North Atlantic Drilling Ltd Fund Forecast
Big movements in North Atlantic Drilling Ltd fund price on Friday moving 11.01% between high and low
(Updated on Oct 13, 2017)
No changes to the price of North Atlantic Drilling Ltd fund on the last trading day (Friday, 13th Oct 2017). During the last trading day the fund fluctuated 11.01% from a day low at $1.09 to a day high of $1.21. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies the upper part of a very 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 $1.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the fund is expected to fall -35.31% during the next 3 months and, with a 90% probability hold a price between $0.472 and $0.783 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.
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NADL Signals & Forecast
There are mixed signals in the fund today. The North Atlantic Drilling Ltd fund 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 $1.12 and $1.19. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, September 12, 2017, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the fund should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for North Atlantic Drilling Ltd fund
North Atlantic Drilling Ltd finds support from accumulated volume at $1.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.120 between high and low, or 11.01%. For the last week the fund has had daily average volatility of 11.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NADL) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect North Atlantic Drilling Ltd to open at $1.14, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.24, which gives a possible trading interval of +/-$0.118 (+/-10.56%) up or down from last closing price. If North Atlantic Drilling Ltd takes out the full calculated possible swing range there will be an estimated 21.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.09 (2.68%) than the resistance at $1.18 (5.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is North Atlantic Drilling Ltd fund A Buy?
North Atlantic Drilling Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -1.300 Sell Candidate Unchanged
Predicted Opening Price for North Atlantic Drilling Ltd of Monday, October 16, 2017
| Fair opening price October 16, 2017 | Current price |
|---|---|
| $1.14 ( 1.79%) | $1.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NADL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.26 | 12.50 % | |
| R2 | 1.21 | 8.41 % | ||
| R1 | 1.19 | 5.88 % | ||
| Current price: | 1.12 | |||
| Support | S1 | 1.09 | -2.31 % | |
| S2 | 1.07 | -4.84 % | ||
| S3 | 1.02 | -8.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.39 | 24.11 % | |
| R2 | 1.38 | 23.21 % | ||
| R1 | 1.18 | 5.36 % | ||
| Current price | 1.12 | |||
| Support | S1 | 1.09 | -2.68% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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