Nolato AB (publ) Stock Forecast
Green day on Tuesday for Nolato AB (publ)
(Updated on Apr 23, 2024)
The Nolato AB (publ) stock price gained 1.31% on the last trading day (Tuesday, 23rd Apr 2024), rising from kr53.30 to kr54.00. During the last trading day the stock fluctuated 1.78% from a day low at kr53.50 to a day high of kr54.45. The price has fallen in 7 of the last 10 days but is still up by 0.93% 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, 850 thousand more shares were traded than the day before. In total, 948 thousand shares were bought and sold for approximately kr51.20 million.
The stock lies in the middle of a very wide and 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 11.10% during the next 3 months and, with a 90% probability hold a price between kr50.17 and kr62.87 at the end of this 3-month period.
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NOLA-B.ST Signals & Forecast
The Nolato 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 kr52.74 and kr48.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 27.84%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nolato AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr45.20 and kr45.04. 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, Nolato AB (publ) finds support just below today's level at kr45.20. If this is broken, then the next support from accumulated volume will be at kr45.04 and kr44.48.
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 kr0.95 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: kr51.89 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (NOLA-B.ST) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Nolato AB (publ) to open at kr53.98, and during the day (based on 14 day Average True Range), to move between kr52.58 and kr55.42, which gives a possible trading interval of +/-kr1.42 (+/-2.63%) up or down from last closing price. If Nolato AB (publ) 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 @ kr45.20, some kr8.80 (16.30%) from the current price of kr54.00, our system finds the risk reward attractive.
Earnings coming up
Nolato AB (publ) will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.400. We will update the financials statements for Nolato AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.77% in the first trading day after earnings release.
Is Nolato 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 Nolato AB (publ) stock to perform well in the short-term.
Current score: 4.296 Buy Candidate Unchanged
Predicted Opening Price for Nolato AB (publ) of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| kr53.98 ( 0.0309%) | kr54.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOLA-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.93 | 1.73 % | |
| R2 | 54.57 | 1.06 % | ||
| R1 | 54.35 | 0.641 % | ||
| Current price: | 54.00 | |||
| Support | S1 | 53.62 | -0.703 % | |
| S2 | 53.40 | -1.12 % | ||
| S3 | 53.03 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 54.00 | |||
| Support | S1 | 45.20 | -16.30% | |
| S2 | 45.04 | -16.59% | ||
| S3 | 44.48 | -17.63% |
NOLA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 14, 2024 | kr1.50 | 2.78% |
| 2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | kr1.90 | 3.21% |
| 3 | May 04, 2022 | May 04, 2022 | May 04, 2022 | kr1.90 | 3.26% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | kr1.60 | 1.79% |
| 5 | May 05, 2020 | May 05, 2020 | May 05, 2020 | kr14.00 | 26.17% |
FAQ
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