Net Holding A.S. Stock Forecast
Stronger technical forecast for Net Holding A.S. stock price after Tuesday trading.
(Updated on May 14, 2024)
The Net Holding A.S. stock price gained 4.06% on the last trading day (Tuesday, 14th May 2024), rising from TRY 30.56 to TRY 31.80. During the last trading day the stock fluctuated 4.60% from a day low at TRY 30.42 to a day high of TRY 31.82. The price has risen in 6 of the last 10 days and is up by 1.53% 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, 361 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 110.63 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 31.41, a level that may pose a second chance to hit a runner. According to fan-theory TRY 37.24 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NTHOL.IS Signals & Forecast
Mostly positive signals in the chart today. The Net Holding A.S. 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 TRY 31.48 and TRY 28.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 22.03%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Net Holding A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 29.40 and TRY 26.72. 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, Net Holding A.S. finds support just below today's level at TRY 29.40. If this is broken, then the next support from accumulated volume will be at TRY 26.72 and TRY 26.30.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 1.40 between high and low, or 4.60%. For the last week, the stock has had daily average volatility of 3.48%.
The Net Holding A.S. stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: TRY 30.69 (-3.48%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (NTHOL.IS) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Net Holding A.S. to open at TRY 31.35, and during the day (based on 14 day Average True Range), to move between TRY 30.64 and TRY 32.96, which gives a possible trading interval of +/-TRY 1.16 (+/-3.66%) up or down from last closing price. If Net Holding A.S. takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 29.40, some TRY 2.40 (7.55%) from the current price of TRY 31.80, our system finds the risk reward attractive.
Is Net Holding A.S. stock A Buy?
Net Holding A.S. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.065 Strong Buy Candidate Upgraded
Predicted Opening Price for Net Holding A.S. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| TRY 31.35 ( 1.43%) | TRY 31.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTHOL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.75 | 2.98 % | |
| R2 | 32.21 | 1.30 % | ||
| R1 | 31.88 | 0.256 % | ||
| Current price: | 31.80 | |||
| Support | S1 | 30.81 | -3.11 % | |
| S2 | 30.48 | -4.15 % | ||
| S3 | 29.95 | -5.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 31.80 | |||
| Support | S1 | 29.40 | -7.55% | |
| S2 | 26.72 | -15.97% | ||
| S3 | 26.30 | -17.30% |
NTHOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2013 | Jun 20, 2013 | Jun 20, 2013 | TRY 0.194 | 8.92% |
FAQ
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