NRC Group ASA 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
NRC Group ASA stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The NRC Group ASA stock price fell by -1.59% on the last day (Thursday, 2nd May 2024) from kr12.60 to kr12.40. During the last trading day the stock fluctuated 1.21% from a day low at kr12.35 to a day high of kr12.50. The price has risen in 5 of the last 10 days and is up by 1.64% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -20 thousand shares and in total, 31 thousand shares were bought and sold for approximately kr389.17 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr12.11 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 18.04% during the next 3 months and, with a 90% probability hold a price between kr14.29 and kr16.23 at the end of this 3-month period.
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NRC.OL Signals & Forecast
The NRC Group ASA 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 kr12.29 and kr12.03. A breakdown below any of these levels will issue sell signals. 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 -6.42%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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.
Golden Star
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.150 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: kr11.76 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (NRC.OL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect NRC Group ASA to open at kr12.42, and during the day (based on 14 day Average True Range), to move between kr12.04 and kr12.76, which gives a possible trading interval of +/-kr0.355 (+/-2.86%) up or down from last closing price. If NRC Group ASA takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr12.45 (0.40%) than the support at kr12.00 (3.23%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.693 Buy Candidate Downgraded
Predicted Opening Price for NRC Group ASA of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr12.42 ( 0.134%) | kr12.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRC.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.57 | 1.34 % | |
| R2 | 12.51 | 0.88 % | ||
| R1 | 12.47 | 0.597 % | ||
| Current price: | 12.40 | |||
| Support | S1 | 12.36 | -0.328 % | |
| S2 | 12.32 | -0.613 % | ||
| S3 | 12.27 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.10 | 5.65 % | |
| R2 | 12.80 | 3.23 % | ||
| R1 | 12.45 | 0.403 % | ||
| Current price | 12.40 | |||
| Support | S1 | 12.00 | -3.23% | |
| S2 | 11.04 | -10.97% | ||
| S3 | 11.00 | -11.29% |
NRC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2018 | Apr 20, 2018 | May 03, 2018 | kr1.75 | 3.24% |
| 2 | Feb 15, 2017 | May 04, 2017 | May 19, 2017 | kr0.80 | 1.45% |
| 3 | Apr 17, 2001 | May 11, 2001 | Jun 07, 2001 | kr17,679.08 | 25.16% |
| 4 | May 12, 2000 | May 12, 2000 | May 30, 2000 | kr15,469.20 | 15.35% |
FAQ
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