Northwest Bancp [Wa] ETF Forecast
Northwest Bancp [Wa] ETF downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Northwest Bancp [Wa] ETF price gained 0.399% on the last trading day (Tuesday, 25th Jun 2024), rising from $27.89 to $28.00. During the last trading day the ETF fluctuated 0.0668% from a day low at $28.00 to a day high of $28.02. The price has been going up and down for this period, and there has been a -1.17% 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, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $89.69 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.69 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.90% during the next 3 months and, with a 90% probability hold a price between $29.87 and $31.96 at the end of this 3-month period.
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NBCT Signals & Forecast
The Northwest Bancp [Wa] ETF 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 $27.96 and $27.72. A breakdown below any of these levels will issue sell signals. Northwest Bancp [Wa] 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. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -2.43%. 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 Northwest Bancp [Wa] ETF
Northwest Bancp [Wa] finds support from accumulated volume at $27.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0187 between high and low, or 0.0668%. For the last week the ETF has had daily average volatility of 0.0513%.
Our recommended stop-loss: $26.68 (-4.72%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (NBCT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Northwest Bancp [Wa] to open at $28.01, and during the day (based on 14 day Average True Range), to move between $27.86 and $28.14, which gives a possible trading interval of +/-$0.137 (+/-0.49%) up or down from last closing price. If Northwest Bancp [Wa] takes out the full calculated possible swing range there will be an estimated 0.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.04 (0.12%) than the support at $27.93 (0.25%), 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 Northwest Bancp [Wa] ETF A Buy?
Northwest Bancp [Wa] 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Northwest Bancp [Wa] of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $28.01 ( 0.0223%) | $28.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBCT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.03 | 0.0890% |
| R2 | 28.02 | 0.0635% |
| R1 | 28.01 | 0.0478% |
| Price | 28.00 | |
| S1 | 28.00 | -0.0033% |
| S2 | 28.00 | -0.0190% |
| S3 | 27.99 | -0.0445% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.33 | 1.18% |
| R2 | 28.15 | 0.531% |
| R1 | 28.04 | 0.124% |
| Price | 28.00 | |
| S1 | 27.93 | -0.255% |
| S2 | 27.44 | -1.99% |
| S3 | 26.86 | -4.06% |
NBCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.306 | 1.24% |
| 2 | Dec 15, 2022 | Dec 16, 2022 | Dec 20, 2022 | $0.204 | 0.86% |
FAQ
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