Northern Trust Corporation Trust Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Northern Trust Corporation trust upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Northern Trust Corporation trust price gained 2.76% on the last trading day (Friday, 28th Jun 2024), rising from £81.88 to £84.14. During the last trading day the trust fluctuated 2.23% from a day low at £82.40 to a day high of £84.24. The price has risen in 6 of the last 10 days and is up by 3.34% 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, 27 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately £2.31 million.
Given the current short-term trend, the trust is expected to fall -2.10% during the next 3 months and, with a 90% probability hold a price between £77.87 and £82.37 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0K91.L Signals & Forecast
The Northern Trust Corporation trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the trust has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £82.55 and £82.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 4.68%. 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 Northern Trust Corporation trust
Northern Trust Corporation finds support from accumulated volume at £83.74 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 £1.84 between high and low, or 2.23%. For the last week the trust has had daily average volatility of 1.31%.
Our recommended stop-loss: £79.27 (-5.79%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (0K91.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Northern Trust Corporation to open at £83.59, and during the day (based on 14 day Average True Range), to move between £82.81 and £85.47, which gives a possible trading interval of +/-£1.33 (+/-1.58%) up or down from last closing price. If Northern Trust Corporation takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £84.31 (0.20%) than the support at £83.74 (0.48%), 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 trust A Buy?
Northern Trust Corporation 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. We have upgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Northern Trust Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £83.59 ( 0.650%) | £84.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0K91.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 85.43 | 1.54% |
| R2 | 84.73 | 0.702% |
| R1 | 84.30 | 0.186% |
| Price | 84.14 | |
| S1 | 82.89 | -1.49% |
| S2 | 82.46 | -2.00% |
| S3 | 81.75 | -2.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 85.00 | 1.02% |
| R2 | 84.63 | 0.582% |
| R1 | 84.31 | 0.202% |
| Price | 84.14 | |
| S1 | 83.74 | -0.475% |
| S2 | 83.19 | -1.13% |
| S3 | 81.56 | -3.07% |
0K91 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jul 01, 2024 | £0.750 | 0.89% |
| 2 | Mar 07, 2024 | Mar 07, 2024 | Apr 01, 2024 | £0.750 | 0.85% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £0.750 | 0.94% |
| 4 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | £0.750 | 0.98% |
| 5 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £0.750 | 1.01% |
FAQ
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