Northern Trust Corporation Stock Forecast
Northern Trust Corporation stock price ended at $86.45 on Wednesday, after gaining 0.197%.
(Updated on May 15, 2024)
The Northern Trust Corporation stock price gained 0.197% on the last trading day (Wednesday, 15th May 2024), rising from $86.28 to $86.45. During the last trading day the stock fluctuated 1.50% from a day low at $85.99 to a day high of $87.28. The price has risen in 7 of the last 10 days and is up by 4.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 254 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $89.92 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.59% during the next 3 months and, with a 90% probability hold a price between $84.66 and $95.27 at the end of this 3-month period.
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NTRS Signals & Forecast
The Northern Trust Corporation 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 $86.05 and $85.00. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.380%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Northern Trust Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $81.46 and $81.28. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Northern Trust Corporation finds support just below today's level at $81.46. If this is broken, then the next support from accumulated volume will be at $81.28 and $79.56.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.29 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: $83.22 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (NTRS) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Northern Trust Corporation to open at $86.57, and during the day (based on 14 day Average True Range), to move between $84.93 and $87.97, which gives a possible trading interval of +/-$1.52 (+/-1.76%) up or down from last closing price. If Northern Trust Corporation takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $86.78 (0.38%) than the support at $81.46 (5.77%), 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 Northern Trust Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Northern Trust Corporation stock to perform well in the short-term.
Current score: 3.517 Buy Candidate Unchanged
Predicted Opening Price for Northern Trust Corporation of Thursday, May 16, 2024
Fair opening price May 16, 2024 | Current price |
---|---|
$86.57 ( 0.142%) | $86.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTRS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 87.87 | 1.64 % | |
R2 | 87.37 | 1.07 % | ||
R1 | 87.07 | 0.713 % | ||
Current price: | 86.45 | |||
Support | S1 | 86.08 | -0.429 % | |
S2 | 85.77 | -0.782 % | ||
S3 | 85.28 | -1.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 87.93 | 1.71 % | |
R2 | 87.75 | 1.50 % | ||
R1 | 86.78 | 0.382 % | ||
Current price | 86.45 | |||
Support | S1 | 81.46 | -5.77% | |
S2 | 81.28 | -5.98% | ||
S3 | 79.56 | -7.97% |
NTRS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 16, 2024 | Jun 07, 2024 | Jul 01, 2024 | $0.750 | 0.87% |
2 | Jan 17, 2024 | Mar 07, 2024 | Apr 01, 2024 | $0.750 | 0.85% |
3 | Oct 17, 2023 | Dec 07, 2023 | Jan 01, 2024 | $0.750 | 0.89% |
4 | Jul 18, 2023 | Sep 07, 2023 | Oct 01, 2023 | $0.750 | 1.08% |
5 | Apr 25, 2023 | Jun 08, 2023 | Jul 01, 2023 | $0.750 | 1.01% |
FAQ
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