Grupo Aeroportuario del Centro Norte, S. Stock Forecast

Stronger technical forecast for Grupo Aeroportuario del Centro Norte, S. stock price after Tuesday trading.
(Updated on Apr 30, 2024)

OMAB.MX Signals & Forecast

The Grupo Aeroportuario del Centro Norte, S. 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 $180.27 and $164.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 18.30%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Grupo Aeroportuario del Centro Norte, S. stock

On the downside, the stock finds support just below today's level from accumulated volume at $147.72 and $146.13. There is a 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, S. finds support just below today's level at $147.72. If this is broken, then the next support from accumulated volume will be at $146.13 and $144.90.

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 $1.33 between high and low, or 0.705%. For the last week, the stock has had daily average volatility of 4.44%.

The Grupo Aeroportuario del Centro Norte, S. stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $183.06 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (OMAB.MX) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Grupo Aeroportuario del Centro Norte, S. A. B. de C. V. to open at $189.44, and during the day (based on 14 day Average True Range), to move between $184.30 and $195.02, which gives a possible trading interval of +/-$5.36 (+/-2.83%) up or down from last closing price. If Grupo Aeroportuario del Centro Norte, S. A. B. de C. V. takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $147.72, some $41.94 (22.11%) from the current price of $189.66, our system finds the risk reward attractive.

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

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Grupo Aeroportuario del Centro Norte, S. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.188 Strong Buy Candidate Upgraded

Predicted Opening Price for Grupo Aeroportuario del Centro Norte, S. A. B. de C. V. of Thursday, May 2, 2024

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