NED Approaching support zone from previous consolidation zone. Potential entry area for a value play into the SA banking sector
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1.92 USD
926.63 M USD
8.79 B USD
About Nedbank Group
Sector
Industry
CEO
Jason Patrick Quinn
Website
Headquarters
Sandton
Founded
1831
ISIN
US63975K1043
FIGI
BBG000BL4899
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.
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NEDBANK south Africa chartThe chart herein shows how the NEDBank stock analysis.....
I expect the stock to keep rising to the top. I will thereafter relook at the chart once we hit the top.
Kindly also check teir financials from website
Good luck
Our opinion on the current state of NEDBANK(NED)Nedbank (NED) is the smallest of South Africa's five big banks with a client base of just over 8 million. It has (10-10-18) separated from Old Mutual (which is busy selling its remaining stake). In its results for the year to 31st December 2023, the company reported revenue up 11% and headline earni
$JSENED - Nedbank: The BreakoutSee link below for previous analysis.
Nedbank has finally broken out of a two year consolidation-continuation pattern.
The stock looks set to have its second consecutive weekly close above the resistance line.
The breakout has been on average volume but is valid nonetheless.
I will maintain a bull
Our opinion on the current state of NEDNedbank, recognized as the smallest of South Africa's five major banking institutions, boasts a client base exceeding 8 million individuals. Following its separation from Old Mutual on 10th October 2018, which included the latter selling its remaining stake, Nedbank has continued to carve out a dist
$JSENED - Nedbank: Still Consolidating SidewaysSee link below for previous update.
Nothing much has changed, price still contained in what looks like a contracting triangle.
I remain neutral as to the direction of the breakout so I will sit on my hands for now.
NEDBANK - Great performance!The stock has continued to fetch prices since the R195 major support (double bottom) posted in the idea below. We at the top of a channel and major resistance just above at R236. As always, price action will be key to see if the momentum is likely to continue.
NEDNedbank Group Ltd (NED) - Multi-month base with a pivot of 21800c, targeting upside of 23800c (or thereabout). Risk below 20600c.
NEDBANK -- Double Bottom?Price has formed a decent looking double bottom at a key support zone.
We closed above the 20ema daily yesterday so I'll be looking for a continuation today to target
initially R205.50 then R208.50
A daily close below R194 invalidates the idea.
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