NKT A/S Stock Forecast
NKT A/S stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The NKT A/S stock price fell by -0.97% on the last day (Friday, 3rd May 2024) from kr568.00 to kr562.50. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.96% from a day low at kr543.50 to a day high of kr565.00. The price has fallen in 6 of the last 10 days and is down by -5.46% for this period. Volume has increased on the last day by 127 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 190 thousand shares were bought and sold for approximately kr107.02 million.
Given the current short-term trend, the stock is expected to rise 21.88% during the next 3 months and, with a 90% probability hold a price between kr685.56 and kr782.97 at the end of this 3-month period.
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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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr574.57 and kr580.64. 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 -7.25%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 kr21.50 (3.96%) between high and low. For the last week, the stock has had daily average volatility of 2.57%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect NKT A/S to open at kr557.00, and during the day (based on 14 day Average True Range), to move between kr547.61 and kr577.39, which gives a possible trading interval of +/-kr14.89 (+/-2.65%) up or down from last closing price. If NKT A/S takes out the full calculated possible swing range there will be an estimated 5.29% 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 (1.33%) than the support at kr541.00 (3.82%), 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
NKT A/S will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $5.44. We will update the financials statements for NKT A/S, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.02% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.066 Sell Candidate Downgraded
Predicted Opening Price for NKT A/S of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr557.00 ( 0.98%) | kr562.50 |
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 | 578.50 | 2.84 % | |
| R2 | 570.29 | 1.38 % | ||
| R1 | 565.21 | 0.482 % | ||
| Current price: | 562.50 | |||
| Support | S1 | 548.79 | -2.44 % | |
| S2 | 543.71 | -3.34 % | ||
| S3 | 535.50 | -4.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 595.00 | 5.78 % | |
| R2 | 584.00 | 3.82 % | ||
| R1 | 570.00 | 1.33 % | ||
| Current price | 562.50 | |||
| Support | S1 | 541.00 | -3.82% | |
| S2 | 523.00 | -7.02% | ||
| S3 | 511.00 | -9.16% |
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
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