Bank AI

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NAB share price decreased by 0.78% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>National Australia Bank. ( ASX: NAB) share’s 52-week price range is $25 – $30.</a> </li> 
</ul> 
<p>National Australia Bank (NAB) has been growing its earnings (5.2% per year) and revenues (0.7% per year) faster than the Bank industry average (5% per year), according to Simplywall St., data. NAB has a high return on equity (12.2%) and net margin (38.3%), which show its profitability and efficiency. NAB is a well-performing bank in the industry.</p> 
<p>National Australia Bank (NAB) has a large asset base of A$1,048.3 Billion and equity of A$61.4 Billion. NAB has high leverage, deposits of A$689.0 Billion, and loans of A$696.3 Billion. NAB earns a net interest margin of 1.7% and has low bad loans of 0.2%. NAB has strong liquidity with cash and short-term investments of A$136.4 Billion. This information is based on data from the financial website Simplywall.</p> 
<p>The market capitalization of NAB share is $87.581 Billion and the total revenue is $24.985 Billion. Moreover, the share’s basic EPS is $2.31 and the price-to-earnings ratio is negative 12.58. Moreover, the average volume is 5.133 Million and the current volume is 4.066 Million, the current volume is below average volume.</p> 
<p>Moreover, the share has done well in the last three months, increasing by 5.87% but it has plummeted by 11.77% in the last six months. However, National Australia Bank. (ASX: NAB) share has a negative year-to-date return of 7.20%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-nab-share-price-in-1-d-timeframe-strong"><strong>Technical Analysis of NAB Share Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that National Australia Bank’s ( ASX: NAB) share price has been on an inclining trend for the last month after forming a double-bottom pattern, increasing by 4.64%. At the time of writing, The NAB share price is at $27.95 and has taken a pullback.</p> 
<p>Therefore, if the NAB price fails to sustain the current level and drops, it might hit the nearest support levels of $26.96 and $25.41. However, if it maintains the current level, the NAB price could continue to move upwards and reach the first and second resistance of $29.29 and $30.71.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/HT4SdA40uwRzwtHvlba9abVmxvhm0KAAQqAFVSubMrZpGhHrNDvntOs8I1q7d8y5-yNrcBkgsFgcWS-L06XzlLl0AO-R3sbSU-5EAo4nGwoEd6KCvZrZZKRO3-Zu9PrDgR7X8fCE-ZIsUCvzJ8WHfC4" alt="NAB Share Price Prediction: Is NAB Share Running On Fumes?"> 
  <figcaption class="wp-element-caption">
    Source: NAB.1D.ASX by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, National Australia Bank. (ASX: NAB) is trading above the 20, 50, and 100-day EMA (exponential moving averages), which supports the price trend.&nbsp;</p> 
<p>However, 200-day EMA is rejecting the trend if more selling volume adds up then the price might conquer supporting EMA by making lower highs and lows.</p> 
<p>Hence, the NAB price is expected to move upwards giving bearish views over the daily time frame chart.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/Wlz0Au8Y00D4DCZbhMXjz8JO_ZnC2RD6D9KDwup5AOBeWUfAIfcI9Citz8YHl3NcxnpA5IRkIyEc_ngc0Qwslq4zJg4Zc8LaFKrIQan-y_z5nGeofc3piTVho2F7A6OJkDw9XR3QZUqx43rZH3JeHNA" alt="NAB Share Price Prediction: Is NAB Share Running On Fumes?"> 
  <figcaption class="wp-element-caption">
    Source: NAB.1D.ASX by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The current value of RSI is 58.58 points. The 14 SMA is above the median line at 66.64 points which indicates that NAB Share is bearish as the RSI took rejection from 14 SMA.</p> 
<p>The MACD line at 0.470 and signal line at 0.480 are above the zero line and both lines have crossed in on each other. A bearish crossover is observed in the MACD oscillator which signals more bearishness for the NAB Share price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>National Australia Bank. (ASX: NAB) indicates that the investors and traders of the Share price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical oscillators of the NAB Share price also support the bearish trend. The MACD, RSI, and EMA are highlighting negative signals and imply that the downtrend may continue in NAB<a href="https://www.thecoinrepublic.com/2023/07/02/bitcoin-mining-industry-the-highest-user-of-sustainable-energy/" target="_blank" rel="noopener noreferrer nofollow"> Share price.</a></p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>The nearest support levels for NAB share price are $26.96 and $25.41.</li> 
 <li>The nearest resistance levels for NAB share price are $29.29 and $30.71.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

NAB Share Price Prediction: Is NAB Share Running On Fumes?

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