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Grupo Aeroportuario del Centro Norte Stock Forecast NASDAQ:OMAB

$51.90 (1.63%)

Volume: 73k

Closed: Jan 21, 2022

Hollow Logo Score: -2.557

Grupo Aeroportuario del Centro Norte Stock Forecast

$51.90 (1.63%)

Volume: 73k

Closed: Jan 21, 2022

Score Hollow Logo -2.557
Which way will OMAB go? Request
Key Stats
Beta 0.97
Trailing Dividend Rate 3.47% ($1.77)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 44 and the stock is currently not being overbought or oversold

Grupo Aeroportuario del Centro Norte stock price ended on $51.90 on Friday after gaining 1.63%
(Updated on Jan 21, 2022)


Sell candidate since 2022-01-20 Gain 1.63% PDF

The Grupo Aeroportuario del Centro Norte stock price gained 1.63% on the last trading day (Friday, 21st Jan 2022), rising from $51.07 to $51.90. During the day the stock fluctuated 2.89% from a day low at $50.50 to a day high of $51.96. The price has been going up and down for this period, and there has been a -3.39% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 73 thousand shares were bought and sold for approximately $3.80 million.

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 11.44% during the next 3 months and, with a 90% probability hold a price between $54.30 and $64.26 at the end of this 3-month period.

Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Grupo Aeroportuario del Centro Norte 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 $53.75 and $52.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, January 13, 2022, and so far it has fallen -9.25%. 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).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $49.11 and $48.80. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Grupo Aeroportuario del Centro Norte finds support just below today's level at $49.11. If this is broken, then the next support from accumulated volume will be at $48.80 and $47.45.

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 $1.46 between high and low, or 2.89%. For the last week, the stock has had a daily average volatility of 3.05%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Grupo Aeroportuario del Centro Norte S.A.B. de C.V. stock A Buy?

The Grupo Aeroportuario del Centro Norte stock holds several negative signals and despite the positive trend, we believe Grupo Aeroportuario del Centro Norte will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.557

Sell Candidate Unchanged

Predicted Opening Price for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. of Monday, January 24, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price January 24, 2022 Current price
$51.45 $51.90 (Overvalued)

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Analyst Ratings

On Jan 11, 2022 "The Goldman Sachs Group" gave "$65.00 - $58.00" rating for OMAB. The price target was changed from $54.98 to 1.6%.

Volatility and Risk
Daily Average Volatility: 3.05 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.05 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $54.98
Price: $51.90
Support: $49.11

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 52.91 1.95 %
52.36 0.88 %
52.01 0.21 %
Current price: 51.90
Support 50.90 -1.94 %
50.55 -2.60 %
49.99 -3.67 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 57.19 10.19 %
55.87 7.65 %
54.98 5.93 %
Current price 51.90
Support 49.11 -5.38%
48.80 -5.97%
47.45 -8.57%

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About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte SAB de CV Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., through its subsidiaries, develops, operates, and maintains airports in Mexico. It also operates NH T2 Hotel in Terminal 2 of the Mexico City International Airport. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It has a strategic al... Read more

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