Nederman Holding AB (publ) Stock Forecast
Nederman Holding AB (publ) stock price ended at kr224.50 on Friday, after gaining 0.673%.
(Updated on Jun 28, 2024)
The Nederman Holding AB (publ) stock price gained 0.673% on the last trading day (Friday, 28th Jun 2024), rising from kr223.00 to kr224.50. During the last trading day the stock fluctuated 1.80% from a day low at kr222.00 to a day high of kr226.00. The price has fallen in 6 of the last 10 days and is down by -2.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately kr560.58 thousand.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr221.43 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 32.12% during the next 3 months and, with a 90% probability hold a price between kr292.56 and kr317.04 at the end of this 3-month period.
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NMAN.ST Signals & Forecast
The Nederman Holding 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 kr224.57. On a fall, the stock will find some support from the long-term average at approximately kr221.27. 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. Nederman Holding AB (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -4.87%. 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 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 kr4.00 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: kr214.77 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (NMAN.ST) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nederman Holding AB (publ) to open at kr224.17, and during the day (based on 14 day Average True Range), to move between kr217.18 and kr231.82, which gives a possible trading interval of +/-kr7.32 (+/-3.26%) 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 6.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr225.00 (0.22%) than the support at kr190.80 (15.01%), 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.
Current score: 1.699 Buy Candidate Unchanged
Predicted Opening Price for Nederman Holding AB (publ) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr224.17 ( 0.148%) | kr224.50 |
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 | 228.17 | 1.63% |
| R2 | 226.64 | 0.95% |
| R1 | 225.69 | 0.532% |
| Price | 224.50 | |
| S1 | 222.64 | -0.83% |
| S2 | 221.69 | -1.25% |
| S3 | 220.17 | -1.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 232.50 | 3.56% |
| R2 | 226.00 | 0.668% |
| R1 | 225.00 | 0.223% |
| Price | 224.50 | |
| S1 | 190.80 | -15.01% |
| S2 | 185.60 | -17.33% |
| S3 | 181.60 | -19.11% |
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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