Nexans 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
Nexans S.A. stock upgraded to Strong Buy Candidate.
(Updated on May 06, 2024)
No changes to the price of Nexans S.A. stock on the last trading day (Monday, 6th May 2024). During the last trading day the stock fluctuated 0% from a day low at 99.90€ to a day high of 99.90€. The price has fallen in 5 of the last 10 days but is still up by 2.72% over the past 2 weeks.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.34% during the next 3 months and, with a 90% probability hold a price between 107.48€ and 116.58€ at the end of this 3-month period.
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NEX.PA Signals & Forecast
The Nexans S.A. 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 99.76€ and 97.53€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nexans S.A. stock
Nexans S.A. finds support from accumulated volume at 95.00€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 2.00%
Our recommended stop-loss: 93.95€ (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (NEX.PA) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Nexans S.A. to open at 99.90€, and during the day (based on 14 day Average True Range), to move between 97.55€ and 102.25€, which gives a possible trading interval of +/-2.35€ (+/-2.35%) up or down from last closing price. If Nexans S.A. takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 100.40€ (0.50%) than the support at 95.00€ (4.90%), 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 Nexans S.A. stock A Buy?
Nexans S.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.075 Strong Buy Candidate Upgraded
Predicted Opening Price for Nexans S.A. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| 99.90€ ( 0.00000000%) | 99.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEX.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.90 | 0.00000000 % | |
| R2 | 99.90 | 0.00000000 % | ||
| R1 | 99.90 | 0.00000000 % | ||
| Current price: | 99.90 | |||
| Support | S1 | 99.90 | 0.00000000 % | |
| S2 | 99.90 | 0.00000000 % | ||
| S3 | 99.90 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.60 | 1.70 % | |
| R2 | 100.90 | 1.00 % | ||
| R1 | 100.40 | 0.501 % | ||
| Current price | 99.90 | |||
| Support | S1 | 95.00 | -4.90% | |
| S2 | 94.35 | -5.56% | ||
| S3 | 90.25 | -9.66% |
NEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 23, 2024 | 2.30€ | 2.22% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | 2.10€ | 2.71% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 1.20€ | 1.54% |
| 4 | May 19, 2021 | May 19, 2021 | May 19, 2021 | 0.700€ | 0.99% |
| 5 | May 18, 2020 | May 18, 2020 | May 18, 2020 | 0.400€ | 1.03% |
FAQ
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