NOTE AB (publ) Stock Forecast
Green day on Wednesday for NOTE AB (publ) stock after gaining 1.22%
(Updated on May 08, 2024)
The NOTE AB (publ) stock price gained 1.22% on the last trading day (Wednesday, 8th May 2024), rising from kr139.70 to kr141.40. During the last trading day the stock fluctuated 3.01% from a day low at kr139.70 to a day high of kr143.90. The price has risen in 7 of the last 10 days and is up by 8.6% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 44 thousand shares were bought and sold for approximately kr6.21 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.29% during the next 3 months and, with a 90% probability hold a price between kr113.32 and kr134.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NOTE.ST Signals & Forecast
Mostly positive signals in the chart today. The NOTE 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 kr139.74 and kr138.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for NOTE AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr134.00 and kr133.00. 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, NOTE AB (publ) finds support just below today's level at kr134.00. If this is broken, then the next support from accumulated volume will be at kr133.00 and kr128.30.
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 kr4.20 between high and low, or 3.01%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: kr136.83 (-3.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (NOTE.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect NOTE AB (publ) to open at kr141.67, and during the day (based on 14 day Average True Range), to move between kr136.75 and kr146.05, which gives a possible trading interval of +/-kr4.65 (+/-3.29%) up or down from last closing price. If NOTE AB (publ) takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr141.90 (0.35%) than the support at kr134.00 (5.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NOTE AB (publ) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.814 Buy Candidate Unchanged
Predicted Opening Price for NOTE AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr141.67 ( 0.189%) | kr141.40 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 145.87 | 3.16 % | |
| R2 | 144.26 | 2.02 % | ||
| R1 | 143.27 | 1.32 % | ||
| Current price: | 141.40 | |||
| Support | S1 | 140.06 | -0.95 % | |
| S2 | 139.07 | -1.65 % | ||
| S3 | 137.47 | -2.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 158.50 | 12.09 % | |
| R2 | 157.50 | 11.39 % | ||
| R1 | 141.90 | 0.354 % | ||
| Current price | 141.40 | |||
| Support | S1 | 134.00 | -5.23% | |
| S2 | 133.00 | -5.94% | ||
| S3 | 128.30 | -9.26% |
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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