Nordic Waterproofing Holding A/S Stock Forecast
Red day on Friday for Nordic Waterproofing Holding A/S
(Updated on Apr 19, 2024)
No changes to the price of Nordic Waterproofing Holding A/S stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 1.20% from a day low at kr166.00 to a day high of kr168.00. The price has risen in 5 of the last 10 days and is up by 0.72% over the past 2 weeks.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at kr166.97 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Nordic Waterproofing Holding A/S stock with a 90% probability to be traded between kr164.66 and kr172.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NWG.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nordic Waterproofing Holding A/S stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr169.23 and kr167.56. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Nordic Waterproofing Holding A/S stock
Nordic Waterproofing Holding A/S finds support from accumulated volume at kr167.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr2.00 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.71%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NWG.ST) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Nordic Waterproofing Holding A/S to open at kr167.07, and during the day (based on 14 day Average True Range), to move between kr163.90 and kr170.50, which gives a possible trading interval of +/-kr3.30 (+/-1.97%) up or down from last closing price. If Nordic Waterproofing Holding A/S takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr167.00 (0.12%) than the resistance at kr168.00 (0.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Nordic Waterproofing Holding A/S will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.360. We will update the financials statements for Nordic Waterproofing Holding A/S, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.92% in the first trading day after earnings release.
Is Nordic Waterproofing Holding A/S stock A Buy?
Nordic Waterproofing Holding A/S holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.890 Sell Candidate Unchanged
Predicted Opening Price for Nordic Waterproofing Holding A/S of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| kr167.07 ( 0.0797%) | kr167.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NWG.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169.07 | 1.12 % | |
| R2 | 168.30 | 0.659 % | ||
| R1 | 167.83 | 0.377 % | ||
| Current price: | 167.20 | |||
| Support | S1 | 166.30 | -0.537 % | |
| S2 | 165.83 | -0.82 % | ||
| S3 | 165.07 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 170.00 | 1.67 % | |
| R2 | 169.00 | 1.08 % | ||
| R1 | 168.00 | 0.478 % | ||
| Current price | 167.20 | |||
| Support | S1 | 167.00 | -0.120% | |
| S2 | 166.00 | -0.718% | ||
| S3 | 164.00 | -1.91% |
NWG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr5.00 | 3.00% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr7.00 | 5.01% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr6.00 | 3.30% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | kr4.50 | 2.49% |
| 5 | Apr 25, 2019 | Apr 25, 2019 | Apr 25, 2019 | kr4.00 | 4.45% |
FAQ
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