NorthWestern Corporation Stock Forecast
Green day on Tuesday for NorthWestern Corporation
(Updated on May 07, 2024)
The NorthWestern Corporation stock price gained 0.215% on the last trading day (Tuesday, 7th May 2024), rising from $51.15 to $51.26. During the last trading day the stock fluctuated 0.92% from a day low at $51.08 to a day high of $51.55. The price has risen in 6 of the last 10 days and is up by 1.61% 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, 96 thousand more shares were traded than the day before. In total, 292 thousand shares were bought and sold for approximately $14.96 million.
The stock lies in the middle of a 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 5.59% during the next 3 months and, with a 90% probability hold a price between $51.30 and $55.07 at the end of this 3-month period.
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NWE Signals & Forecast
Mostly positive signals in the chart today. The NorthWestern 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 $50.91 and $49.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.01%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NorthWestern Corporation stock
NorthWestern Corporation finds support from accumulated volume at $49.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.470 (0.92%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: $48.82 (-4.76%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (NWE) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect NorthWestern Corporation to open at $51.30, and during the day (based on 14 day Average True Range), to move between $50.39 and $52.13, which gives a possible trading interval of +/-$0.87 (+/-1.70%) up or down from last closing price. If NorthWestern Corporation takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $49.20, some $2.06 (4.02%) from the current price of $51.26, our system finds the risk reward attractive.
Is NorthWestern 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 NorthWestern Corporation stock to perform well in the short-term.
Current score: 3.878 Buy Candidate Unchanged
Predicted Opening Price for NorthWestern Corporation of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$51.30 ( 0.0715%) | $51.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NWE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.77 | 0.99 % | |
R2 | 51.59 | 0.638 % | ||
R1 | 51.48 | 0.422 % | ||
Current price: | 51.26 | |||
Support | S1 | 51.12 | -0.279 % | |
S2 | 51.01 | -0.495 % | ||
S3 | 50.83 | -0.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 51.26 | |||
Support | S1 | 49.20 | -4.02% | |
S2 | 48.65 | -5.09% | ||
S3 | 48.08 | -6.20% |
NWE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.650 | 1.27% |
2 | Feb 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.650 | 1.28% |
3 | Oct 26, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.640 | 1.26% |
4 | Jul 24, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.640 | 1.33% |
5 | Apr 27, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.640 | 1.13% |
FAQ
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