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New Frontier Health Corp. Stock Forecast NYSE:NFH

$11.45 (0.53%)

Volume: 277k

Closed: Dec 07, 2021

Hollow Logo Score: 2.630

New Frontier Health Corp. Stock Forecast

$11.45 (0.53%)

Volume: 277k

Closed: Dec 07, 2021

Score Hollow Logo 2.630
Which way will NFH go? Request
Tue, Dec 07, 2021 Buy Candidate Upgraded

NFH Stock Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.16 (1.41%) between high and low. For the last week, the stock has had a daily average volatility of 1.76%.

Our recommended stop-loss: $11.06 (-3.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 56 and the stock is currently not being overbought or oversold

New Frontier Health Corp. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Dec 07, 2021)


Buy or Hold candidate since 2021-12-03 Gain 0.44%

The New Frontier Health Corp. stock price gained 0.53% on the last trading day (Tuesday, 7th Dec 2021), rising from $11.39 to $11.45. During the day the stock fluctuated 1.41% from a day low at $11.38 to a day high of $11.54. The price has risen in 6 of the last 10 days and is up by 3.9% over the past 2 weeks. Volume fell on the last day by -647 thousand shares and in total, 277 thousand shares were bought and sold for approximately $3.17 million. 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.

Given the current short-term trend, the stock is expected to fall -2.72% during the next 3 months and, with a 90% probability hold a price between $9.95 and $11.14 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.

Signals & Forecast

Mostly positive signals in the chart today. The New Frontier Health Corp. 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 $11.15 and $11.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 11.49%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

New Frontier Health Corp. finds support from accumulated volume at $11.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.16 (1.41%) between high and low. For the last week, the stock has had a daily average volatility of 1.76%.

Our recommended stop-loss: $11.06 (-3.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Is New Frontier Health Corp. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.630

Predicted Opening Price for New Frontier Health Corp. of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$11.46 $11.45 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

Credit Suisse Group does not see either upside or downside right now giving NFH "Outperform - Neutral" on their last update on Apr 15, 2021. The price target was set to $12.00.

Volatility and Risk
Daily Average Volatility: 1.76 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.76 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $11.47
Price: $11.45
Support: $11.40

NFH Insider Trading Show all Trades

INSIDER POWER

131.750

Last 7 transactions
Buy: 2 635 000 | Sell: 20 000 (Shares)
Date Action Amount Person Type
Mar 28, 2019 Buy 10 000 Che-hung Edward Leong Class B Ordinary Shares
Mar 28, 2019 Sell 20 000 New Frontier Public Holding Ltd. Class B Ordinary Shares
Jun 27, 2018 Buy 575 000 New Frontier Public Holding Ltd. Class B Ordinary Shares
Jun 27, 2018 Buy 575 000 Leung Kam Chung Class B Ordinary Shares
Jun 27, 2018 Buy 600 000 Leung Kam Chung Class A Ordinary Shares
Show all Insider Trades
INSIDER POWER

131.750

Last 7 transactions
Buy: 2 635 000 | Sell: 20 000 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 11.62 1.46 %
11.56 0.92 %
11.52 0.59 %
Current price: 11.45
Support 11.40 -0.48 %
11.36 -0.81 %
11.30 -1.34 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
11.50 0.44 %
11.47 0.17 %
Current price 11.45
Support 11.40 -0.44%
11.39 -0.52%
11.23 -1.92%

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