Nordstrom, Inc. Stock Forecast
Nordstrom, Inc. stock price up 0.617% on Wednesday
(Updated on Jun 26, 2024)
The Nordstrom, Inc. stock price gained 0.617% on the last trading day (Wednesday, 26th Jun 2024), rising from $21.08 to $21.21. During the last trading day the stock fluctuated 2.01% from a day low at $20.90 to a day high of $21.32. The price has been going up and down for this period, and there has been a -2.18% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 504 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $23.22 thousand.
The stock lies in the middle of a wide and strong 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 17.15% during the next 3 months and, with a 90% probability hold a price between $23.98 and $28.07 at the end of this 3-month period.
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0K8J.L Signals & Forecast
Nordstrom, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nordstrom, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.33 and $21.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -7.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nordstrom, Inc. stock
Nordstrom, Inc. finds support from accumulated volume at $21.04 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 $0.420 (2.01%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0K8J.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Nordstrom, Inc. to open at $21.14, and during the day (based on 14 day Average True Range), to move between $20.68 and $21.74, which gives a possible trading interval of +/-$0.531 (+/-2.50%) up or down from last closing price. If Nordstrom, Inc. takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.04 (0.80%) than the resistance at $21.40 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nordstrom, Inc. stock A Buy?
The Nordstrom, Inc. stock holds several negative signals and despite the positive trend, we believe Nordstrom, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.982 Sell Candidate Unchanged
Predicted Opening Price for Nordstrom, Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $21.14 ( 0.314%) | $21.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0K8J.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.56 | 1.67% |
| R2 | 21.40 | 0.91% |
| R1 | 21.30 | 0.442% |
| Price | 21.21 | |
| S1 | 20.98 | -1.07% |
| S2 | 20.88 | -1.54% |
| S3 | 20.72 | -2.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.28 | 5.04% |
| R2 | 21.47 | 1.23% |
| R1 | 21.40 | 0.90% |
| Price | 21.21 | |
| S1 | 21.04 | -0.80% |
| S2 | 19.01 | -10.37% |
| S3 | 17.86 | -15.79% |
0K8J Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 19, 2024 | $0.190 | 0.88% |
| 2 | Mar 11, 2024 | Mar 11, 2024 | Mar 27, 2024 | $0.190 | 0.96% |
| 3 | Nov 27, 2023 | Nov 27, 2023 | Nov 27, 2023 | $0.190 | 1.24% |
| 4 | Aug 28, 2023 | Aug 28, 2023 | Aug 28, 2023 | $0.190 | 1.24% |
| 5 | May 26, 2023 | May 26, 2023 | May 26, 2023 | $0.190 | 1.21% |
FAQ
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