Nederman Holding AB (publ) Stock Forecast
Weaker technical forecast for Nederman Holding AB (publ) as stock downgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The Nederman Holding AB (publ) stock price fell by -4.66% on the last day (Tuesday, 25th Jun 2024) from kr236.00 to kr225.00. During the last trading day the stock fluctuated 6.79% from a day low at kr221.00 to a day high of kr236.00. The price has fallen in 6 of the last 10 days and is down by -0.44% for this period. Volume has increased on the last day by 5 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, 11 thousand shares were bought and sold for approximately kr2.56 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 35.15% during the next 3 months and, with a 90% probability hold a price between kr295.50 and kr320.38 at the end of this 3-month period.
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NMAN.ST Signals & Forecast
The Nederman Holding 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 kr224.43 and kr219.29. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen -4.66%. Further fall is indicated until a new bottom pivot has been found. 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 Nederman Holding AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr190.80 and kr185.60. 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, Nederman Holding AB (publ) finds support just below today's level at kr190.80. If this is broken, then the next support from accumulated volume will be at kr185.60 and kr181.60.
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 kr15.00 between high and low, or 6.79%. For the last week, the stock has had daily average volatility of 5.63%.
Our recommended stop-loss: kr217.53 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (NMAN.ST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Nederman Holding AB (publ) to open at kr227.33, and during the day (based on 14 day Average True Range), to move between kr217.15 and kr232.85, which gives a possible trading interval of +/-kr7.85 (+/-3.49%) up or down from last closing price. If Nederman Holding AB (publ) takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr226.00 (0.44%) than the support at kr190.80 (15.20%), 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 Nederman Holding AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nederman Holding AB (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.358 Buy Candidate Downgraded
Predicted Opening Price for Nederman Holding AB (publ) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr227.33 ( 1.04%) | kr225.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NMAN.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 242.33 | 7.70% |
| R2 | 236.60 | 5.16% |
| R1 | 233.06 | 3.58% |
| Price | 225.00 | |
| S1 | 221.60 | -1.51% |
| S2 | 218.06 | -3.08% |
| S3 | 212.33 | -5.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 232.50 | 3.33% |
| R2 | 227.50 | 1.11% |
| R1 | 226.00 | 0.444% |
| Price | 225.00 | |
| S1 | 190.80 | -15.20% |
| S2 | 185.60 | -17.51% |
| S3 | 181.60 | -19.29% |
NMAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 06, 2024 | kr3.95 | 1.97% |
| 2 | Apr 17, 2024 | Apr 17, 2024 | Apr 17, 2024 | kr3.95 | 2.16% |
| 3 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | kr3.75 | 1.95% |
| 4 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | kr3.50 | 1.97% |
| 5 | Aug 26, 2021 | Aug 26, 2021 | Aug 26, 2021 | kr1.00 | 0.514% |
FAQ
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