Nyfosa AB (publ) Stock Forecast
Nyfosa AB (publ) stock downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The Nyfosa AB (publ) stock price gained 0.589% on the last trading day (Wednesday, 8th May 2024), rising from kr101.80 to kr102.40. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.17% from a day low at kr101.00 to a day high of kr104.20. The price has risen in 7 of the last 10 days and is up by 3.85% over the past 2 weeks. Volume fell on the last day by -234 thousand shares and in total, 174 thousand shares were bought and sold for approximately kr17.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.73% during the next 3 months and, with a 90% probability hold a price between kr99.88 and kr123.61 at the end of this 3-month period.
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NYF.ST Signals & Forecast
Mostly positive signals in the chart today. The Nyfosa AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr98.21 and kr97.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 16.56%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Nyfosa AB (publ) stock
Nyfosa AB (publ) finds support from accumulated volume at kr100.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr3.20 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: kr99.04 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (NYF.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Nyfosa AB (publ) to open at kr102.53, and during the day (based on 14 day Average True Range), to move between kr98.84 and kr105.96, which gives a possible trading interval of +/-kr3.56 (+/-3.48%) up or down from last closing price. If Nyfosa AB (publ) takes out the full calculated possible swing range there will be an estimated 6.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr104.10 (1.66%) than the support at kr100.30 (2.05%), 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 Nyfosa AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nyfosa AB (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.212 Buy Candidate Downgraded
Predicted Opening Price for Nyfosa AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr102.53 ( 0.130%) | kr102.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NYF.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.73 | 3.26 % | |
| R2 | 104.51 | 2.06 % | ||
| R1 | 103.76 | 1.32 % | ||
| Current price: | 102.40 | |||
| Support | S1 | 101.31 | -1.06 % | |
| S2 | 100.56 | -1.80 % | ||
| S3 | 99.33 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 105.60 | 3.12 % | ||
| R1 | 104.10 | 1.66 % | ||
| Current price | 102.40 | |||
| Support | S1 | 100.30 | -2.05% | |
| S2 | 97.60 | -4.69% | ||
| S3 | 82.90 | -19.04% |
NYF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | kr1.00 | 1.69% |
| 2 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | kr1.00 | 1.45% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | kr0.95 | 1.18% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | kr0.95 | 1.52% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | kr0.95 | 1.15% |
FAQ
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