NuVista Energy Ltd. Stock Forecast
Evaluation of NuVista Energy Ltd. stock downgraded after the last trading session.
(Updated on May 01, 2024)
The NuVista Energy Ltd. stock price fell by -1.05% on the last day (Wednesday, 1st May 2024) from $12.44 to $12.31. During the last trading day the stock fluctuated 2.53% from a day low at $12.25 to a day high of $12.56. The price has risen in 6 of the last 10 days and is up by 0.57% over the past 2 weeks. Volume has increased on the last day by 251 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, 483 thousand shares were bought and sold for approximately $5.95 million.
The stock lies in the middle of a strong 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 23.96% during the next 3 months and, with a 90% probability hold a price between $14.97 and $16.08 at the end of this 3-month period.
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NVA.TO Signals & Forecast
The NuVista Energy Ltd. 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 $12.69. On a fall, the stock will find some support from the long-term average at approximately $12.11. 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 Monday, April 29, 2024, and so far it has fallen -4.50%. 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.
Support, Risk & Stop-loss for NuVista Energy Ltd. stock
NuVista Energy Ltd. finds support from accumulated volume at $12.08 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 $0.310 (2.53%) between high and low. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: $11.74 (-4.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NVA.TO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect NuVista Energy Ltd. to open at $12.37, and during the day (based on 14 day Average True Range), to move between $12.00 and $12.62, which gives a possible trading interval of +/-$0.313 (+/-2.54%) up or down from last closing price. If NuVista Energy Ltd. takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.42 (0.89%) than the support at $12.08 (1.87%), 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
NuVista Energy Ltd. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.310. We will update the financials statements for NuVista Energy Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.24% in the first trading day after earnings release.
Is NuVista Energy Ltd. stock A Buy?
NuVista Energy Ltd. 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. 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: 0.438 Hold/Accumulate Downgraded
Predicted Opening Price for NuVista Energy Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $12.37 ( 0.514%) | $12.31 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 12.68 | 3.03 % | |
| R2 | 12.56 | 2.07 % | ||
| R1 | 12.49 | 1.48 % | ||
| Current price: | 12.31 | |||
| Support | S1 | 12.25 | -0.447 % | |
| S2 | 12.18 | -1.04 % | ||
| S3 | 12.06 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.83 | 4.22 % | |
| R2 | 12.80 | 3.98 % | ||
| R1 | 12.42 | 0.89 % | ||
| Current price | 12.31 | |||
| Support | S1 | 12.08 | -1.87% | |
| S2 | 11.64 | -5.44% | ||
| S3 | 11.35 | -7.80% |
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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