Nel ASA shares started the week with a dramatic fall, closing Tuesday at 8.20 Norwegian Kroner, down by -17.2%. The results for the current month are even more disappointing; the share has lost almost a third of its value, or -29.2%. The psychologically important target of 10 NOK could not be maintained. The share price is in free fall, and it seems that the bears have the wheel firmly in their hands.
- Price: 8.20 NOK
- Monthly change: -29.2%
- 200-day moving average (GD200): 13.88 NOK (falling)
Technical indicators: Dark clouds on the horizon
The 200-day line (GD200), often used as an indicator of long-term trends, is falling and is at 13.88 NOK . This is a clear sell signal. Moreover, the Nel ASA share price is well below the GD200, which reinforces the negative outlook for the stock. At the support level, the focus is on the price area of about 7.20 NOK and further down at about 5.70 NOK.
Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Nel ASA?
Should investors sell immediately? Or is it worth investing in Nel Asa after all?
Timing and investing: patience is required
For investors considering a long-term investment in the Nel ASA share, now is definitely not the right time. Buy signals are not yet in sight. A patient wait is required until the dark clouds have settled and the stock shows clear signs of stabilization or even recovery.
Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Nel ASA?
Not for the faint-hearted
In conclusion, the situation with the Nel ASA share is extremely precarious. The bears dominate the playing field, and there is no turnaround in sight. For risk-averse investors, this stock is currently a hot potato that is better left untouched. Even for the risk-seeking investors, the following applies: Without clear buy signals, an engagement is highly not advisable.
Buy, hold, or sell? – Your Nel Asa analysis of 27/09 provides the answer:
What are the prospects for Nel Asa´s development? Is this stock a safe investment for your money?
The answers to these questions and why you need to act now can be found in the current analysis of Nel Asa stock.
Autor
Kaufen, halten oder verkaufen - Ihre Nel ASA-Analyse von 10.11. liefert die Antwort:
Wie wird sich Nel ASA jetzt weiter entwickeln? Ist ihr Geld in dieser Aktie sicher? Die Antworten auf diese Fragen und warum Sie jetzt handeln müssen, erfahren Sie in der aktuellen Analyse zur Nel ASA Aktie
