NuVista Energy Ltd. Stock Forecast
NuVista Energy Ltd. stock price up 2.24% on Thursday
(Updated on Jun 27, 2024)
The NuVista Energy Ltd. stock price gained 2.24% on the last trading day (Thursday, 27th Jun 2024), rising from $13.84 to $14.15. During the last trading day the stock fluctuated 1.91% from a day low at $13.90 to a day high of $14.16. The price has risen in 6 of the last 10 days and is up by 5.68% 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, 291 thousand more shares were traded than the day before. In total, 650 thousand shares were bought and sold for approximately $9.20 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $14.26 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.51% during the next 3 months and, with a 90% probability hold a price between $15.06 and $16.33 at the end of this 3-month period.
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NVA.TO Signals & Forecast
The NuVista Energy Ltd. 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 $13.62 and $13.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 8.51%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NuVista Energy Ltd. stock
NuVista Energy Ltd. finds support from accumulated volume at $13.70 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 $0.265 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: $13.51 (-4.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (NVA.TO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect NuVista Energy Ltd. to open at $14.07, and during the day (based on 14 day Average True Range), to move between $13.80 and $14.50, which gives a possible trading interval of +/-$0.351 (+/-2.48%) up or down from last closing price. If NuVista Energy Ltd. takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $13.70, some $0.450 (3.18%) from the current price of $14.15, our system finds the risk reward attractive.
Is NuVista Energy Ltd. 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 NuVista Energy Ltd. stock to perform well in the short-term.
Current score: 4.078 Buy Candidate Unchanged
Predicted Opening Price for NuVista Energy Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $14.07 ( 0.577%) | $14.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVA.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.33 | 1.30% |
| R2 | 14.23 | 0.580% |
| R1 | 14.17 | 0.138% |
| Price | 14.15 | |
| S1 | 13.97 | -1.29% |
| S2 | 13.90 | -1.73% |
| S3 | 13.80 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 14.15 | |
| S1 | 13.70 | -3.18% |
| S2 | 12.77 | -9.75% |
| S3 | 12.42 | -12.23% |
NVA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 11, 2010 | Dec 29, 2010 | Jan 17, 2011 | $0.0500 | 0.566% |
| 2 | Aug 13, 2010 | Sep 28, 2010 | Oct 15, 2010 | $0.0500 | 0.515% |
| 3 | May 14, 2010 | Jun 28, 2010 | Jul 15, 2010 | $0.0500 | 0.424% |
| 4 | Mar 09, 2010 | Mar 29, 2010 | Apr 15, 2010 | $0.0500 | 0.399% |
FAQ
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