Grupo Aeroportuario del Centro Norte Stock Forecast
Grupo Aeroportuario del Centro Norte stock upgraded to Buy Candidate.
(Updated on Apr 19, 2024)
The Grupo Aeroportuario del Centro Norte stock price fell by -0.266% on the last day (Friday, 19th Apr 2024) from $75.30 to $75.10. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 1.14% from a day low at $74.25 to a day high of $75.10. The price has fallen in 10 of the last 10 days and is down by -11.91% 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 -13 thousand shares and in total, 13 thousand shares were bought and sold for approximately $955.35 thousand.
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 8.75% during the next 3 months and, with a 90% probability hold a price between $76.15 and $93.93 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 $77.70. On a fall, the stock will find some support from the long-term average at approximately $74.88. 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. 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 -11.91%. 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.
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.85 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: $70.46 (-6.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (OMAB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Grupo Aeroportuario del Centro Norte S.A.B. de C.V. to open at $74.82, and during the day (based on 14 day Average True Range), to move between $73.05 and $77.15, which gives a possible trading interval of +/-$2.05 (+/-2.73%) 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 5.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $74.81 (0.39%) than the resistance at $77.31 (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grupo Aeroportuario del Centro Norte stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.505 Buy Candidate Upgraded
Predicted Opening Price for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$74.82 ( 0.377%) | $75.10 |
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 | 75.67 | 0.755 % | |
R2 | 75.34 | 0.322 % | ||
R1 | 75.14 | 0.0551 % | ||
Current price: | 75.10 | |||
Support | S1 | 74.49 | -0.81 % | |
S2 | 74.29 | -1.08 % | ||
S3 | 73.97 | -1.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 83.99 | 11.84 % | |
R2 | 82.97 | 10.48 % | ||
R1 | 77.31 | 2.94 % | ||
Current price | 75.10 | |||
Support | S1 | 74.81 | -0.386% | |
S2 | 71.24 | -5.14% | ||
S3 | 71.10 | -5.33% |
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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