Key stats
About NEDBANK GROUP LTD
Sector
Finance
Industry
Regional Banks
CEO
Michael William Thomas Brown
Website
nedbank.co.za
Headquarters
Sandton
Employees
26.48K
Founded
1831
ISIN
ZAE000004875
Nedbank Group Ltd. is a bank holding company, which engages in the provision of financial services through its banking subsidiary, Nedbank Ltd. It operates through the following business segments: Corporate and Investment Banking, Retail and Business Banking, Wealth, Centre, and Africa Regions. The Corporate and Investment Banking segment offers a spectrum of transactional, corporate, investment banking, and market solutions. The Retail and Business Banking segment includes banking assurance products and services, as well as transactional accounts, home loans, vehicle and asset finance, cards, personal loans, and investments. The Wealth segment provides a range of financial services through three divisions of wealth management, asset management, and insurance. The Centre segment consists of various support services. The Africa Regions segment is responsible for the group's banking operations and expansion activities on the rest of the African continent and has client-facing subsidiaries in Eswatini, Lesotho, Namibia, Mozambique, and Zimbabwe. The company was founded in 1831 and is headquartered in Sandton, South Africa.
NEDBANK - Follow the TrendPrice has had a successful test of a trendline zone.
Next hurdle zone remains R212-R217 but if cleared, we could see a move back to swing highs.
Bulls in control while price remains above the rising 200dma.
TP and SL on the chart.
NED SJ - Top of channel rangeWorth keeping an eye on NED as it approaches the top of its 1 year consolidation channel range.
Difficult to imagine it breaking out given the weak SA backdrop but maybe the latest results, share buyback and massive corporate renewable energy loan advances will be enough to trigger the breakout.
NED confluence support R220.00NED is trading in a tight bullish flag box after breaking above the big R225 resistance back in January
next resistance target comes in at R251.00
Banks vs Top 40As noted a few weeks ago, the 61.8% FIB was a key level as a relative support zone for the Banks vs the Top 40.
Standard Bank t/statement really giving the sector a boost today.
For more research insights, including trade ideas, get in touch today.
Nice round bottom breakout on NedbankNice round bottom break out on Nedbank. with R251 target and a 223 stop providing a 2:1 R:R ratio.
Bank seem to be having a good day
Nedbank GroupJSE:NED - key ST levels for the share:
Also note, the share is below the 200-day which is starting to act as a resistance zone .
Levels derived from my 'Price Action Guide'.
NEDBANK - Key downtrend resistancePrice has reached a down trending line of resistance.
Expecting some cooling off here to allow the 20ema to catchup.
Oscillators in overbought territory.
Strong breakout on NEDFinancials looking to lead the santa rally. generally rising interest rates are helo the banks. Nice strong breat to test the highs. Not heavily impressed with the R:R thoguh
NEDBANK - Long IDEAMarkets are expected to experience a relief rally.
Stochastics turning up from oversold. A close above the 20ema (orange line) will add conviction to the trade.
TP & SL on the chart.
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
Gain new superpowers
Take your analysis to the next level with our full suite of features, known and used by millions throughout the trading world.Learn moreCurated watchlists where NED is featured.
