Grupo Aeroportuario del Centro Norte Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Grupo Aeroportuario del Centro Norte stock after gaining 3.35%
(Updated on Apr 26, 2024)
The Grupo Aeroportuario del Centro Norte stock price gained 3.35% on the last trading day (Friday, 26th Apr 2024), rising from $85.26 to $88.12. During the last trading day the stock fluctuated 5.14% from a day low at $84.49 to a day high of $88.83. The price has fallen in 6 of the last 10 days but is still up by 10.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately $5.12 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $87.59, a level that may pose a second chance to hit a runner. According to fan-theory $103.20 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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OMAB Signals & Forecast
The Grupo Aeroportuario del Centro Norte 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 $80.37 and $76.82. 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 17.34%. 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 stock
On the downside, the stock finds support just below today's level from accumulated volume at $77.31 and $76.12. 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 finds support just below today's level at $77.31. If this is broken, then the next support from accumulated volume will be at $76.12 and $74.81.
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 $4.34 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 5.78%.
Our recommended stop-loss: $84.75 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (OMAB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Grupo Aeroportuario del Centro Norte S.A.B. de C.V. to open at $87.15, and during the day (based on 14 day Average True Range), to move between $85.20 and $91.04, which gives a possible trading interval of +/-$2.92 (+/-3.32%) 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 6.64% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $77.31, some $10.81 (12.27%) from the current price of $88.12, our system finds the risk reward attractive.
Is Grupo Aeroportuario del Centro Norte S.A.B. de C.V. stock A Buy?
Grupo Aeroportuario del Centro Norte holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.433 Strong Buy Candidate Unchanged
Predicted Opening Price for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $87.15 ( 1.10%) | $88.12 |
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 | 91.49 | 3.82 % | |
| R2 | 89.83 | 1.94 % | ||
| R1 | 88.80 | 0.777 % | ||
| Current price: | 88.12 | |||
| Support | S1 | 85.49 | -2.99 % | |
| S2 | 84.46 | -4.15 % | ||
| S3 | 82.81 | -6.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 88.12 | |||
| Support | S1 | 77.31 | -12.27% | |
| S2 | 76.12 | -13.62% | ||
| S3 | 74.81 | -15.10% |
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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