NACCO Industries Inc Stock Forecast
NACCO Industries Inc stock price down 1.30% on Friday
(Updated on Apr 26, 2024)
The NACCO Industries Inc stock price fell by -1.30% on the last day (Friday, 26th Apr 2024) from $28.52 to $28.15. During the last trading day the stock fluctuated 0.750% from a day low at $28.00 to a day high of $28.21. The price has fallen in 5 of the last 10 days and is down by -0.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 6 thousand shares were bought and sold for approximately $175.23 thousand.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $28.36 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -25.89% during the next 3 months and, with a 90% probability hold a price between $19.46 and $21.02 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.48%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NACCO Industries Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.31 and $28.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for NACCO Industries Inc stock
NACCO Industries Inc finds support from accumulated volume at $27.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.210 between high and low, or 0.750%. For the last week the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect NACCO Industries Inc to open at $28.12, and during the day (based on 14 day Average True Range), to move between $27.34 and $28.96, which gives a possible trading interval of +/-$0.81 (+/-2.87%) up or down from last closing price. If NACCO Industries Inc takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.96 (0.67%) than the resistance at $28.64 (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NACCO Industries Inc stock A Buy?
NACCO Industries Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.386 Sell Candidate Unchanged
Predicted Opening Price for NACCO Industries Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $28.12 ( 0.107%) | $28.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.33 | 0.639 % | |
| R2 | 28.25 | 0.354 % | ||
| R1 | 28.20 | 0.178 % | ||
| Current price: | 28.15 | |||
| Support | S1 | 28.04 | -0.392 % | |
| S2 | 27.99 | -0.568 % | ||
| S3 | 27.91 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.44 | 8.13 % | |
| R2 | 28.83 | 2.42 % | ||
| R1 | 28.64 | 1.74 % | ||
| Current price | 28.15 | |||
| Support | S1 | 27.96 | -0.675% | |
| S2 | 27.95 | -0.710% | ||
| S3 | 27.74 | -1.46% |
NC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.218 | 0.754% |
| 2 | Nov 07, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.218 | 0.631% |
| 3 | Aug 24, 2023 | Sep 01, 2023 | Sep 15, 2023 | $0.220 | 0.671% |
| 4 | May 18, 2023 | May 30, 2023 | Jun 15, 2023 | $0.218 | 0.622% |
| 5 | Feb 22, 2023 | Mar 06, 2023 | Mar 15, 2023 | $0.208 | 0.647% |
FAQ
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