Nestlé S.A. 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
Nestlé S.A. stock price ended at 91.82 Fr on Thursday, after losing 0.412%.
(Updated on May 02, 2024)
The Nestlé S.A. stock price fell by -0.412% on the last day (Thursday, 2nd May 2024) from 92.20 Fr to 91.82 Fr. During the last trading day the stock fluctuated 1.14% from a day low at 91.28 Fr to a day high of 92.32 Fr. The price has fallen in 6 of the last 10 days and is down by -1.65% for this period. Volume has increased on the last day by 270 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately 468.58 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 -4.78% during the next 3 months and, with a 90% probability hold a price between 84.23 Fr and 89.69 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 92.73 Fr and 93.93 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 -4.35%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Nestlé S.A. stock
Nestlé S.A. finds support from accumulated volume at 91.76 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 1.04 Fr between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.50%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Nestlé S.A. to open at 91.81 Fr, and during the day (based on 14 day Average True Range), to move between 90.38 Fr and 93.26 Fr, which gives a possible trading interval of +/-1.44 Fr (+/-1.57%) up or down from last closing price. If Nestlé S.A. takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 91.76 Fr (0.07%) than the resistance at 92.08 Fr (0.28%), 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: -4.585 Sell Candidate Unchanged
Predicted Opening Price for Nestlé S.A. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 91.81 Fr ( 0.0145%) | 91.82 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 | 92.85 | 1.12 % | |
| R2 | 92.45 | 0.685 % | ||
| R1 | 92.20 | 0.418 % | ||
| Current price: | 91.82 | |||
| Support | S1 | 91.41 | -0.447 % | |
| S2 | 91.16 | -0.714 % | ||
| S3 | 90.77 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.23 | 3.71 % | |
| R2 | 94.24 | 2.64 % | ||
| R1 | 92.08 | 0.283 % | ||
| Current price | 91.82 | |||
| Support | S1 | 91.76 | -0.0653% | |
| 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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