Netcare Limited 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
Stronger technical forecast for Netcare Limited stock price after Thursday trading.
(Updated on Jun 27, 2024)
The Netcare Limited stock price gained 2.17% on the last trading day (Thursday, 27th Jun 2024), rising from $1,244.00 to $1,271.00. During the last trading day the stock fluctuated 3.67% from a day low at $1,226.00 to a day high of $1,271.00. The price has been going up and down for this period, and there has been a 5.3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $11.59 billion.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.80% during the next 3 months and, with a 90% probability hold a price between $1,238.98 and $1,429.79 at the end of this 3-month period.
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NTC.JO Signals & Forecast
The Netcare Limited 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 $1,284.86. On a fall, the stock will find some support from the long-term average at approximately $1,190.23. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 -3.71%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Netcare Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $1,175.00 and $1,147.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Netcare Limited finds support just below today's level at $1,175.00. If this is broken, then the next support from accumulated volume will be at $1,147.00 and $1,127.00.
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 $45.00 between high and low, or 3.67%. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: $1,224.30 (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (NTC.JO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Netcare Limited to open at $1,256.00, and during the day (based on 14 day Average True Range), to move between $1,228.02 and $1,313.98, which gives a possible trading interval of +/-$42.98 (+/-3.38%) up or down from last closing price. If Netcare Limited takes out the full calculated possible swing range there will be an estimated 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1,300.00 (2.28%) than the support at $1,175.00 (7.55%), 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 Netcare Limited 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 Netcare Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.255 Buy Candidate Upgraded
Predicted Opening Price for Netcare Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $1,256.00 ( 1.18%) | $1,271.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTC.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,301.00 | 2.36% |
| R2 | 1,283.81 | 1.01% |
| R1 | 1,273.19 | 0.172% |
| Price | 1,271.00 | |
| S1 | 1,238.81 | -2.53% |
| S2 | 1,228.19 | -3.37% |
| S3 | 1,211.00 | -4.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,320.00 | 3.86% |
| R2 | 1,311.00 | 3.15% |
| R1 | 1,300.00 | 2.28% |
| Price | 1,271.00 | |
| S1 | 1,175.00 | -7.55% |
| S2 | 1,147.00 | -9.76% |
| S3 | 1,127.00 | -11.33% |
NTC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2024 | Jul 10, 2024 | Jul 15, 2024 | $30.00 | 2.36% |
| 2 | Jan 24, 2024 | Jan 24, 2024 | Jan 29, 2024 | $35.00 | 2.49% |
| 3 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | $30.00 | 2.16% |
| 4 | Jan 25, 2023 | Jan 25, 2023 | Jan 25, 2023 | $30.00 | 2.11% |
| 5 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | $20.00 | 1.43% |
FAQ
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