720€ | 6.92% |
5 | Feb 19, 2021 | Feb 19, 2021 | Feb 19, 2021 | 0.0700€ | 0.93% |
FAQ
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