National Beverage Corp. Stock Forecast
Weaker technical forecast for National Beverage Corp. as stock downgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The National Beverage Corp. stock price gained 0.0758% on the last trading day (Tuesday, 2nd Jul 2024), rising from $52.80 to $52.84. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.95% from a day low at $52.43 to a day high of $53.45. The price has risen in 6 of the last 10 days and is up by 7.05% over the past 2 weeks. Volume fell on the last day by -117 thousand shares and in total, 320 thousand shares were bought and sold for approximately $16.88 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 4.44% during the next 3 months and, with a 90% probability hold a price between $47.19 and $55.19 at the end of this 3-month period.
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FIZZ Signals & Forecast
Mostly positive signals in the chart today. The National Beverage Corp. 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 $48.73 and $47.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 21.44%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for National Beverage Corp. stock
National Beverage Corp. finds support from accumulated volume at $51.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.02 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 5.29%.
Our recommended stop-loss: $51.17 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 85 days ago.)
Trading Expectations (FIZZ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect National Beverage Corp. to open at $52.91, and during the day (based on 14 day Average True Range), to move between $51.08 and $54.60, which gives a possible trading interval of +/-$1.76 (+/-3.34%) up or down from last closing price. If National Beverage Corp. takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $51.24, some $1.60 (3.03%) from the current price of $52.84, our system finds the risk reward attractive.
Is National Beverage Corp. 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 National Beverage Corp. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.297 Buy Candidate Downgraded
Predicted Opening Price for National Beverage Corp. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $52.91 ( 0.124%) | $52.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIZZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.93 | 2.06% |
| R2 | 53.54 | 1.32% |
| R1 | 53.30 | 0.86% |
| Price | 52.84 | |
| S1 | 52.51 | -0.617% |
| S2 | 52.27 | -1.07% |
| S3 | 51.88 | -1.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 52.84 | |
| S1 | 51.24 | -3.03% |
| S2 | 50.75 | -3.96% |
| S3 | 48.69 | -7.85% |
FIZZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 24, 2024 | Jul 24, 2024 | $3.25 | 6.15% |
| 2 | Dec 02, 2021 | Dec 10, 2021 | Dec 29, 2021 | $3.00 | 6.56% |
| 3 | Nov 24, 2020 | Dec 03, 2020 | Jan 29, 2021 | $3.00 | 3.96% |
| 4 | Nov 20, 2018 | Nov 29, 2018 | Jan 29, 2019 | $1.45 | 3.53% |
| 5 | May 05, 2017 | Jun 01, 2017 | Aug 04, 2017 | $0.750 | 1.38% |
FAQ
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