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
Green day on Friday for Nordea Bank Abp
(Updated on May 17, 2024)
The Nordea Bank Abp stock price gained 1.37% on the last trading day (Friday, 17th May 2024), rising from kr131.50 to kr133.30. During the last trading day the stock fluctuated 1.33% from a day low at kr131.55 to a day high of kr133.30. The price has risen in 6 of the last 10 days and is up by 4.43% over the past 2 weeks. Volume fell on the last day by -214 thousand shares and in total, 2 million shares were bought and sold for approximately kr317.31 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr134.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.26% during the next 3 months and, with a 90% probability hold a price between kr126.88 and kr139.88 at the end of this 3-month period.
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NDA-SE.ST Signals & Forecast
The Nordea Bank Abp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr132.11 and kr126.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -0.374%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Nordea Bank Abp stock
Nordea Bank Abp finds support from accumulated volume at kr126.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr1.75 (1.33%) between high and low. For the last week, the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: kr128.98 (-3.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (NDA-SE.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nordea Bank Abp to open at kr132.72, and during the day (based on 14 day Average True Range), to move between kr131.22 and kr135.38, which gives a possible trading interval of +/-kr2.08 (+/-1.56%) up or down from last closing price. If Nordea Bank Abp takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr133.80 (0.38%) than the support at kr126.86 (4.83%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nordea Bank Abp stock to perform well in the short-term.
Current score: 2.058 Buy Candidate Unchanged
Predicted Opening Price for Nordea Bank Abp of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr132.72 ( 0.438%) | kr133.30 |
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 | 134.47 | 0.88 % | |
| R2 | 133.80 | 0.374 % | ||
| R1 | 133.39 | 0.0639 % | ||
| Current price: | 133.30 | |||
| Support | S1 | 132.05 | -0.94 % | |
| S2 | 131.64 | -1.25 % | ||
| S3 | 130.97 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 133.80 | 0.375 % | ||
| Current price | 133.30 | |||
| Support | S1 | 126.86 | -4.83% | |
| S2 | 125.08 | -6.17% | ||
| S3 | 124.95 | -6.26% |
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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