Nordex SE Stock Forecast

Red day on Thursday for Nordex SE stock after losing 2.80%
(Updated on May 16, 2024)

NDX1.F Signals & Forecast

The Nordex SE 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 14.54€ and 13.03€. 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). 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, May 14, 2024, and so far it has fallen -3.70%. 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 Nordex SE stock

On the downside, the stock finds support just below today's level from accumulated volume at 12.28€ and 12.23€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nordex SE finds support just below today's level at 12.28€. If this is broken, then the next support from accumulated volume will be at 12.23€ and 11.36€.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.84€ between high and low, or 5.77%. For the last week, the stock has had daily average volatility of 4.28%.

Our recommended stop-loss: 13.87€ (-4.75%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (NDX1.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Nordex SE to open at 14.84€, and during the day (based on 14 day Average True Range), to move between 14.05€ and 15.07€, which gives a possible trading interval of +/-0.512€ (+/-3.52%) up or down from last closing price. If Nordex SE takes out the full calculated possible swing range there will be an estimated 7.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 14.98€ (2.88%) than the support at 12.28€ (15.69%), 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 Nordex SE 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 Nordex SE stock to perform well in the short-term.

Current score: 2.489 Buy Candidate Unchanged

Predicted Opening Price for Nordex SE of Friday, May 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.