Neo Performance Materials Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Neo Performance Materials Inc. stock downgraded after the last trading session.
(Updated on Jun 26, 2024)
No changes to the price of Neo Performance Materials Inc. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 2.00% from a day low at $6.00 to a day high of $6.12. The price has risen in 6 of the last 10 days and is up by 18.83% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $6.14 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.03% during the next 3 months and, with a 90% probability hold a price between $6.42 and $7.99 at the end of this 3-month period.
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NOPMF Signals & Forecast
The Neo Performance Materials Inc. 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 $5.90 and $5.12. 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, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Neo Performance Materials Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.13 and $5.00. 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, Neo Performance Materials Inc. finds support just below today's level at $5.13. If this is broken, then the next support from accumulated volume will be at $5.00 and $4.88.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.120 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: $5.90 (-3.62%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (NOPMF) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Neo Performance Materials Inc. to open at $6.08, and during the day (based on 14 day Average True Range), to move between $5.90 and $6.34, which gives a possible trading interval of +/-$0.224 (+/-3.66%) up or down from last closing price. If Neo Performance Materials Inc. takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.13, some $1.00 (16.26%) from the current price of $6.12, our system finds the risk reward attractive.
Is Neo Performance Materials Inc. 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 Neo Performance Materials Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.303 Buy Candidate Downgraded
Predicted Opening Price for Neo Performance Materials Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $6.08 ( 0.654%) | $6.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOPMF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.20 | 1.31% |
| R2 | 6.15 | 0.558% |
| R1 | 6.13 | 0.0954% |
| Price | 6.12 | |
| S1 | 6.03 | -1.40% |
| S2 | 6.01 | -1.87% |
| S3 | 5.96 | -2.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 6.12 | |
| S1 | 5.13 | -16.26% |
| S2 | 5.00 | -18.32% |
| S3 | 4.88 | -20.30% |
NOPMF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jun 27, 2024 | $0.0732 | 1.19% |
| 2 | Mar 15, 2024 | Mar 15, 2024 | Mar 27, 2024 | $0.0738 | 1.63% |
| 3 | Dec 15, 2023 | Dec 15, 2023 | Dec 28, 2023 | $0.0747 | 1.30% |
| 4 | Sep 19, 2023 | Sep 19, 2023 | Sep 29, 2023 | $0.0740 | 1.22% |
| 5 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | $0.0760 | 1.16% |
FAQ
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