Next Biometrics Group AS Stock Forecast
Next Biometrics Group AS stock price up 0.460% on Tuesday
(Updated on Apr 30, 2024)
The Next Biometrics Group AS stock price gained 0.460% on the last trading day (Tuesday, 30th Apr 2024), rising from kr8.70 to kr8.74. During the last trading day the stock fluctuated 2.33% from a day low at kr8.58 to a day high of kr8.78. The price has fallen in 5 of the last 10 days. Volume fell on the last day by -81 thousand shares and in total, 18 thousand shares were bought and sold for approximately kr155.81 thousand. 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 in the middle of a wide and weak 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 9.02% during the next 3 months and, with a 90% probability hold a price between kr9.15 and kr10.10 at the end of this 3-month period.
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NEXT.OL Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -2.89%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Next Biometrics Group AS 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 kr8.61 and kr8.58. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Next Biometrics Group AS stock
Next Biometrics Group AS finds support from accumulated volume at kr8.40 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 kr0.200 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 1.84%
Our recommended stop-loss: kr8.42 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (NEXT.OL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Next Biometrics Group AS to open at kr8.70, and during the day (based on 14 day Average True Range), to move between kr8.52 and kr8.96, which gives a possible trading interval of +/-kr0.216 (+/-2.47%) up or down from last closing price. If Next Biometrics Group AS takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr8.78 (0.46%) than the support at kr8.40 (3.89%), 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.
Earnings coming up
Next Biometrics Group AS will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Next Biometrics Group AS, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.94% in the first trading day after earnings release.
Is Next Biometrics Group AS stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Next Biometrics Group AS stock to perform well in the short-term.
Current score: 3.263 Buy Candidate Unchanged
Predicted Opening Price for Next Biometrics Group AS of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr8.70 ( 0.458%) | kr8.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEXT.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.90 | 1.83 % | |
| R2 | 8.82 | 0.96 % | ||
| R1 | 8.78 | 0.416 % | ||
| Current price: | 8.74 | |||
| Support | S1 | 8.62 | -1.33 % | |
| S2 | 8.58 | -1.87 % | ||
| S3 | 8.50 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.00 | 2.97 % | |
| R2 | 8.80 | 0.686 % | ||
| R1 | 8.78 | 0.458 % | ||
| Current price | 8.74 | |||
| Support | S1 | 8.40 | -3.89% | |
| S2 | 8.26 | -5.49% | ||
| S3 | 8.20 | -6.18% |
FAQ
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