NRW Holdings Limited Stock Forecast
Green day on Tuesday for NRW Holdings Limited
(Updated on May 07, 2024)
The NRW Holdings Limited stock price gained 1.47% on the last trading day (Tuesday, 7th May 2024), rising from $2.73 to $2.77. During the last trading day the stock fluctuated 1.46% from a day low at $2.74 to a day high of $2.78. The price has fallen in 5 of the last 10 days and is down by -2.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 382 thousand more shares were traded than the day before. In total, 833 thousand shares were bought and sold for approximately $2.31 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.70% during the next 3 months and, with a 90% probability hold a price between $2.50 and $2.79 at the end of this 3-month period.
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NWH.AX Signals & Forecast
There are mixed signals in the stock today. The NRW Holdings Limited 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 $2.77 and $2.84. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 1.47%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NRW Holdings Limited stock
NRW Holdings Limited finds support from accumulated volume at $2.76 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 $0.0400 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NWH.AX) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect NRW Holdings Limited to open at $2.76, and during the day (based on 14 day Average True Range), to move between $2.71 and $2.83, which gives a possible trading interval of +/-$0.0634 (+/-2.29%) up or down from last closing price. If NRW Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.76 (0.36%) than the resistance at $2.84 (2.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NRW Holdings Limited stock A Buy?
NRW Holdings Limited 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: -1.408 Sell Candidate Unchanged
Predicted Opening Price for NRW Holdings Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $2.76 ( 0.241%) | $2.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NWH.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.80 | 1.20 % | |
| R2 | 2.79 | 0.652 % | ||
| R1 | 2.78 | 0.311 % | ||
| Current price: | 2.77 | |||
| Support | S1 | 2.75 | -0.792 % | |
| S2 | 2.74 | -1.13 % | ||
| S3 | 2.72 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.05 | 10.11 % | |
| R2 | 2.85 | 2.89 % | ||
| R1 | 2.84 | 2.53 % | ||
| Current price | 2.77 | |||
| Support | S1 | 2.76 | -0.361% | |
| S2 | 2.73 | -1.44% | ||
| S3 | 2.69 | -2.89% |
NWH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 25, 2024 | $0 | 0% |
| 2 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | $0.0850 | 4.05% |
| 3 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | $0.0700 | 2.79% |
| 4 | Mar 21, 2022 | Mar 21, 2022 | Mar 21, 2022 | $0.0550 | 2.52% |
| 5 | Sep 23, 2021 | Sep 23, 2021 | Sep 23, 2021 | $0.0500 | 2.99% |
FAQ
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