Nordic Waterproofing Holding A/S Stock Forecast
Nordic Waterproofing Holding A/S stock upgraded to Hold/Accumulate.
(Updated on Apr 30, 2024)
The Nordic Waterproofing Holding A/S stock price gained 1.12% on the last trading day (Tuesday, 30th Apr 2024), rising from kr160.80 to kr162.60. During the last trading day the stock fluctuated 2.14% from a day low at kr159.20 to a day high of kr162.60. The price has risen in 4 of the last 10 days but is still down by -3.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately kr824.71 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr159.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.27% during the next 3 months and, with a 90% probability hold a price between kr154.59 and kr168.09 at the end of this 3-month period.
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NWG.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.63%. Further rise is indicated until a new top pivot has been found. Nordic Waterproofing Holding 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. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr163.94 and kr166.39. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nordic Waterproofing Holding A/S stock
Nordic Waterproofing Holding A/S finds support from accumulated volume at kr160.80 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 kr3.40 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: kr153.47 (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (NWG.ST) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Nordic Waterproofing Holding A/S to open at kr161.47, and during the day (based on 14 day Average True Range), to move between kr159.37 and kr165.83, which gives a possible trading interval of +/-kr3.23 (+/-1.99%) 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 3.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr160.80 (1.11%) than the resistance at kr166.00 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nordic Waterproofing Holding A/S stock A Buy?
Nordic Waterproofing Holding A/S 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.268 Hold/Accumulate Upgraded
Predicted Opening Price for Nordic Waterproofing Holding A/S of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr161.47 ( 0.697%) | kr162.60 |
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 | 164.87 | 1.39 % | |
| R2 | 163.57 | 0.595 % | ||
| R1 | 162.77 | 0.102 % | ||
| Current price: | 162.60 | |||
| Support | S1 | 160.17 | -1.50 % | |
| S2 | 159.37 | -1.99 % | ||
| S3 | 158.07 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169.00 | 3.94 % | |
| R2 | 168.00 | 3.32 % | ||
| R1 | 166.00 | 2.09 % | ||
| Current price | 162.60 | |||
| Support | S1 | 160.80 | -1.11% | |
| S2 | 160.00 | -1.60% | ||
| S3 | 0 | . |
NWG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr5.00 | 3.08% |
| 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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