Novavest Real Estate Ag Stock Forecast
Weaker technical forecast for Novavest Real Estate Ag as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Novavest Real Estate Ag stock price gained 0.597% on the last trading day (Friday, 28th Jun 2024), rising from 33.50 Fr to 33.70 Fr. During the last trading day the stock fluctuated 0.90% from a day low at 33.40 Fr to a day high of 33.70 Fr. The price has risen in 5 of the last 10 days and is up by 1.2% 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, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 68.28 Fr thousand.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 33.73 Fr will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Novavest Real Estate Ag stock with a 90% probability to be traded between 32.36 Fr and 33.91 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NREN.SW Signals & Forecast
The Novavest Real Estate 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 33.57 Fr and 33.25 Fr. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Novavest Real Estate Ag 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. The very low volume increases the risk and reduces the other technical signals issued. 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 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Novavest Real Estate Ag stock
Novavest Real Estate Ag finds support from accumulated volume at 33.60 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 0.300 Fr between high and low, or 0.90%. For the last week the stock has had daily average volatility of 0.90%.
Our recommended stop-loss: 32.47 Fr (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (NREN.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Novavest Real Estate Ag to open at 33.60 Fr, and during the day (based on 14 day Average True Range), to move between 33.18 Fr and 34.22 Fr, which gives a possible trading interval of +/-0.519 Fr (+/-1.54%) 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 3.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 33.60 Fr, some 0.100 Fr (0.30%) from the current price of 33.70 Fr, our system finds the risk reward attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.989 Hold/Accumulate Downgraded
Predicted Opening Price for Novavest Real Estate Ag of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 33.60 Fr ( 0.297%) | 33.70 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NREN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.90 | 0.593% |
| R2 | 33.79 | 0.253% |
| R1 | 33.71 | 0.0433% |
| Price | 33.70 | |
| S1 | 33.49 | -0.637% |
| S2 | 33.41 | -0.85% |
| S3 | 33.30 | -1.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 33.70 | |
| S1 | 33.60 | -0.297% |
| S2 | 33.40 | -0.89% |
| S3 | 33.30 | -1.19% |
NREN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | 1.25 Fr | 3.73% |
| 2 | Jun 09, 2022 | Jun 09, 2022 | Jun 13, 2022 | 1.65 Fr | 3.67% |
| 3 | Jun 04, 2021 | Jun 04, 2021 | Jun 08, 2021 | 1.65 Fr | 3.56% |
| 4 | Mar 19, 2020 | Aug 04, 2020 | Aug 06, 2020 | 1.64 Fr | 3.70% |
FAQ
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