NORMA Group SE Stock Forecast
NORMA Group SE stock price up 0.204% on Friday
(Updated on May 17, 2024)
The NORMA Group SE stock price gained 0.204% on the last trading day (Friday, 17th May 2024), rising from 19.58€ to 19.62€. During the last trading day the stock fluctuated 2.06% from a day low at 19.40€ to a day high of 19.80€. The price has risen in 6 of the last 10 days and is up by 5.26% over the past 2 weeks. Volume fell on the last day by -299 shares and in total, 42 thousand shares were bought and sold for approximately 831.26€ thousand. 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 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 39.51% during the next 3 months and, with a 90% probability hold a price between 26.09€ and 28.43€ at the end of this 3-month period.
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NOEJ.F Signals & Forecast
The NORMA Group SE 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 19.43€ and 18.41€. 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 Tuesday, May 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for NORMA Group SE stock
On the downside, the stock finds support just below today's level from accumulated volume at 16.90€ and 16.82€. 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, NORMA Group SE finds support just below today's level at 16.90€. If this is broken, then the next support from accumulated volume will be at 16.82€ and 15.36€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.400€ between high and low, or 2.06%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: 19.03€ (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (NOEJ.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NORMA Group SE to open at 19.61€, and during the day (based on 14 day Average True Range), to move between 19.10€ and 20.14€, which gives a possible trading interval of +/-0.516€ (+/-2.63%) up or down from last closing price. If NORMA Group SE takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 16.90€, some 2.72€ (13.86%) from the current price of 19.62€, our system finds the risk reward attractive.
Is NORMA Group SE 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 NORMA Group SE stock to perform well in the short-term.
Current score: 4.331 Buy Candidate Unchanged
Predicted Opening Price for NORMA Group SE of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 19.61€ ( 0.0680%) | 19.62€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOEJ.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.01 | 1.97 % | |
| R2 | 19.85 | 1.19 % | ||
| R1 | 19.76 | 0.711 % | ||
| Current price: | 19.62 | |||
| Support | S1 | 19.45 | -0.85 % | |
| S2 | 19.36 | -1.33 % | ||
| S3 | 19.21 | -2.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 19.62 | |||
| Support | S1 | 16.90 | -13.86% | |
| S2 | 16.82 | -14.27% | ||
| S3 | 15.36 | -21.71% |
NOEJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | 0€ | 0% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 0.550€ | 0% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 0.750€ | 0% |
| 4 | May 18, 2022 | May 18, 2022 | May 18, 2022 | 0.750€ | 0% |
| 5 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 0.700€ | 0% |
FAQ
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