Nilfisk Holding A/S Stock Forecast
Nilfisk Holding A/S stock price ended at kr144.00 on Tuesday, after gaining 2.13%.
(Updated on May 14, 2024)
The Nilfisk Holding A/S stock price gained 2.13% on the last trading day (Tuesday, 14th May 2024), rising from kr141.00 to kr144.00. During the last trading day the stock fluctuated 4.13% from a day low at kr140.60 to a day high of kr146.40. The price has risen in 5 of the last 10 days but is still down by -0.96% for this period. Volume fell on the last day by -23 thousand shares and in total, 15 thousand shares were bought and sold for approximately kr2.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr141.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.20% during the next 3 months and, with a 90% probability hold a price between kr165.72 and kr185.66 at the end of this 3-month period.
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NLFSK.CO Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nilfisk Holding A/S 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 kr144.30. On a fall, the stock will find some support from the short-term average at kr143.46. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -4.51%. 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).
Support, Risk & Stop-loss for Nilfisk Holding A/S stock
On the downside, the stock finds support just below today's level from accumulated volume at kr134.20 and kr129.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nilfisk Holding A/S finds support just below today's level at kr134.20. If this is broken, then the next support from accumulated volume will be at kr129.40 and kr129.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr5.80 between high and low, or 4.13%. For the last week the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NLFSK.CO) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Nilfisk Holding A/S to open at kr143.67, and during the day (based on 14 day Average True Range), to move between kr140.02 and kr147.98, which gives a possible trading interval of +/-kr3.98 (+/-2.76%) up or down from last closing price. If Nilfisk Holding A/S takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr147.00 (2.08%) than the support at kr134.20 (6.81%), 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
Nilfisk Holding A/S will release earnings BMO on Thursday, May 16, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.98. We will update the financials statements for Nilfisk Holding A/S, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.24% in the first trading day after earnings release.
Is Nilfisk Holding A/S stock A Buy?
The Nilfisk Holding A/S stock holds several negative signals and despite the positive trend, we believe Nilfisk Holding A/S will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.170 Sell Candidate Unchanged
Predicted Opening Price for Nilfisk Holding A/S of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| kr143.67 ( 0.231%) | kr144.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NLFSK.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.47 | 3.80 % | |
| R2 | 147.25 | 2.26 % | ||
| R1 | 145.88 | 1.31 % | ||
| Current price: | 144.00 | |||
| Support | S1 | 141.45 | -1.77 % | |
| S2 | 140.08 | -2.72 % | ||
| S3 | 137.87 | -4.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.60 | 4.58 % | |
| R2 | 150.40 | 4.44 % | ||
| R1 | 147.00 | 2.08 % | ||
| Current price | 144.00 | |||
| Support | S1 | 134.20 | -6.81% | |
| S2 | 129.40 | -10.14% | ||
| S3 | 129.00 | -10.42% |
FAQ
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