Network International Holdings Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Network International Holdings Plc stock downgraded after the last trading session.
(Updated on May 09, 2024)
No changes to the price of Network International Holdings Plc stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £392.60 to a day high of £392.60. The price has fallen in 5 of the last 10 days and is down by -0.3% for this period.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £392.29 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 3.24% during the next 3 months and, with a 90% probability hold a price between £405.01 and £409.56 at the end of this 3-month period.
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NETW.L Signals & Forecast
There are few to no technical positive signals at the moment. The Network International Holdings Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £392.77 and £392.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -0.406%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Network International Holdings Plc stock
Network International Holdings Plc finds support from accumulated volume at £386.00 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 £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.255%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NETW.L) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Network International Holdings Plc to open at £392.60, and during the day (based on 14 day Average True Range), to move between £391.55 and £393.65, which gives a possible trading interval of +/-£1.05 (+/-0.27%) up or down from last closing price. If Network International Holdings Plc takes out the full calculated possible swing range there will be an estimated 0.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £393.20 (0.15%) than the support at £386.00 (1.68%), 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 Network International Holdings Plc stock A Buy?
The Network International Holdings Plc stock holds several negative signals and despite the positive trend, we believe Network International Holdings Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.162 Sell Candidate Downgraded
Predicted Opening Price for Network International Holdings Plc of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| £392.60 ( 0.00000000%) | £392.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NETW.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 392.60 | 0.00000000 % | |
| R2 | 392.60 | 0.00000000 % | ||
| R1 | 392.60 | 0.00000000 % | ||
| Current price: | 392.60 | |||
| Support | S1 | 392.60 | 0.00000000 % | |
| S2 | 392.60 | 0.00000000 % | ||
| S3 | 392.60 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 394.00 | 0.357 % | |
| R2 | 393.80 | 0.306 % | ||
| R1 | 393.20 | 0.153 % | ||
| Current price | 392.60 | |||
| Support | S1 | 386.00 | -1.68% | |
| S2 | 384.60 | -2.04% | ||
| S3 | 382.40 | -2.60% |
NETW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 09, 2020 | May 07, 2020 | May 28, 2020 | £3.10 | 0.661% |
FAQ
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