Novartis AG 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
Novartis AG stock upgraded to Strong Buy Candidate.
(Updated on Jun 14, 2024)
The Novartis AG stock price gained 0.796% on the last trading day (Friday, 14th Jun 2024), rising from 94.26 Fr to 95.01 Fr. During the last trading day the stock fluctuated 1.31% from a day low at 94.03 Fr to a day high of 95.26 Fr. The price has fallen in 5 of the last 10 days but is still up by 1.97% 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, 573 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately 298.62 Fr million.
The stock lies in the middle of a narrow 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 12.11% during the next 3 months and, with a 90% probability hold a price between 103.82 Fr and 108.79 Fr at the end of this 3-month period.
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NOVN.SW Signals & Forecast
Mostly positive signals in the chart today. The Novartis AG 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 94.61 Fr and 92.05 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 4.97%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Wednesday, September 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, September 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Novartis AG stock
Novartis AG finds support from accumulated volume at 93.17 Fr 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.23 Fr between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: 89.80 Fr (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (NOVN.SW) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Novartis AG to open at 94.77 Fr, and during the day (based on 14 day Average True Range), to move between 93.79 Fr and 96.23 Fr, which gives a possible trading interval of +/-1.22 Fr (+/-1.28%) up or down from last closing price. If Novartis AG takes out the full calculated possible swing range there will be an estimated 2.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 93.17 Fr, some 1.84 Fr (1.94%) from the current price of 95.01 Fr, our system finds the risk reward attractive.
Is Novartis AG stock A Buy?
Novartis AG holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.521 Strong Buy Candidate Upgraded
Predicted Opening Price for Novartis AG of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 94.77 Fr ( 0.256%) | 95.01 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOVN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 96.00 | 1.04% |
| R2 | 95.53 | 0.544% |
| R1 | 95.24 | 0.238% |
| Price | 95.01 | |
| S1 | 94.30 | -0.751% |
| S2 | 94.01 | -1.06% |
| S3 | 93.54 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 95.01 | |
| S1 | 93.17 | -1.94% |
| S2 | 88.94 | -6.39% |
| S3 | 85.64 | -9.86% |
NOVN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 11, 2024 | 3.30 Fr | 3.72% |
| 2 | Mar 09, 2023 | Mar 09, 2023 | Mar 13, 2023 | 3.20 Fr | 4.28% |
| 3 | Mar 08, 2022 | Mar 08, 2022 | Mar 08, 2022 | 3.10 Fr | 4.17% |
| 4 | Mar 04, 2021 | Mar 04, 2021 | Mar 04, 2021 | 3.00 Fr | 3.84% |
| 5 | Jan 29, 2020 | Mar 03, 2020 | Mar 05, 2020 | 2.95 Fr | 3.59% |
FAQ
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