NRC Group ASA Stock Forecast

NRC Group ASA stock price up 0.413% on Friday
(Updated on Apr 19, 2024)

NRC.OL Signals & Forecast

The NRC Group ASA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr12.45. On a fall, the stock will find some support from the long-term average at approximately kr11.74. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. NRC Group ASA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, April 11, 2024, and so far it has fallen -8.30%. 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). The stock had a Golden Star Signal on Monday, February 26, 2024 in the short-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 NRC Group ASA stock

NRC Group ASA finds support from accumulated volume at kr12.00 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 kr0.350 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 4.57%.

Our recommended stop-loss: kr11.43 (-5.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (NRC.OL) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect NRC Group ASA to open at kr12.03, and during the day (based on 14 day Average True Range), to move between kr11.73 and kr12.57, which gives a possible trading interval of +/-kr0.417 (+/-3.43%) up or down from last closing price. If NRC Group ASA takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr12.00 (1.23%) than the resistance at kr12.45 (2.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NRC Group ASA 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 NRC Group ASA stock to perform well in the short-term.

Current score: 1.893 Buy Candidate Unchanged

Predicted Opening Price for NRC Group ASA of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.