Novozymes A/S Stock Forecast
Novozymes A/S stock price ended at $58.86 on Thursday, after gaining 0.0170%.
(Updated on Mar 28, 2024)
The Novozymes A/S stock price gained 0.0170% on the last trading day (Thursday, 28th Mar 2024), rising from $58.85 to $58.86. During the last trading day the stock fluctuated 1.01% from a day low at $58.61 to a day high of $59.20. The price has been going up and down for this period, and there has been a -3.4% loss 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, 3 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $496.48 thousand.
The stock lies in the middle of a wide and 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 17.16% during the next 3 months and, with a 90% probability hold a price between $64.89 and $73.38 at the end of this 3-month period.
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NVZMY Signals & Forecast
The Novozymes A/S 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 $59.38. On a fall, the stock will find some support from the long-term average at approximately $57.22. 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. Novozymes A/S has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, March 20, 2024, and so far it has fallen -4.65%. 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).
Support, Risk & Stop-loss for Novozymes A/S stock
Novozymes A/S finds support from accumulated volume at $56.45 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 $0.590 (1.01%) between high and low. For the last week, the stock has had daily average volatility of 0.781%.
Our recommended stop-loss: $55.61 (-5.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (NVZMY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Novozymes A/S to open at $58.89, and during the day (based on 14 day Average True Range), to move between $57.84 and $59.88, which gives a possible trading interval of +/-$1.02 (+/-1.73%) up or down from last closing price. If Novozymes A/S takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $59.33 (0.80%) than the support at $56.45 (4.09%), 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 Novozymes A/S 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 Novozymes A/S stock to perform well in the short-term.
Current score: 3.540 Buy Candidate Unchanged
Predicted Opening Price for Novozymes A/S of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$58.89 ( 0.0510%) | $58.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVZMY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 59.48 | 1.05 % | |
R2 | 59.25 | 0.670 % | ||
R1 | 59.12 | 0.434 % | ||
Current price: | 58.86 | |||
Support | S1 | 58.66 | -0.332 % | |
S2 | 58.53 | -0.569 % | ||
S3 | 58.30 | -0.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 61.06 | 3.74 % | |
R2 | 60.75 | 3.21 % | ||
R1 | 59.33 | 0.799 % | ||
Current price | 58.86 | |||
Support | S1 | 56.45 | -4.09% | |
S2 | 52.05 | -11.57% | ||
S3 | 50.93 | -13.47% |
NVZMY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 12, 2023 | Oct 20, 2023 | Nov 01, 2023 | $0.595 | 1.33% |
2 | May 28, 2023 | Mar 06, 2023 | Mar 23, 2023 | $0.590 | 1.17% |
3 | Jan 30, 2023 | Mar 03, 2023 | Mar 22, 2023 | $0.88 | 1.75% |
4 | Mar 15, 2022 | Mar 17, 2022 | Apr 05, 2022 | $0.85 | 1.22% |
5 | Mar 01, 2021 | Mar 12, 2021 | Mar 31, 2021 | $0.85 | 1.32% |
FAQ
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