Nestlé S.A. Stock Forecast
Green day on Tuesday for Nestlé S.A. stock after gaining 0.448%
(Updated on Apr 23, 2024)
The Nestlé S.A. stock price gained 0.448% on the last trading day (Tuesday, 23rd Apr 2024), rising from 93.84 Fr to 94.26 Fr. During the last trading day the stock fluctuated 0.87% from a day low at 93.80 Fr to a day high of 94.62 Fr. The price has fallen in 6 of the last 10 days but is still up by 0.81% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately 361.63 Fr 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 the upper part of a falling 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 95.52 Fr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.17% during the next 3 months and, with a 90% probability hold a price between 84.14 Fr and 90.58 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NESN.SW Signals & Forecast
The Nestlé S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 93.48 Fr and 94.01 Fr. A breakdown below any of these levels will issue sell signals. 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 Wednesday, March 27, 2024, and so far it has fallen -1.81%. 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 Nestlé S.A. stock
Nestlé S.A. finds support from accumulated volume at 94.24 Fr 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 0.82 Fr between high and low, or 0.87%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NESN.SW) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Nestlé S.A. to open at 94.23 Fr, and during the day (based on 14 day Average True Range), to move between 92.91 Fr and 95.61 Fr, which gives a possible trading interval of +/-1.35 Fr (+/-1.43%) up or down from last closing price. If Nestlé S.A. takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 94.24 Fr (0.02%) than the resistance at 95.23 Fr (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nestlé S.A. stock A Buy?
Nestlé S.A. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.202 Sell Candidate Unchanged
Predicted Opening Price for Nestlé S.A. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 94.23 Fr ( 0.0354%) | 94.26 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NESN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.05 | 0.83 % | |
| R2 | 94.73 | 0.502 % | ||
| R1 | 94.54 | 0.297 % | ||
| Current price: | 94.26 | |||
| Support | S1 | 93.91 | -0.368 % | |
| S2 | 93.72 | -0.573 % | ||
| S3 | 93.41 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.39 | 5.44 % | |
| R2 | 95.48 | 1.29 % | ||
| R1 | 95.23 | 1.03 % | ||
| Current price | 94.26 | |||
| Support | S1 | 94.24 | -0.0212% | |
| S2 | 93.81 | -0.477% | ||
| S3 | 91.76 | -2.65% |
NESN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 24, 2024 | 3.00 Fr | 3.18% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 2.95 Fr | 2.57% |
| 3 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | 2.80 Fr | 2.26% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 2.75 Fr | 2.58% |
| 5 | Feb 13, 2020 | Apr 27, 2020 | Apr 29, 2020 | 2.70 Fr | 2.62% |
FAQ
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