Nobia AB (publ) Stock Forecast
Nobia AB (publ) stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Nobia AB (publ) stock price gained 3.31% on the last trading day (Friday, 17th May 2024), rising from kr4.90 to kr5.06. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.08% from a day low at kr4.88 to a day high of kr5.13. The price has risen in 7 of the last 10 days and is up by 6.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 636 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately kr11.03 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.69% during the next 3 months and, with a 90% probability hold a price between kr1.24 and kr4.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NOBI.ST Signals & Forecast
Mostly positive signals in the chart today. The Nobia 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 kr4.94 and kr4.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 16.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Nobia AB (publ) stock
Nobia AB (publ) finds support from accumulated volume at kr4.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr0.248 between high and low, or 5.08%. For the last week, the stock has had daily average volatility of 8.03%.
Our recommended stop-loss: kr4.87 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (NOBI.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nobia AB (publ) to open at kr5.02, and during the day (based on 14 day Average True Range), to move between kr4.63 and kr5.49, which gives a possible trading interval of +/-kr0.426 (+/-8.42%) up or down from last closing price. If Nobia AB (publ) takes out the full calculated possible swing range there will be an estimated 16.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr5.15 (1.78%) than the support at kr4.87 (3.72%), 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 Nobia AB (publ) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.804 Buy Candidate Upgraded
Predicted Opening Price for Nobia AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr5.02 ( 0.711%) | kr5.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOBI.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.27 | 4.19 % | |
| R2 | 5.18 | 2.32 % | ||
| R1 | 5.12 | 1.16 % | ||
| Current price: | 5.06 | |||
| Support | S1 | 4.93 | -2.58 % | |
| S2 | 4.87 | -3.74 % | ||
| S3 | 4.78 | -5.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.26 | 3.85 % | |
| R2 | 5.20 | 2.77 % | ||
| R1 | 5.15 | 1.78 % | ||
| Current price | 5.06 | |||
| Support | S1 | 4.87 | -3.72% | |
| S2 | 4.83 | -4.58% | ||
| S3 | 4.34 | -14.19% |
NOBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr2.50 | 16.93% |
| 2 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | kr2.00 | 6.07% |
| 3 | May 06, 2020 | May 06, 2020 | May 06, 2020 | kr4.00 | 25.25% |
| 4 | May 03, 2019 | May 03, 2019 | May 03, 2019 | kr4.00 | 15.79% |
| 5 | Apr 11, 2018 | Apr 11, 2018 | Apr 11, 2018 | kr3.50 | 12.25% |
FAQ
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