NZX Limited Stock Forecast
Red day on Friday for NZX Limited stock after losing 0.89%
(Updated on May 17, 2024)
The NZX Limited stock price fell by -0.89% on the last day (Friday, 17th May 2024) from $1.12 to $1.11. During the last trading day the stock fluctuated 1.82% from a day low at $1.10 to a day high of $1.12. The price has fallen in 5 of the last 10 days and is down by -4.31% 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 -390 thousand shares and in total, 39 thousand shares were bought and sold for approximately $43.34 thousand.
Given the current short-term trend, the stock is expected to rise 17.90% during the next 3 months and, with a 90% probability hold a price between $1.31 and $1.43 at the end of this 3-month period.
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NZX.NZ Signals & Forecast
There are few to no technical positive signals at the moment. The NZX Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.13 and $1.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -5.13%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NZX Limited stock
NZX Limited finds support from accumulated volume at $1.06 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 $0.0200 between high and low, or 1.82%. For the last week the stock has had daily average volatility of 2.53%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NZX.NZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NZX Limited to open at $1.11, and during the day (based on 14 day Average True Range), to move between $1.08 and $1.14, which gives a possible trading interval of +/-$0.0251 (+/-2.26%) up or down from last closing price. If NZX Limited takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.12 (0.90%) than the support at $1.06 (4.50%), 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 NZX Limited stock A Buy?
The NZX Limited stock holds several negative signals and despite the positive trend, we believe NZX Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.378 Sell Candidate Unchanged
Predicted Opening Price for NZX Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $1.11 ( 0%) | $1.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NZX.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.13 | 1.80 % | |
| R2 | 1.12 | 1.11 % | ||
| R1 | 1.12 | 0.688 % | ||
| Current price: | 1.11 | |||
| Support | S1 | 1.10 | -0.688 % | |
| S2 | 1.10 | -1.11 % | ||
| S3 | 1.09 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.16 | 4.50 % | |
| R2 | 1.14 | 2.70 % | ||
| R1 | 1.12 | 0.90 % | ||
| Current price | 1.11 | |||
| Support | S1 | 1.06 | -4.50% | |
| S2 | 1.05 | -5.41% | ||
| S3 | 1.00 | -9.91% |
NZX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0365 | 3.47% |
| 2 | Sep 20, 2023 | Sep 20, 2023 | Sep 20, 2023 | $0.0300 | 2.65% |
| 3 | Mar 01, 2023 | Mar 01, 2023 | Mar 01, 2023 | $0.0310 | 2.50% |
| 4 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | $0.0417 | 3.39% |
| 5 | Feb 23, 2022 | Feb 23, 2022 | Feb 23, 2022 | $0.0310 | 2.04% |
FAQ
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