New Zealand King Salmon Investments Ltd Stock Forecast
Red day on Monday for New Zealand King Salmon Investments Ltd
(Updated on May 20, 2024)
No changes to the price of New Zealand King Salmon Investments Ltd stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.255 to a day high of $0.255. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.259 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.13% during the next 3 months and, with a 90% probability hold a price between $0.204 and $0.225 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NZK.NZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The New Zealand King Salmon Investments Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.259. On a fall, the stock will find some support from the short-term average at $0.253. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for New Zealand King Salmon Investments Ltd stock
New Zealand King Salmon Investments Ltd finds support from accumulated volume at $0.250 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 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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.61%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NZK.NZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect New Zealand King Salmon Investments Limited to open at $0.255, and during the day (based on 14 day Average True Range), to move between $0.249 and $0.261, which gives a possible trading interval of +/-$0.0063 (+/-2.49%) up or down from last closing price. If New Zealand King Salmon Investments Limited takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.260 (1.96%) than the support at $0.250 (1.96%), 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 New Zealand King Salmon Investments Limited stock A Buy?
New Zealand King Salmon Investments Ltd 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: -3.817 Sell Candidate Unchanged
Predicted Opening Price for New Zealand King Salmon Investments Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.255 ( 0%) | $0.255 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NZK.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.255 | . | |
| R2 | 0.255 | . | ||
| R1 | 0.255 | . | ||
| Current price: | 0.255 | |||
| Support | S1 | 0.255 | . | |
| S2 | 0.255 | . | ||
| S3 | 0.255 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.290 | 13.73 % | |
| R2 | 0.270 | 5.88 % | ||
| R1 | 0.260 | 1.96 % | ||
| Current price | 0.255 | |||
| Support | S1 | 0.250 | -1.96% | |
| S2 | 0.245 | -3.92% | ||
| S3 | 0 | . |
NZK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2020 | Mar 05, 2020 | Mar 05, 2020 | $0.0099 | 0.494% |
| 2 | Sep 05, 2019 | Sep 05, 2019 | Sep 05, 2019 | $0.0149 | 0.661% |
| 3 | Mar 12, 2019 | Mar 12, 2019 | Mar 12, 2019 | $0.0099 | 0.433% |
| 4 | Sep 11, 2018 | Sep 11, 2018 | Sep 11, 2018 | $0.0149 | 0.588% |
| 5 | Mar 14, 2018 | Mar 14, 2018 | Mar 14, 2018 | $0.0099 | 0.472% |
FAQ
Click here for our free guide on how to buy New Zealand King Salmon Investments Limited Stock.
