Nostromo Energy Limited Stock Forecast
Nostromo Energy Limited stock upgraded to Buy Candidate.
(Updated on Jun 27, 2024)
No changes to the price of Nostromo Energy Limited stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at ₪405.10 to a day high of ₪405.10. The price has risen in 5 of the last 10 days but is still down by -1.82% for this period.
The stock lies in the middle of a 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 14.23% during the next 3 months and, with a 90% probability hold a price between ₪437.65 and ₪503.02 at the end of this 3-month period.
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NOST.TA Signals & Forecast
The Nostromo Energy Limited 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 ₪405.06 and ₪399.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.496%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Nostromo Energy Limited stock
Nostromo Energy Limited finds support from accumulated volume at ₪404.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₪0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.27%
Our recommended stop-loss: ₪380.67 (-6.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (NOST.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Nostromo Energy Limited to open at ₪405.10, and during the day (based on 14 day Average True Range), to move between ₪396.58 and ₪413.62, which gives a possible trading interval of +/-₪8.52 (+/-2.10%) up or down from last closing price. If Nostromo Energy Limited takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪404.40 (0.17%) than the resistance at ₪411.30 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nostromo Energy Limited 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 Nostromo Energy Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.182 Buy Candidate Upgraded
Predicted Opening Price for Nostromo Energy Limited of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
₪405.10 ( 0.00000000%) | ₪405.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOST.TA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 405.10 | 0.00000000% |
R2 | 405.10 | 0.00000000% |
R1 | 405.10 | 0.00000000% |
Price | 405.10 | |
S1 | 405.10 | 0.00000000% |
S2 | 405.10 | 0.00000000% |
S3 | 405.10 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 412.40 | 1.80% |
R2 | 412.30 | 1.78% |
R1 | 411.30 | 1.53% |
Price | 405.10 | |
S1 | 404.40 | -0.173% |
S2 | 365.80 | -9.70% |
S3 | 350.00 | -13.60% |
NOST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 12, 2020 | Apr 12, 2020 | Apr 26, 2020 | ₪752.58 | 0% |
FAQ
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