Spar Nord Bank A/S Stock Forecast

Spar Nord Bank A/S stock price up 1.30% on Monday
(Updated on May 13, 2024)

SPNO.CO Signals & Forecast

The Spar Nord Bank A/S 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 kr125.03. On a fall, the stock will find some support from the long-term average at approximately kr120.80. 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 Thursday, May 02, 2024, and so far it has fallen -2.19%. 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 Spar Nord Bank A/S stock

Spar Nord Bank A/S finds support from accumulated volume at kr122.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr1.40 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 2.64%.

Our recommended stop-loss: kr119.28 (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (SPNO.CO) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Spar Nord Bank A/S to open at kr124.67, and during the day (based on 14 day Average True Range), to move between kr122.05 and kr127.95, which gives a possible trading interval of +/-kr2.95 (+/-2.36%) up or down from last closing price. If Spar Nord Bank A/S takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr126.40 (1.12%) than the support at kr122.80 (1.76%), 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.

Is Spar Nord Bank A/S 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 Spar Nord Bank A/S stock to perform well in the short-term.

Current score: 1.266 Buy Candidate Unchanged

Predicted Opening Price for Spar Nord Bank A/S of Tuesday, May 14, 2024

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