NORDEA BANK ABP/DR Stock Forecast
NORDEA BANK ABP/DR stock price up 1.25% on Tuesday
(Updated on Jun 25, 2024)
The NORDEA BANK ABP/DR stock price gained 1.25% on the last trading day (Tuesday, 25th Jun 2024), rising from 0.642€ to 0.650€. During the last trading day the stock fluctuated 3.43% from a day low at 0.642€ to a day high of 0.664€. The price has fallen in 5 of the last 10 days and is down by -16.45% for this period. Volume fell on the last day by -4 thousand shares and in total, 50 thousand shares were bought and sold for approximately 32.72€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 0.643€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.88% during the next 3 months and, with a 90% probability hold a price between 0.667€ and 0.84€ at the end of this 3-month period.
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TALLINK.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.25%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NORDEA BANK ABP/DR stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 0.695€ and 0.743€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NORDEA BANK ABP/DR stock
NORDEA BANK ABP/DR finds support from accumulated volume at 0.642€ 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 0.0220€ between high and low, or 3.43%. For the last week the stock has had daily average volatility of 5.84%.
NORDEA BANK ABP/DR is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TALLINK.HE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect NORDEA BANK ABP/DR to open at 0.652€, and during the day (based on 14 day Average True Range), to move between 0.623€ and 0.677€, which gives a possible trading interval of +/-0.0265€ (+/-4.08%) up or down from last closing price. If NORDEA BANK ABP/DR takes out the full calculated possible swing range there will be an estimated 8.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.642€ (1.23%) than the resistance at 0.710€ (9.23%), 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
NORDEA BANK ABP/DR will release earnings BMO on Wednesday, July 03, 2024. We will update the financials statements for NORDEA BANK ABP/DR, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.57% in the first trading day after earnings release.
Is NORDEA BANK ABP/DR stock A Buy?
The NORDEA BANK ABP/DR stock holds several negative signals and despite the positive trend, we believe NORDEA BANK ABP/DR will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.547 Sell Candidate Unchanged
Predicted Opening Price for NORDEA BANK ABP/DR of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 0.652€ ( 0.308%) | 0.650€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TALLINK.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.674 | 3.69% |
| R2 | 0.666 | 2.40% |
| R1 | 0.660 | 1.60% |
| Price | 0.650 | |
| S1 | 0.644 | -0.99% |
| S2 | 0.638 | -1.78% |
| S3 | 0.630 | -3.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.768 | 18.15% |
| R2 | 0.750 | 15.38% |
| R1 | 0.710 | 9.23% |
| Price | 0.650 | |
| S1 | 0.642 | -1.23% |
| S2 | 0 | - |
| S3 | 0 | - |
TALLINK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jul 03, 2024 | 0.0600€ | 9.12% |
| 2 | Jun 19, 2019 | Jun 19, 2019 | Jul 03, 2019 | 0.117€ | 12.24% |
FAQ
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