NORMA Group SE Stock Forecast

NORMA Group SE stock price fell more than -5.08% Friday closing at 17.20€
(Updated on Jun 14, 2024)

NOEJ.F Signals & Forecast

There are few to no technical positive signals at the moment. The NORMA Group SE stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 18.65€ and 19.04€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -12.33%. 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). 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 NORMA Group SE stock

NORMA Group SE finds support from accumulated volume at 16.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.14€ (6.83%) between high and low. For the last week, the stock has had daily average volatility of 2.70%.

NORMA Group SE is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Monday 17th

For the upcoming trading day on Monday, 17th we expect NORMA Group SE to open at 17.23€, and during the day (based on 14 day Average True Range), to move between 16.67€ and 17.73€, which gives a possible trading interval of +/-0.529€ (+/-3.07%) up or down from last closing price. If NORMA Group SE takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 16.90€ (1.74%) than the resistance at 18.12€ (5.35%), 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?

The NORMA Group SE stock holds several negative signals and despite the positive trend, we believe NORMA Group SE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.600 Sell Candidate Unchanged

Predicted Opening Price for NORMA Group SE of Monday, June 17, 2024

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