Net Insight AB (publ) Stock Forecast
Net Insight AB (publ) stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Net Insight AB (publ) stock price fell by -1.90% on the last day (Thursday, 2nd May 2024) from kr5.25 to kr5.15. During the last trading day the stock fluctuated 1.95% from a day low at kr5.13 to a day high of kr5.23. The price has been going up and down for this period, and there has been a -11.82% loss for the last 2 weeks. Volume has increased on the last day by 142 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, 366 thousand shares were bought and sold for approximately kr1.89 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at kr4.87 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Net Insight AB (publ) stock with a 90% probability to be traded between kr4.78 and kr6.26 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NETI-B.ST Signals & Forecast
There are mixed signals in the stock today. The Net Insight AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr5.82. On a fall, the stock will find some support from the short-term average at kr5.10. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 5.64%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Net Insight AB (publ) stock
Net Insight AB (publ) finds support from accumulated volume at kr5.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr0.100 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NETI-B.ST) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Net Insight AB (publ) to open at kr5.17, and during the day (based on 14 day Average True Range), to move between kr4.94 and kr5.36, which gives a possible trading interval of +/-kr0.209 (+/-4.05%) up or down from last closing price. If Net Insight AB (publ) takes out the full calculated possible swing range there will be an estimated 8.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr5.14 (0.19%) than the resistance at kr5.93 (15.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Net Insight AB (publ) stock A Buy?
Net Insight AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.925 Sell Candidate Downgraded
Predicted Opening Price for Net Insight AB (publ) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr5.17 ( 0.388%) | kr5.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NETI-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.27 | 2.33 % | |
| R2 | 5.23 | 1.59 % | ||
| R1 | 5.21 | 1.13 % | ||
| Current price: | 5.15 | |||
| Support | S1 | 5.13 | -0.353 % | |
| S2 | 5.11 | -0.81 % | ||
| S3 | 5.07 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.40 | 24.17 % | |
| R2 | 6.18 | 19.90 % | ||
| R1 | 5.93 | 15.15 % | ||
| Current price | 5.15 | |||
| Support | S1 | 5.14 | -0.194% | |
| S2 | 5.00 | -2.91% | ||
| S3 | 4.88 | -5.34% |
FAQ
Click here for our free guide on how to buy Net Insight AB (publ) Stock.
