Grupo Aeroportuario del Centro Norte Stock Forecast
Grupo Aeroportuario del Centro Norte stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 22, 2024)
The Grupo Aeroportuario del Centro Norte stock price gained 1.36% on the last trading day (Monday, 22nd Apr 2024), rising from $75.10 to $76.12. During the last trading day the stock fluctuated 2.41% from a day low at $74.66 to a day high of $76.46. The price has fallen in 9 of the last 10 days and is down by -9.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately $3.31 million.
The stock lies in the middle of a wide and weak 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 8.64% during the next 3 months and, with a 90% probability hold a price between $76.15 and $93.94 at the end of this 3-month period.
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OMAB Signals & Forecast
The Grupo Aeroportuario del Centro Norte stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $76.94. On a fall, the stock will find some support from the long-term average at approximately $75.05. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -10.71%. 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 for Grupo Aeroportuario del Centro Norte stock
Grupo Aeroportuario del Centro Norte finds support from accumulated volume at $74.81 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 $1.80 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: $71.43 (-6.17%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (OMAB) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Grupo Aeroportuario del Centro Norte S.A.B. de C.V. to open at $75.75, and during the day (based on 14 day Average True Range), to move between $74.09 and $78.15, which gives a possible trading interval of +/-$2.03 (+/-2.67%) 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 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $77.31 (1.56%) than the support at $74.81 (1.72%), 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.
Earnings coming up
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.47. We will update the financials statements for Grupo Aeroportuario del Centro Norte S.A.B. de C.V., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.78% in the first trading day after earnings release.
Is Grupo Aeroportuario del Centro Norte S.A.B. de C.V. stock A Buy?
Grupo Aeroportuario del Centro Norte holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.078 Hold/Accumulate Downgraded
Predicted Opening Price for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$75.75 ( 0.490%) | $76.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OMAB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 77.55 | 1.87 % | |
R2 | 76.86 | 0.97 % | ||
R1 | 76.43 | 0.413 % | ||
Current price: | 76.12 | |||
Support | S1 | 75.06 | -1.39 % | |
S2 | 74.63 | -1.95 % | ||
S3 | 73.95 | -2.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 83.99 | 10.34 % | |
R2 | 82.97 | 9.00 % | ||
R1 | 77.31 | 1.56 % | ||
Current price | 76.12 | |||
Support | S1 | 74.81 | -1.72% | |
S2 | 71.24 | -6.41% | ||
S3 | 71.10 | -6.59% |
OMAB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 07, 2023 | Sep 18, 2023 | Sep 27, 2023 | $0.480 | 0.511% |
2 | Jun 08, 2023 | Jun 20, 2023 | Jun 29, 2023 | $2.13 | 2.49% |
3 | Feb 21, 2023 | Mar 02, 2023 | Mar 10, 2023 | $1.62 | 2.03% |
4 | Jul 12, 2022 | Jul 21, 2022 | Aug 01, 2022 | $0.494 | 0.96% |
5 | May 13, 2022 | May 20, 2022 | May 24, 2022 | $1.82 | 3.20% |
FAQ
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