National Presto Industries Inc Stock Forecast
National Presto Industries Inc stock price up 0.553% on Wednesday
(Updated on Mar 27, 2024)
The National Presto Industries Inc stock price gained 0.553% on the last trading day (Wednesday, 27th Mar 2024), rising from $81.41 to $81.86. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.38% from a day low at $81.06 to a day high of $82.18. The price has risen in 7 of the last 10 days and is up by 7.01% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 28 thousand shares were bought and sold for approximately $2.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $78.36, a level that may pose a second chance to hit a runner. According to fan-theory $83.73 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NPK Signals & Forecast
The National Presto Industries Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $79.92 and $77.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 9.64%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for National Presto Industries Inc stock
National Presto Industries Inc finds support from accumulated volume at $80.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.12 between high and low, or 1.38%. For the last week, the stock has had daily average volatility of 1.50%.
The National Presto Industries Inc stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $78.45 (-4.17%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (NPK) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect National Presto Industries Inc to open at $81.70, and during the day (based on 14 day Average True Range), to move between $80.34 and $83.38, which gives a possible trading interval of +/-$1.52 (+/-1.86%) up or down from last closing price. If National Presto Industries Inc takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $82.69 (1.01%) than the support at $80.28 (1.93%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is National Presto Industries Inc stock A Buy?
National Presto Industries Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.118 Hold/Accumulate Unchanged
Predicted Opening Price for National Presto Industries Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$81.70 ( 0.195%) | $81.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NPK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.82 | 1.17 % | |
R2 | 82.39 | 0.650 % | ||
R1 | 82.13 | 0.327 % | ||
Current price: | 81.86 | |||
Support | S1 | 81.27 | -0.718 % | |
S2 | 81.01 | -1.04 % | ||
S3 | 80.58 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 83.19 | 1.62 % | |
R2 | 82.99 | 1.38 % | ||
R1 | 82.69 | 1.01 % | ||
Current price | 81.86 | |||
Support | S1 | 80.28 | -1.93% | |
S2 | 79.53 | -2.85% | ||
S3 | 79.03 | -3.46% |
NPK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 16, 2024 | Feb 29, 2024 | Mar 15, 2024 | $1.00 | 1.31% |
2 | Feb 17, 2023 | Feb 28, 2023 | Mar 15, 2023 | $4.00 | 5.37% |
3 | Feb 11, 2022 | Feb 28, 2022 | Mar 15, 2022 | $4.50 | 5.65% |
4 | Feb 19, 2021 | Feb 26, 2021 | Mar 12, 2021 | $6.25 | 5.95% |
5 | Jan 22, 2020 | Feb 28, 2020 | Mar 13, 2020 | $6.00 | 7.59% |
FAQ
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