NOTE AB (publ) Stock Forecast
Weaker technical forecast for NOTE AB (publ) as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
No changes to the price of NOTE AB (publ) stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 2.15% from a day low at kr139.30 to a day high of kr142.30. The price has fallen in 6 of the last 10 days and is down by -2.67% for this period.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr138.29 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.25% during the next 3 months and, with a 90% probability hold a price between kr151.09 and kr174.38 at the end of this 3-month period.
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NOTE.ST Signals & Forecast
There are few to no technical positive signals at the moment. The NOTE AB (publ) 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 kr143.34 and kr147.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -8.97%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for NOTE AB (publ) stock
NOTE AB (publ) finds support from accumulated volume at kr141.90 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr3.00 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NOTE.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect NOTE AB (publ) to open at kr141.20, and during the day (based on 14 day Average True Range), to move between kr137.56 and kr146.44, which gives a possible trading interval of +/-kr4.44 (+/-3.13%) up or down from last closing price. If NOTE AB (publ) takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr141.90 (0.07%) than the resistance at kr144.00 (1.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NOTE AB (publ) stock A Buy?
The NOTE AB (publ) stock holds several negative signals and despite the positive trend, we believe NOTE AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.026 Sell Candidate Downgraded
Predicted Opening Price for NOTE AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr141.20 ( 0.563%) | kr142.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOTE.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 144.20 | 1.55% |
| R2 | 143.05 | 0.742% |
| R1 | 142.35 | 0.244% |
| Price | 142.00 | |
| S1 | 140.05 | -1.37% |
| S2 | 139.35 | -1.87% |
| S3 | 138.20 | -2.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 154.70 | 8.94% |
| R2 | 151.30 | 6.55% |
| R1 | 144.00 | 1.41% |
| Price | 142.00 | |
| S1 | 141.90 | -0.0704% |
| S2 | 133.00 | -6.34% |
| S3 | 128.30 | -9.65% |
NOTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2020 | Apr 24, 2020 | Apr 24, 2020 | kr1.20 | 3.19% |
| 2 | Apr 26, 2019 | Apr 26, 2019 | Apr 26, 2019 | kr0.700 | 2.42% |
| 3 | Apr 27, 2018 | Apr 27, 2018 | Apr 27, 2018 | kr1.00 | 4.21% |
| 4 | Apr 21, 2017 | Apr 21, 2017 | Apr 21, 2017 | kr0.700 | 3.61% |
| 5 | Apr 20, 2016 | Apr 20, 2016 | Apr 20, 2016 | kr0.700 | 5.51% |
FAQ
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