Novotek AB Stock Forecast
Novotek AB stock price ended at kr65.60 on Thursday, after gaining 1.39%.
(Updated on Mar 28, 2024)
The Novotek AB stock price gained 1.39% on the last trading day (Thursday, 28th Mar 2024), rising from kr64.70 to kr65.60. During the last trading day the stock fluctuated 3.92% from a day low at kr63.70 to a day high of kr66.20. The price has fallen in 6 of the last 10 days. Volume fell on the last day by -2 thousand shares and in total, 294 shares were bought and sold for approximately kr19.29 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 38.24% during the next 3 months and, with a 90% probability hold a price between kr83.00 and kr95.86 at the end of this 3-month period.
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NTEK-B.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -1.50%. 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. The Novotek AB stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr64.26 and kr60.94. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Novotek AB stock
Novotek AB finds support from accumulated volume at kr65.40 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 kr2.50 between high and low, or 3.92%. For the last week the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: kr63.19 (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (NTEK-B.ST) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Novotek AB to open at kr65.17, and during the day (based on 14 day Average True Range), to move between kr63.16 and kr68.04, which gives a possible trading interval of +/-kr2.44 (+/-3.73%) up or down from last closing price. If Novotek AB takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr65.40 (0.30%) than the resistance at kr66.00 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Novotek AB stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Novotek AB stock to perform well in the short-term.
Current score: 1.300 Buy Candidate Unchanged
Predicted Opening Price for Novotek AB of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
kr65.17 ( 0.661%) | kr65.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTEK-B.ST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 67.67 | 3.15 % | |
R2 | 66.71 | 1.69 % | ||
R1 | 66.12 | 0.795 % | ||
Current price: | 65.60 | |||
Support | S1 | 64.21 | -2.12 % | |
S2 | 63.62 | -3.02 % | ||
S3 | 62.67 | -4.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 66.60 | 1.52 % | ||
R1 | 66.00 | 0.610 % | ||
Current price | 65.60 | |||
Support | S1 | 65.40 | -0.305% | |
S2 | 55.50 | -15.40% | ||
S3 | 50.60 | -22.87% |
NTEK-B Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 07, 2024 | May 14, 2024 | kr1.65 | 2.52% |
2 | May 09, 2023 | May 09, 2023 | May 09, 2023 | kr1.50 | 2.88% |
3 | May 11, 2022 | May 11, 2022 | May 11, 2022 | kr1.50 | 2.53% |
4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr0.750 | 1.45% |
5 | May 08, 2020 | May 08, 2020 | May 08, 2020 | kr0.750 | 2.55% |
FAQ
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