Nestlé S.A. Stock Forecast
Nestlé S.A. stock price down 0.109% on Friday
(Updated on May 03, 2024)
The Nestlé S.A. stock price fell by -0.109% on the last day (Friday, 3rd May 2024) from 91.82 Fr to 91.72 Fr. During the last trading day the stock fluctuated 0.94% from a day low at 91.62 Fr to a day high of 92.48 Fr. The price has fallen in 6 of the last 10 days and is down by -1.63% for this period. 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, 3 million shares were bought and sold for approximately 248.11 Fr million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.90% during the next 3 months and, with a 90% probability hold a price between 84.01 Fr and 89.48 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
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. The Nestlé S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 92.37 Fr and 93.85 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -4.46%. 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 Nestlé S.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.86 Fr between high and low, or 0.94%. For the last week the stock has had daily average volatility of 1.12%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Nestlé S.A. to open at 91.94 Fr, and during the day (based on 14 day Average True Range), to move between 90.32 Fr and 93.12 Fr, which gives a possible trading interval of +/-1.40 Fr (+/-1.53%) up or down from last closing price. If Nestlé S.A. takes out the full calculated possible swing range there will be an estimated 3.05% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 92.08 Fr, some 0.360 Fr (0.39%) from the current price of 91.72 Fr, our system finds the risk reward not very attractive.
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: -2.584 Sell Candidate Unchanged
Predicted Opening Price for Nestlé S.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 91.94 Fr ( 0.240%) | 91.72 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 | 92.80 | 1.18 % | |
| R2 | 92.47 | 0.82 % | ||
| R1 | 92.27 | 0.598 % | ||
| Current price: | 91.72 | |||
| Support | S1 | 91.61 | -0.118 % | |
| S2 | 91.41 | -0.340 % | ||
| S3 | 91.08 | -0.698 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.23 | 3.83 % | |
| R2 | 94.24 | 2.75 % | ||
| R1 | 92.08 | 0.392 % | ||
| Current price | 91.72 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NESN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 24, 2024 | 3.00 Fr | 3.19% |
| 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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