Nabaltec AG Stock Forecast
Evaluation of Nabaltec AG stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Nabaltec AG stock price fell by -0.664% on the last day (Friday, 17th May 2024) from 15.05€ to 14.95€. During the last trading day the stock fluctuated 1.67% from a day low at 14.95€ to a day high of 15.20€. The price has been going up and down for this period, and there has been a 5.65% gain for the last 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 -3 thousand shares and in total, 4 thousand shares were bought and sold for approximately 57.54€ thousand.
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 8.33% during the next 3 months and, with a 90% probability hold a price between 14.02€ and 16.87€ at the end of this 3-month period.
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NTG.DE Signals & Forecast
The Nabaltec 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 15.02€. On a fall, the stock will find some support from the long-term average at approximately 14.04€. 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. 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, April 26, 2024, and so far it has fallen -2.29%. 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 very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should go up by 0.330% to 15.00€ within 19 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Nabaltec AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 12.95€ and 12.80€. 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, Nabaltec AG finds support just below today's level at 12.95€. If this is broken, then the next support from accumulated volume will be at 12.80€ and 12.75€.
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 0.250€ between high and low, or 1.67%. For the last week the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: 14.30€ (-4.37%) (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 (NTG.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nabaltec AG to open at 15.03€, and during the day (based on 14 day Average True Range), to move between 14.41€ and 15.49€, which gives a possible trading interval of +/-0.545€ (+/-3.64%) up or down from last closing price. If Nabaltec AG takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.00€ (0.33%) than the support at 12.95€ (13.38%), 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.
Earnings coming up
Nabaltec AG will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Nabaltec AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.51% in the first trading day after earnings release.
Is Nabaltec AG stock A Buy?
Nabaltec 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: 0.373 Hold/Accumulate Downgraded
Predicted Opening Price for Nabaltec AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 15.03€ ( 0.557%) | 14.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTG.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.28 | 2.23 % | |
| R2 | 15.19 | 1.59 % | ||
| R1 | 15.13 | 1.20 % | ||
| Current price: | 14.95 | |||
| Support | S1 | 14.94 | -0.0814 % | |
| S2 | 14.88 | -0.476 % | ||
| S3 | 14.78 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.30 | 2.34 % | |
| R2 | 15.05 | 0.669 % | ||
| R1 | 15.00 | 0.334 % | ||
| Current price | 14.95 | |||
| Support | S1 | 12.95 | -13.38% | |
| S2 | 12.80 | -14.38% | ||
| S3 | 12.75 | -14.72% |
NTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2024 | Jun 26, 2024 | Jun 28, 2024 | 0.280€ | 1.85% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | 0.280€ | 1.43% |
| 3 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | 0.250€ | 1.00% |
| 4 | Apr 30, 2020 | Jul 01, 2020 | Jul 01, 2020 | 0.150€ | 0.671% |
| 5 | Apr 30, 2019 | Jun 28, 2019 | Jul 02, 2019 | 0.200€ | 0.546% |
FAQ
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