National Bank of Greece (NBG) - Comprehensive Analysis
In one week from today, the annual general meeting of the shareholders of the National Bank of Greece (NBG) will convene, where, among other matters, they will decide on the distribution of a dividend for the first time in nearly 15 years, amounting to €0.37 (€0.36 net).
NBG is currently attracting investment interest for two main reasons:
Dividend Distribution: Investors are buying the stock to ensure they receive the dividend.
Upcoming Privatization: The privatization is scheduled for the fall.
There is a belief that the stock will recover from the dividend cut-off, as the placement for the remaining 18.39% held by the Hellenic Financial Stability Fund (HFSF) will not take place below €8.
This is considered a safe bet, especially as recent analyses predict the stock price could rise even above €10.
Axia: Raises the target price for the stock to €10.50 from €8.80 previously.
UBS: Boosts the target price to €11.
The analysis of technical indicators and financial data of the National Bank of Greece presents a positive outlook for the current and future trajectory of the stock.
Technical Analysis
Price:
The current price is €8.186. The price has broken above the Fibonacci 0.618 level at €8.124, indicating upward momentum.
Moving Averages (EMA):
EMA 20: €7.967
EMA 50: €7.962
EMA 100: €7.912
EMA 200: €7.653
EMA 20 (€7.968): The price is above the 20-day EMA, indicating short-term upward momentum.
EMA 50 (€7.962): The price is above the 50-day EMA, indicating medium-term upward momentum.
EMA 100 (€7.912): The price is above the 100-day EMA, indicating long-term upward momentum.
EMA 200 (€7.653): The price is above the 200-day EMA, indicating strong overall upward momentum.
Relative Strength Index (RSI):
RSI (14): 64.14, indicating that the stock is in the bullish zone but not yet overbought.
MACD:
Histogram: 0.0244 (positive, indicating upward momentum)
MACD: 0.0325 (MACD line is above the signal line, indicating an upward trend)
Signal: 0.0080
Pivot Points
Support Levels:
S1: €7.778
S2: €7.610
S3: €7.464
Resistance Levels:
R1: €8.128
R2: €8.270
R3: €8.418
Central Pivot Point:
P: €7.940
The price is above the central pivot point (P: €7.940), indicating an upward trend. The price is approaching the first resistance level (R1: €8.128) and has the potential to test higher resistance levels (R2: €8.270 and R3: €8.418).
Conclusion Pivot Points:
Upward Trend: The current price is above the central pivot point, indicating an upward trend in the market.
Support and Resistance Levels:
Immediate support at €7.778 (S1), with further support at €7.610 (S2) and €7.464 (S3) if the price falls.
Immediate resistance at €8.128 (R1), with further resistance at €8.270 (R2) and €8.418 (R3) if the price continues to rise.
Performance Metrics:
1 week: +3.65%
1 month: +4.31%
3 months: +16.47%
6 months: +18.12%
Year to date: +30.17%
1 year: +32.06%
Positive returns for all periods (1 week, 1 month, 3 months, 6 months, year to date, and 1 year) indicate a continuous and steady upward trajectory of the stock. The significant return over the past year (+32.06%) strengthens confidence in its bullish outlook.
Overall Assessment:
Based on the updated technical indicators, the stock of the National Bank of Greece continues to exhibit strong upward momentum.
Specifically:
The stock prices are above all significant moving averages (EMA 20, 50, 100, and 200), indicating a stable upward trend in the short-term, medium-term, and long-term horizons.
The RSI is in a healthy bullish zone (63.90), suggesting that the stock is not overbought and has room for further growth.
The positive MACD histogram and the fact that the MACD line is above the signal line reinforce the stock's bullish outlook.
Conclusion:
The National Bank of Greece appears to be in a solid upward trend based on both technical indicators and financial results. Investors may consider that the stock still has room for growth; however, they should closely monitor technical indicators and financial results to adjust their investment strategies accordingly.
ETE
LONG EUR / USD Weekly we remain buyerSorry for my English:
EUR/USD weekly, after a big drop and a big range area, we started an upward trend. Will it continue? We rebounded in the week on the important area of the 62% of Fibonacci. If we go back to this one and the price comes down 62% and 66%, then the trend will be clearly called into question. Meanwhile, a purchase on the 62% was a good opportunity. We have a downward bevel that formed after what might appear to be a shoulder-sucking shoulder. The downward bevel breaks its resistance more often than its support. If this one were to break his resistance, then the upward trend would still be in place. And the next targets could be 1.14480 and 1.17139.
ETC is ripe for the next run, plus fork on July 13 1:1 free coin4hr chart is showing MACD, Stoch, trendlines, and the ascending triangle all pointing for the next bull run. There were 59 days in between the last bull run in the channel its running in. Tomorrow on July 1 will be 59 days again, and its lining up nicely where a breakout usually happens on a ascending triangle. Top of the channel is at .0029ish.
Im hoping for the old days, where forks with free coins would generate a good bull run. ETC give 1 to 1 give away for ETE Ethereum emerald. Don't forget about coinbase listing ETC soon also.
ETE a good buyETE has been casually dipping it's toe into solid support (green zone aka the go zone). I expect this to rebound strong over the next few weeks. A retest of the $19.75 level would be a good take profit target and longer term i expect a visit to the blue box in the $23 dollar range. This stock also pays a huge dividend and has very good financials, i'm looking to make this a long term holding.
Triangle Time: F/u on ETELast November I posted on ETE 0.65% (see link below) with two options. It has taken the longer option. If price goes < c (15.03) then we may be in for a down turn or longer sideways consolidation. If we get a break up in the shorter turn downtrend line ( daily chart ) then I favor the next longer term advance is likely here and will go long with my stop a close < e. This is a MLP with a K-1 0.89% so I personally only use it in my IRA. Current dividend is .305 cents quarterly. (7.85% yearly at current price). Process your way. I am not an advisor just a person who likes chart patterns. Have a good week.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership that owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP 1.37% ) and Sunoco LP 0.94% (NYSE: SUN). ETE 0.65% also owns Lake Charles LNG 0.15% Company. On a consolidated basis, ETE’s family of companies owns and operates a diverse portfolio of natural gas -1.20% , natural gas -1.20% liquids, crude oil 2.97% and refined products assets, as well as retail and wholesale motor fuel operations and LNG 0.15% terminalling. For more information, visit the Energy Transfer Equity, L.P. website at energytransfer.com.
ETE - Bullish Swing TradeETE has been trading in a channel for over a year now, currently, it is near the bottom of the channel so I am anticipating a bounce higher into the channel.
I entered this trade earlier today. If the trade moves in my favor I will wait for two full days before moving my stop.
ETE: Nice triangle. Extended back and forth consolidation on decreasing volume as often occurs. Not completely sure triangle is complete. There could be one more bounce down. If price in near term goes below "c" then I am wrong.
Recently upgraded to "buy" by Goldman Sachs who gives a target of $23.
seekingalpha.com
ETE Bullish SwingGood Retest gap today. Looking to buy the retest. target 1 is 18.85 with an ultimate target of 19.98
Long ETEKelsey Warren got em' this time. WMB is in trouble in their merger agreement and I think ETE will come out on top with this merger deal.
$18-20 target.
ETE - weekly bullish.On the weekly chart we can see that we are at a very important support / resistance zone. Very strong and decisive candles pushing higher - this suggests insiders and strong hands supporting a bullish continuation.