Novavest Real Estate Ag Stock Forecast

Novavest Real Estate Ag stock price down 0.89% on Tuesday
(Updated on Jun 25, 2024)

NREN.SW Signals & Forecast

The Novavest Real Estate Ag 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 33.47 Fr. On a fall, the stock will find some support from the long-term average at approximately 33.21 Fr. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, June 21, 2024, and so far it has fallen -1.19%. Further fall is indicated until a new bottom pivot has been found. Novavest Real Estate Ag gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Novavest Real Estate Ag stock

Novavest Real Estate Ag finds support from accumulated volume at 33.10 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 0.400 Fr between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.94%.

Our recommended stop-loss: 32.21 Fr (-3.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (NREN.SW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Novavest Real Estate Ag to open at 33.23 Fr, and during the day (based on 14 day Average True Range), to move between 32.72 Fr and 33.88 Fr, which gives a possible trading interval of +/-0.582 Fr (+/-1.75%) up or down from last closing price. If Novavest Real Estate Ag takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 33.40 Fr (0.30%) than the support at 33.10 Fr (0.60%), 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 Novavest Real Estate Ag stock A Buy?

Novavest Real Estate Ag holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.997 Hold/Accumulate Unchanged

Predicted Opening Price for Novavest Real Estate Ag of Wednesday, June 26, 2024

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