RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NOA.TO
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North American Construction Group Ltd. stock price up 2.57% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 14, 2024 Loss -1.85% PDF

The North American Construction Group Ltd. stock price gained 2.57% on the last trading day (Wednesday, 27th Mar 2024), rising from $29.96 to $30.73. During the last trading day the stock fluctuated 3.29% from a day low at $29.75 to a day high of $30.73. The price has fallen in 6 of the last 10 days and is down by -9.99% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately $1.34 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.03 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 14.63% during the next 3 months and, with a 90% probability hold a price between $34.43 and $40.90 at the end of this 3-month period.

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NOA.TO Signals & Forecast

North American Construction Group Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The North American Construction Group Ltd. 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 $30.86 and $32.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -10.56%. 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 North American Construction Group Ltd. stock

North American Construction Group Ltd. finds support from accumulated volume at $30.34 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.98 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 2.27%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NOA.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect North American Construction Group Ltd. to open at $30.40, and during the day (based on 14 day Average True Range), to move between $29.92 and $31.54, which gives a possible trading interval of +/-$0.81 (+/-2.64%) up or down from last closing price. If North American Construction Group Ltd. takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.94 (0.68%) than the support at $30.34 (1.27%), 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 North American Construction Group Ltd. stock A Buy?

The North American Construction Group Ltd. stock holds several negative signals and despite the positive trend, we believe North American Construction Group Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.888 Sell Candidate Unchanged

Predicted Opening Price for North American Construction Group Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$30.40 ( 1.06%) $30.73

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

Trading levels for NOA.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 31.38 2.13 %
R2 31.01 0.91 %
R1 30.78 0.155 %
Current price: 30.73
Support S1 30.03 -2.28 %
S2 29.80 -3.03 %
S3 29.42 -4.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 31.46 2.38 %
R2 31.31 1.89 %
R1 30.94 0.683 %
Current price 30.73
Support S1 30.34 -1.27%
S2 30.27 -1.50%
S3 30.23 -1.63%

NOA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Mar 07, 2024 Apr 05, 2024 $0.100 0.325%
2 Nov 29, 2023 Nov 29, 2023 Jan 05, 2024 $0.100 0.358%
3 Jul 26, 2023 Aug 30, 2023 Oct 06, 2023 $0.100 0.339%
4 May 25, 2023 May 25, 2023 Jul 07, 2023 $0.100 0.397%
5 Mar 02, 2023 Mar 02, 2023 Apr 07, 2023 $0.100 0.429%

FAQ

What is the symbol for North American Construction Group Ltd. Stock and on which exchange is it traded?
The symbol for North American Construction Group Ltd. is NOA.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell North American Construction Group Ltd. Stock?
The North American Construction Group Ltd. stock holds several negative signals and despite the positive trend, we believe North American Construction Group Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy North American Construction Group Ltd. Stock?
North American Construction Group Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy North American Construction Group Ltd. Stock.

What's the current price of North American Construction Group Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an North American Construction Group Ltd. (NOA.TO) share was $30.73.

What is the 52-week high and low for North American Construction Group Ltd. Stock?
The 52-week high for North American Construction Group Ltd. Stock is $34.87 and the 52-week low is $21.70.

What is the market capitalization of North American Construction Group Ltd. Stock?
As of the 2024-03-27, the market capitalization of North American Construction Group Ltd. is 821.631M.

When is the next earnings date for North American Construction Group Ltd.?
The upcoming earnings date for North American Construction Group Ltd. is Apr 24, 2024.
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About North American Construction Group Ltd.

North American Construction Group Ltd. North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air s... NOA.TO Profile

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