Nordic Waterproofing Holding A/S Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Nordic Waterproofing Holding A/S stock after losing 1.60%
(Updated on May 02, 2024)
The Nordic Waterproofing Holding A/S stock price fell by -1.60% on the last day (Thursday, 2nd May 2024) from kr162.60 to kr160.00. During the last trading day the stock fluctuated 1.38% from a day low at kr159.40 to a day high of kr161.60. The price has fallen in 4 of the last 10 days and is down by -5.55% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -383 shares and in total, 5 thousand shares were bought and sold for approximately kr750.24 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 kr159.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.64% during the next 3 months and, with a 90% probability hold a price between kr153.86 and kr167.16 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NWG.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 kr163.09 and kr166.13. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Nordic Waterproofing Holding A/S stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 kr2.20 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.73%
Nordic Waterproofing Holding A/S is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: kr149.34 (-6.66%) (This stock has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (NWG.ST) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Nordic Waterproofing Holding A/S to open at kr160.33, and during the day (based on 14 day Average True Range), to move between kr156.77 and kr163.23, which gives a possible trading interval of +/-kr3.23 (+/-2.02%) 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 4.04% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr166.00, some kr6.00 (3.75%) from the current price of kr160.00, our system finds the risk reward not very attractive.
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.
Current score: -0.398 Hold/Accumulate Unchanged
Predicted Opening Price for Nordic Waterproofing Holding A/S of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr160.33 ( 0.208%) | kr160.00 |
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 | 162.53 | 1.58 % | |
| R2 | 161.69 | 1.06 % | ||
| R1 | 161.17 | 0.734 % | ||
| Current price: | 160.00 | |||
| Support | S1 | 159.49 | -0.317 % | |
| S2 | 158.97 | -0.641 % | ||
| S3 | 158.13 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169.00 | 5.63 % | |
| R2 | 168.00 | 5.00 % | ||
| R1 | 166.00 | 3.75 % | ||
| Current price | 160.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NWG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr5.00 | 3.14% |
| 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
Click here for our free guide on how to buy Nordic Waterproofing Holding A/S Stock.
