NIBE Industrier AB (publ) Stock Forecast
NIBE Industrier AB (publ) stock price ended at kr53.42 on Friday, after losing 1.44%.
(Updated on May 24, 2024)
The NIBE Industrier AB (publ) stock price fell by -1.44% on the last day (Friday, 24th May 2024) from kr54.20 to kr53.42. During the last trading day the stock fluctuated 2.20% from a day low at kr52.84 to a day high of kr54.00. The price has fallen in 5 of the last 10 days and is down by -6.61% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 4 million shares were bought and sold for approximately kr231.07 million.
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 -5.12% during the next 3 months and, with a 90% probability hold a price between kr43.85 and kr57.85 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.
NIBE-B.ST Signals & Forecast
The NIBE Industrier AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr55.49. On a fall, the stock will find some support from the long-term average at approximately kr52.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -12.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for NIBE Industrier AB (publ) stock
NIBE Industrier AB (publ) finds support from accumulated volume at kr51.70 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 kr1.16 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: kr50.26 (-5.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (NIBE-B.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect NIBE Industrier AB (publ) to open at kr53.42, and during the day (based on 14 day Average True Range), to move between kr50.96 and kr55.88, which gives a possible trading interval of +/-kr2.46 (+/-4.61%) up or down from last closing price. If NIBE Industrier AB (publ) takes out the full calculated possible swing range there will be an estimated 9.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr53.96 (1.01%) than the support at kr51.70 (3.22%), 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 NIBE Industrier AB (publ) stock A Buy?
NIBE Industrier 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.
Current score: -0.389 Hold/Accumulate Unchanged
Predicted Opening Price for NIBE Industrier AB (publ) of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| kr53.42 ( 0.00000000%) | kr53.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NIBE-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.58 | 2.17 % | |
| R2 | 54.14 | 1.34 % | ||
| R1 | 53.86 | 0.83 % | ||
| Current price: | 53.42 | |||
| Support | S1 | 52.98 | -0.83 % | |
| S2 | 52.70 | -1.34 % | ||
| S3 | 52.26 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.30 | 14.75 % | |
| R2 | 55.70 | 4.27 % | ||
| R1 | 53.96 | 1.01 % | ||
| Current price | 53.42 | |||
| Support | S1 | 51.70 | -3.22% | |
| S2 | 50.50 | -5.47% | ||
| S3 | 49.95 | -6.50% |
NIBE-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 23, 2024 | kr0.650 | 1.20% |
| 2 | May 17, 2023 | May 17, 2023 | May 17, 2023 | kr0.650 | 0.575% |
| 3 | May 18, 2022 | May 18, 2022 | May 18, 2022 | kr0.500 | 0.576% |
| 4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | kr0.388 | 0.476% |
| 5 | Dec 17, 2020 | Dec 17, 2020 | Dec 17, 2020 | kr0.350 | 0.537% |
FAQ
Click here for our free guide on how to buy NIBE Industrier AB (publ) Stock.
