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Takip Edin: @UscMarketsNHYDY Stock Forecast & Norsk Hydro ASA Chart Analysis
This article provides a detailed analysis of NHYDY-Norsk Hydro ASA stock including a forecast for NHYDY shares. It features Norsk Hydro ASA technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
NHYDY Historical Data Review
NHYDY Current Price Performance Analysis
The Norsk Hydro ASA - NHYDY stock traded on the American stock market, on 06-05-2024, closed at 6.38$ with a %-2.60 decreased compared to the previous day.
In the last month, the price of NHYDY changed by %-1.54 decreased in value, from 6.48 dollars on 05-06-2024 to 6.38 dollars, decreased.
Last year, the price of NHYDY was 6.15 dollars on 06-06-2023, and changed by %3.74 increased in value, to 6.38 dollars increased within a year.
The price of Norsk Hydro ASA stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
NHYDY with AI Stock Forecast & Price Target
On the NHYDY chart Norsk Hydro ASA price was recorded as 6.38 Dollars on 06/05/2024.
The artificial intelligence's forecast on NHYDY stock is as follows.
The artificial intelligence's prediction error margin for NHYDY stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Norsk Hydro ASA stock over the next 4 months is: 5.4 Dollars.
The commentary on NHYDY stock Target Price: Highest: 6.305 Dollars is predicted.
The commentary on NHYDY stock Target Price: Lowest: 4.392 Dollars is predicted.
Resistance Price where Norsk Hydro ASA stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-15-2024 | 6.305 |
| 09-13-2024 | 5.975 |
| 11-22-2024 | 5.072 |
| 01-06-2025 | 5.087 |
| 02-20-2025 | 5.231 |
Support Price where Norsk Hydro ASA stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 5.887 |
| 10-28-2024 | 4.926 |
| 01-21-2025 | 5.062 |
| 04-01-2025 | 4.392 |
The commentary on NHYDY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Norsk Hydro ASA stock by the end of 2024 is predicted to be 5.038 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on NHYDY stock, and the 2024 target price predictions for Norsk Hydro ASA are detailed above.
The technical analysis and charts for the commentary on NHYDY stock are below.
NHYDY Support & Resistance and Trend Analysis
NHYDY stock you have reviewed the technical analysis support resistance charts regarding.
NHYDY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the NHYDY review, the Norsk Hydro ASA support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Norsk Hydro ASA Support and Resistance Prices:
| NHYDY Support Level Price | NHYDY Resistance Level Price |
|---|---|
| 5.08 | 6.07 |
| 5.33 | 6.08 |
| 5.52 | 6.43 |
| 5.54 | 6.57 |
| 5.59 | 6.70 |
| 5.75 | 6.73 |
| 6.98 |
NHYDY Technical Analysis: SMA, RSI, MACD
Upon reviewing the NHYDY chart, buy and sell signals have been generated in the Norsk Hydro ASA technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for NHYDY stock are as follows:- The technical analysis for NHYDY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Norsk Hydro ASA indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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