Banque nationale de Belgique SA Stock Forecast
Green day on Wednesday for Banque nationale de Belgique SA
(Updated on Apr 17, 2024)
The Banque nationale de Belgique SA stock price gained 1.26% on the last trading day (Wednesday, 17th Apr 2024), rising from 475.00€ to 481.00€. During the last trading day the stock fluctuated 3.22% from a day low at 466.00€ to a day high of 481.00€. The price has fallen in 5 of the last 10 days but is still up by 1.05% over the past 2 weeks. Volume fell on the last day by -16 shares and in total, 59 shares were bought and sold for approximately 28.38€ 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 487.22€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.42% during the next 3 months and, with a 90% probability hold a price between 388.13€ and 455.95€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BNB.BB Signals & Forecast
The Banque nationale de Belgique SA 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 483.43€. On a fall, the stock will find some support from the long-term average at approximately 467.77€. 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 Monday, March 18, 2024, and so far it has fallen -3.41%. 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 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 Banque nationale de Belgique SA stock
Banque nationale de Belgique SA finds support from accumulated volume at 479.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 15.00€ between high and low, or 3.22%. For the last week the stock has had daily average volatility of 2.02%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNB.BB) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Banque nationale de Belgique SA to open at 476.00€, and during the day (based on 14 day Average True Range), to move between 467.92€ and 494.08€, which gives a possible trading interval of +/-13.08€ (+/-2.72%) up or down from last closing price. If Banque nationale de Belgique SA takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 479.00€ (0.42%) than the resistance at 490.00€ (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Banque nationale de Belgique SA stock A Buy?
Banque nationale de Belgique SA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.101 Sell Candidate Unchanged
Predicted Opening Price for Banque nationale de Belgique SA of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
476.00€ ( 1.04%) | 481.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNB.BB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 491.00 | 2.08 % | |
R2 | 485.27 | 0.89 % | ||
R1 | 481.73 | 0.152 % | ||
Current price: | 481.00 | |||
Support | S1 | 470.27 | -2.23 % | |
S2 | 466.73 | -2.97 % | ||
S3 | 461.00 | -4.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 514.00 | 6.86 % | |
R2 | 494.00 | 2.70 % | ||
R1 | 490.00 | 1.87 % | ||
Current price | 481.00 | |||
Support | S1 | 479.00 | -0.416% | |
S2 | 470.00 | -2.29% | ||
S3 | 460.00 | -4.37% |
BNB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2024 | May 23, 2024 | May 27, 2024 | 1.05€ | 0% |
2 | May 17, 2023 | May 17, 2023 | May 17, 2023 | 1.50€ | 0% |
3 | May 18, 2022 | May 18, 2022 | May 18, 2022 | 138.04€ | 0% |
4 | May 19, 2021 | May 19, 2021 | May 19, 2021 | 105.77€ | 0% |
5 | Apr 20, 2020 | May 20, 2020 | May 22, 2020 | 122.57€ | 0% |
FAQ
Click here for our free guide on how to buy Banque nationale de Belgique SA Stock.