Nestle S.A. 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
Nestle S.A. stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Nestle S.A. stock price fell by -0.166% on the last day (Friday, 28th Jun 2024) from $102.41 to $102.24. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.442% from a day low at $101.91 to a day high of $102.36. The price has fallen in 6 of the last 10 days and is down by -4.09% for this period. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 71 thousand shares were bought and sold for approximately $7.27 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $100.96 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 3.50% during the next 3 months and, with a 90% probability hold a price between $104.50 and $115.11 at the end of this 3-month period.
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NSRGY Signals & Forecast
There are few to no technical positive signals at the moment. The Nestle S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $104.38 and $105.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -7.32%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 5.10% to $107.46 within 19 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Nestle S.A. stock
Nestle S.A. finds support from accumulated volume at $101.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.450 (0.442%) between high and low. For the last week, the stock has had daily average volatility of 0.563%.
Nestle S.A. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $98.49 (-3.67%) (This stock has low daily movements and this gives low risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (NSRGY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nestle S.A. to open at $102.17, and during the day (based on 14 day Average True Range), to move between $100.80 and $103.68, which gives a possible trading interval of +/-$1.44 (+/-1.40%) up or down from last closing price. If Nestle S.A. takes out the full calculated possible swing range there will be an estimated 2.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $101.95 (0.28%) than the resistance at $104.14 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nestle S.A. stock A Buy?
Nestle S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.746 Hold/Accumulate Upgraded
Predicted Opening Price for Nestle S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $102.17 ( 0.0685%) | $102.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSRGY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.62 | 0.372% |
| R2 | 102.45 | 0.204% |
| R1 | 102.34 | 0.0997% |
| Price | 102.24 | |
| S1 | 102.00 | -0.237% |
| S2 | 101.89 | -0.340% |
| S3 | 101.72 | -0.509% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106.30 | 3.97% |
| R2 | 105.10 | 2.80% |
| R1 | 104.14 | 1.86% |
| Price | 102.24 | |
| S1 | 101.95 | -0.284% |
| S2 | 101.43 | -0.792% |
| S3 | 101.20 | -1.02% |
NSRGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | Apr 23, 2024 | $3.41 | 3.31% |
| 2 | Feb 23, 2024 | Apr 22, 2024 | Apr 22, 2024 | $2.20 | 2.14% |
| 3 | Jul 23, 2023 | Apr 24, 2023 | Jun 08, 2023 | $3.19 | 2.67% |
| 4 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | $3.04 | 2.30% |
| 5 | Apr 19, 2021 | Apr 19, 2021 | May 27, 2021 | $3.07 | 2.48% |
FAQ
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