Northern Trust Corporation Trust Forecast

Northern Trust Corporation trust downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)

0K91.L Signals & Forecast

There are few to no technical positive signals at the moment. The Northern Trust Corporation trust holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £82.29 and £82.83. 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 24, 2024, and so far it has fallen -2.45%. 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). Northern Trust Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Northern Trust Corporation trust

Northern Trust Corporation finds support from accumulated volume at £81.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved £2.03 between high and low, or 2.50%. For the last week the trust has had daily average volatility of 1.19%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0K91.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Northern Trust Corporation to open at £82.08, and during the day (based on 14 day Average True Range), to move between £80.32 and £83.12, which gives a possible trading interval of +/-£1.40 (+/-1.71%) up or down from last closing price. If Northern Trust Corporation takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £81.56 (0.20%) than the resistance at £82.27 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Northern Trust Corporation trust A Buy?

Northern Trust Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Buy to a Strong Sell candidate.

Current score: -5.236 Strong Sell Candidate Downgraded

Predicted Opening Price for Northern Trust Corporation of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.