NORMA Group SE Stock Forecast

Weaker technical forecast for NORMA Group SE as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)

NOEJ.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.40%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NORMA Group SE 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 18.74€. On a fall, the stock will find some support from the short-term average at 17.33€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for NORMA Group SE stock

NORMA Group SE finds support from accumulated volume at 17.20€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.180€ between high and low, or 1.04%. For the last week the stock has had daily average volatility of 3.14%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NOEJ.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect NORMA Group SE to open at 17.40€, and during the day (based on 14 day Average True Range), to move between 16.91€ and 17.93€, which gives a possible trading interval of +/-0.515€ (+/-2.95%) up or down from last closing price. If NORMA Group SE takes out the full calculated possible swing range there will be an estimated 5.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 17.20€ (1.26%) than the resistance at 18.12€ (4.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NORMA Group SE stock A Buy?

NORMA Group SE holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.404 Sell Candidate Downgraded

Predicted Opening Price for NORMA Group SE of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.