Ninety One Group Stock Forecast
Ninety One Group stock price ended at $3,800.00 on Friday, after losing 0.236%.
(Updated on Jun 28, 2024)
The Ninety One Group stock price fell by -0.236% on the last day (Friday, 28th Jun 2024) from $3,809.00 to $3,800.00. During the last trading day the stock fluctuated 1.69% from a day low at $3,791.00 to a day high of $3,855.00. The price has fallen in 5 of the last 10 days but is still up by 2.01% over the past 2 weeks. 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 -83 thousand shares and in total, 194 thousand shares were bought and sold for approximately $737.00 million.
The stock lies in the middle of a 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 -3.41% during the next 3 months and, with a 90% probability hold a price between $3,546.53 and $3,837.91 at the end of this 3-month period.
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NY1.JO Signals & Forecast
There are mixed signals in the stock today. The Ninety One Group 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 $3,832.57 and $3,878.80. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.70%. 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).
Support, Risk & Stop-loss for Ninety One Group stock
Ninety One Group finds support from accumulated volume at $3,750.00 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 $64.00 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NY1.JO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ninety One Group to open at $3,815.33, and during the day (based on 14 day Average True Range), to move between $3,701.25 and $3,898.75, which gives a possible trading interval of +/-$98.75 (+/-2.60%) up or down from last closing price. If Ninety One Group takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3,837.00 (0.97%) than the support at $3,750.00 (1.32%), 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 Ninety One Group stock A Buy?
Ninety One Group 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: -1.841 Sell Candidate Unchanged
Predicted Opening Price for Ninety One Group of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3,815.33 ( 0.404%) | $3,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NY1.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,879.33 | 2.09% |
| R2 | 3,854.89 | 1.44% |
| R1 | 3,839.78 | 1.05% |
| Price | 3,800.00 | |
| S1 | 3,790.89 | -0.240% |
| S2 | 3,775.78 | -0.637% |
| S3 | 3,751.33 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,878.00 | 2.05% |
| R2 | 3,850.00 | 1.32% |
| R1 | 3,837.00 | 0.97% |
| Price | 3,800.00 | |
| S1 | 3,750.00 | -1.32% |
| S2 | 3,737.00 | -1.66% |
| S3 | 3,725.00 | -1.97% |
NY1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2024 | Jul 17, 2024 | Aug 08, 2024 | $153.00 | 4.03% |
| 2 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | $136.00 | 3.38% |
| 3 | Dec 06, 2023 | Dec 06, 2023 | Dec 22, 2023 | $3,237.57 | 75.79% |
| 4 | Jul 19, 2023 | Jul 19, 2023 | Jul 19, 2023 | $160.00 | 4.08% |
| 5 | Nov 30, 2022 | Nov 30, 2022 | Nov 30, 2022 | $132.00 | 3.28% |
FAQ
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