NBT Bancorp Inc. Stock Forecast
NBT Bancorp Inc. stock downgraded to Hold/Accumulate
(Updated on May 16, 2024)
The NBT Bancorp Inc. stock price fell by -0.447% on the last day (Thursday, 16th May 2024) from $37.99 to $37.82. During the last trading day the stock fluctuated 1.08% from a day low at $37.67 to a day high of $38.08. The price has risen in 7 of the last 10 days and is up by 3.56% over the past 2 weeks. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 132 thousand shares were bought and sold for approximately $4.98 million.
The stock lies in the upper part of a wide and weak rising 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 $38.04 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.16% during the next 3 months and, with a 90% probability hold a price between $36.78 and $41.14 at the end of this 3-month period.
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NBTB Signals & Forecast
The NBT Bancorp 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 $37.65 and $35.78. 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). 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 Wednesday, May 15, 2024, and so far it has fallen -0.447%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NBT Bancorp Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $35.90 and $35.57. 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, NBT Bancorp Inc. finds support just below today's level at $35.90. If this is broken, then the next support from accumulated volume will be at $35.57 and $33.97.
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 $0.405 between high and low, or 1.08%. For the last week, the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: $36.76 (-2.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (NBTB) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect NBT Bancorp Inc. to open at $37.86, and during the day (based on 14 day Average True Range), to move between $36.97 and $38.67, which gives a possible trading interval of +/-$0.85 (+/-2.25%) up or down from last closing price. If NBT Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.99 (0.45%) than the support at $35.90 (5.08%), 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 NBT Bancorp Inc. stock A Buy?
NBT Bancorp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.507 Hold/Accumulate Downgraded
Predicted Opening Price for NBT Bancorp Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $37.86 ( 0.0925%) | $37.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBTB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.26 | 1.16 % | |
| R2 | 38.11 | 0.754 % | ||
| R1 | 38.01 | 0.502 % | ||
| Current price: | 37.82 | |||
| Support | S1 | 37.70 | -0.317 % | |
| S2 | 37.60 | -0.569 % | ||
| S3 | 37.45 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 37.99 | 0.449 % | ||
| Current price | 37.82 | |||
| Support | S1 | 35.90 | -5.08% | |
| S2 | 35.57 | -5.95% | ||
| S3 | 33.97 | -10.18% |
NBTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.320 | 0.94% |
| 2 | Oct 24, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.320 | 0.772% |
| 3 | Aug 14, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.320 | 0.98% |
| 4 | May 16, 2023 | May 31, 2023 | Jun 15, 2023 | $0.300 | 0.86% |
| 5 | Jan 23, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.300 | 0.85% |
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