NGS Group AB (publ) Stock Forecast
Stronger technical forecast for NGS Group AB (publ) stock price after Friday trading.
(Updated on May 03, 2024)
The NGS Group AB (publ) stock price gained 4.22% on the last trading day (Friday, 3rd May 2024), rising from kr3.32 to kr3.46. During the last trading day the stock fluctuated 7.83% from a day low at kr3.32 to a day high of kr3.58. The price has fallen in 5 of the last 10 days but is still up by 1.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 89 thousand more shares were traded than the day before. In total, 89 thousand shares were bought and sold for approximately kr309.46 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr3.50 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -54.57% during the next 3 months and, with a 90% probability hold a price between kr0.99 and kr1.59 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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NGS.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.19%. 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). NGS Group AB (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NGS Group 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 kr3.63. On a fall, the stock will find some support from the short-term average at kr3.30. 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.
Support, Risk & Stop-loss for NGS Group AB (publ) stock
NGS Group AB (publ) finds support from accumulated volume at kr3.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.260 between high and low, or 7.83%. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: kr3.32 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (NGS.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect NGS Group AB (publ) to open at kr3.45, and during the day (based on 14 day Average True Range), to move between kr3.18 and kr3.74, which gives a possible trading interval of +/-kr0.282 (+/-8.14%) up or down from last closing price. If NGS Group AB (publ) takes out the full calculated possible swing range there will be an estimated 16.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr3.48 (0.58%) than the support at kr3.44 (0.58%), 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 NGS Group AB (publ) stock A Buy?
NGS Group AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.004 Hold/Accumulate Upgraded
Predicted Opening Price for NGS Group AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr3.45 ( 0.193%) | kr3.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NGS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.71 | 7.32 % | |
| R2 | 3.61 | 4.45 % | ||
| R1 | 3.55 | 2.68 % | ||
| Current price: | 3.46 | |||
| Support | S1 | 3.35 | -3.06 % | |
| S2 | 3.29 | -4.84 % | ||
| S3 | 3.19 | -7.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.09 | 18.21 % | |
| R2 | 3.95 | 14.16 % | ||
| R1 | 3.48 | 0.578 % | ||
| Current price | 3.46 | |||
| Support | S1 | 3.44 | -0.578% | |
| S2 | 3.40 | -1.73% | ||
| S3 | 3.14 | -9.25% |
NGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr0.500 | 2.63% |
| 2 | May 07, 2019 | May 07, 2019 | May 07, 2019 | kr1.00 | 5.21% |
| 3 | May 04, 2018 | May 04, 2018 | May 04, 2018 | kr2.00 | 6.06% |
| 4 | May 05, 2017 | May 05, 2017 | May 05, 2017 | kr1.75 | 15.88% |
| 5 | Apr 28, 2016 | Apr 28, 2016 | Apr 28, 2016 | kr1.56 | 3.69% |
FAQ
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