NGS Group AB (publ) Stock Forecast
Weaker technical forecast for NGS Group AB (publ) as stock downgraded to Hold/Accumulate.
(Updated on May 24, 2024)
No changes to the price of NGS Group AB (publ) stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 5.49% from a day low at kr3.28 to a day high of kr3.46. The price has fallen in 5 of the last 10 days and is down by -0.86% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.82% during the next 3 months and, with a 90% probability hold a price between kr1.94 and kr3.54 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NGS.ST Signals & Forecast
The NGS Group AB (publ) 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 kr3.42 and kr3.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 9.87%. 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 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.180 between high and low, or 5.49%. For the last week the stock has had daily average volatility of 4.64%.
Our recommended stop-loss: kr3.31 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (NGS.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect NGS Group AB (publ) to open at kr3.40, and during the day (based on 14 day Average True Range), to move between kr3.26 and kr3.64, which gives a possible trading interval of +/-kr0.190 (+/-5.52%) 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 11.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr3.46 (0.29%) than the support at kr3.44 (0.29%), 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
NGS Group AB (publ) will release earnings BMO on Friday, May 31, 2024. We will update the financials statements for NGS Group AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.27% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.723 Hold/Accumulate Downgraded
Predicted Opening Price for NGS Group AB (publ) of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| kr3.40 ( 1.55%) | kr3.45 |
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 | 3.58 | 3.67 % | |
| R2 | 3.51 | 1.68 % | ||
| R1 | 3.47 | 0.447 % | ||
| Current price: | 3.45 | |||
| Support | S1 | 3.33 | -3.54 % | |
| S2 | 3.29 | -4.77 % | ||
| S3 | 3.22 | -6.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.95 | 14.49 % | |
| R2 | 3.48 | 0.87 % | ||
| R1 | 3.46 | 0.290 % | ||
| Current price | 3.45 | |||
| Support | S1 | 3.44 | -0.290% | |
| S2 | 3.40 | -1.45% | ||
| S3 | 3.35 | -2.90% |
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
Click here for our free guide on how to buy NGS Group AB (publ) Stock.
