NKT A/S Stock Forecast
NKT A/S stock price ended at kr566.00 on Tuesday, after losing 0.702%.
(Updated on Apr 23, 2024)
The NKT A/S stock price fell by -0.702% on the last day (Tuesday, 23rd Apr 2024) from kr570.00 to kr566.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.42% from a day low at kr565.00 to a day high of kr573.00. The price has fallen in 6 of the last 10 days and is down by -3.41% 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 -118 thousand shares and in total, 126 thousand shares were bought and sold for approximately kr71.20 million.
Given the current short-term trend, the stock is expected to rise 28.87% during the next 3 months and, with a 90% probability hold a price between kr729.39 and kr814.48 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.
NKT.CO Signals & Forecast
There are few to no technical positive signals at the moment. The NKT A/S stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr587.43 and kr574.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.68%. 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 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 NKT A/S stock
NKT A/S finds support from accumulated volume at kr541.00 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 kr8.00 (1.42%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NKT.CO) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect NKT A/S to open at kr568.00, and during the day (based on 14 day Average True Range), to move between kr550.56 and kr581.44, which gives a possible trading interval of +/-kr15.44 (+/-2.73%) up or down from last closing price. If NKT A/S takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr570.00 (0.71%) than the support at kr541.00 (4.42%), 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 NKT A/S stock A Buy?
The NKT A/S stock holds several negative signals and despite the positive trend, we believe NKT A/S will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.475 Sell Candidate Unchanged
Predicted Opening Price for NKT A/S of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| kr568.00 ( 0.353%) | kr566.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NKT.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 576.00 | 1.77 % | |
| R2 | 572.94 | 1.23 % | ||
| R1 | 571.06 | 0.89 % | ||
| Current price: | 566.00 | |||
| Support | S1 | 564.94 | -0.187 % | |
| S2 | 563.06 | -0.520 % | ||
| S3 | 560.00 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 595.00 | 5.12 % | |
| R2 | 584.00 | 3.18 % | ||
| R1 | 570.00 | 0.707 % | ||
| Current price | 566.00 | |||
| Support | S1 | 541.00 | -4.42% | |
| S2 | 523.00 | -7.60% | ||
| S3 | 511.00 | -9.72% |
NKT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2016 | Apr 01, 2016 | Apr 01, 2016 | kr3.53 | 1.92% |
| 2 | Mar 26, 2015 | Mar 26, 2015 | Mar 26, 2015 | kr3.53 | 1.63% |
| 3 | Mar 26, 2014 | Mar 26, 2014 | Mar 26, 2014 | kr3.09 | 1.98% |
| 4 | Mar 22, 2013 | Mar 22, 2013 | Mar 22, 2013 | kr7.06 | 6.59% |
| 5 | Mar 29, 2012 | Mar 29, 2012 | Mar 29, 2012 | kr2.00 | 1.60% |
FAQ
Click here for our free guide on how to buy NKT A/S Stock.
