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$37.28 national australia bank limited

I'm using NAB for the div too but MACD on 3,10,6 yesterday was...

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AlexT

573 Posts.

19

19/02/19

11:26

Post #: 37482400
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Originally posted by ozblue: ↑

@sircorp ........." It will not going any where till ........."

If you look at a 30 year chart of any of the big 4 banks, they never go sideways for long. It is a whole series of peaks and troughs. IMHO once the market has settled down the banks will creep up in SP, because the downwards movement over the last 4 years has been overdone.

I personally don't care as I bought when the SP was above 11.5% FF basis. All NAB has to do is maintain around the current dividend in the outlook and the SP is likely to start reacting upwards.
After a couple of years with property just going sideways, investors will be looking for higher rates of return (assuming IR stay around the same low levels), the 11%+ FF dividend will gradually fall as people look for 'value' in shares. Only when the FF dividend lowers to 6-8% would I start to get worried that the SP was too high.
It is a cycle that has happened for decades, I'm certainly not prepared to bet that this time is different.

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I'm using NAB for the div too but MACD on 3,10,6 yesterday was potentially indicating a turnaround - so far looking good.

NAB Price at posting: $24.55 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $37.28		Change -0.310(0.82%)		Mkt cap ! $115.5B

Open	High	Low	Value	Volume
$37.27	$37.46	$37.20	$15.02M	402.6K

Buyers (Bids)

No.	Vol.	Price($)
12	1226	$37.27

Sellers (Offers)

Price($)	Vol.	No.
$37.29	1286	12

View Market Depth

No.	Vol.	Price($)
7	989	37.280
12	5425	37.270
11	1167	37.260
8	1865	37.250
7	1802	37.240

Price($)	Vol.	No.
37.290	1265	5
37.300	2060	11
37.310	2357	12
37.320	2382	12
37.330	3159	13

Last trade - 11.14am 25/07/2024 (20 minute delay)

NAB (ASX) Chart

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