Nordea Bank Abp Stock Forecast
Red day on Friday for Nordea Bank Abp stock after losing 0.0783%
(Updated on May 03, 2024)
The Nordea Bank Abp stock price fell by -0.0783% on the last day (Friday, 3rd May 2024) from kr127.65 to kr127.55. During the last trading day the stock fluctuated 1.58% from a day low at kr126.90 to a day high of kr128.90. The price has risen in 6 of the last 10 days and is up by 2.08% 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 -2 million shares and in total, 2 million shares were bought and sold for approximately kr236.03 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.96% during the next 3 months and, with a 90% probability hold a price between kr123.66 and kr134.60 at the end of this 3-month period.
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NDA-SE.ST 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 kr127.84. On a fall, the stock will find some support from the long-term average at approximately kr124.87. 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 -2.11%. 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 kr124.95 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 kr2.00 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: kr121.95 (-4.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (NDA-SE.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nordea Bank Abp to open at kr127.78, and during the day (based on 14 day Average True Range), to move between kr125.41 and kr129.69, which gives a possible trading interval of +/-kr2.14 (+/-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 kr127.65 (0.08%) than the support at kr124.95 (2.04%), 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?
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: 0.140 Hold/Accumulate Unchanged
Predicted Opening Price for Nordea Bank Abp of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
kr127.78 ( 0.183%) | kr127.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NDA-SE.ST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 129.78 | 1.75 % | |
R2 | 129.02 | 1.15 % | ||
R1 | 128.55 | 0.782 % | ||
Current price: | 127.55 | |||
Support | S1 | 127.02 | -0.416 % | |
S2 | 126.55 | -0.786 % | ||
S3 | 125.78 | -1.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 128.60 | 0.82 % | |
R2 | 127.90 | 0.274 % | ||
R1 | 127.65 | 0.0784 % | ||
Current price | 127.55 | |||
Support | S1 | 124.95 | -2.04% | |
S2 | 123.50 | -3.18% | ||
S3 | 122.68 | -3.82% |
NDA-SE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Mar 22, 2024 | kr0 | 0% |
2 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | kr0.80 | 0.763% |
3 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | kr0.690 | 0.707% |
4 | Oct 04, 2021 | Oct 04, 2021 | Oct 04, 2021 | kr0.720 | 0.683% |
5 | Feb 19, 2021 | Feb 19, 2021 | Feb 19, 2021 | kr0.0700 | 0.0933% |
FAQ
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