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$37.59 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

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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 $37.59		Change 0.230(0.62%)		Mkt cap ! $116.2B

Open	High	Low	Value	Volume
$37.29	$37.64	$37.25	$104.9M	2.796M

Buyers (Bids)

No.	Vol.	Price($)
2	7483	$37.53

Sellers (Offers)

Price($)	Vol.	No.
$37.60	1172	2

View Market Depth

No.	Vol.	Price($)
2	7483	37.530
2	603	37.520
2	24131	37.510
3	11474	37.490
1	3461	37.470

Price($)	Vol.	No.
37.600	1172	2
37.640	664	1
37.650	2685	6
37.660	245	1
37.680	15768	4

Last trade - 16.10pm 24/07/2024 (20 minute delay)

NAB (ASX) Chart

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