Northwest Bancp [Wa] ETF Forecast

Red day on Friday for Northwest Bancp [Wa] ETF after losing 1.35%
(Updated on Jun 28, 2024)

NBCT Signals & Forecast

There are few to no technical positive signals at the moment. The Northwest Bancp [Wa] ETF 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 $27.82 and $27.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -4.79%. 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). Northwest Bancp [Wa] 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 Northwest Bancp [Wa] ETF

Northwest Bancp [Wa] finds support from accumulated volume at $26.86 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 $0.400 between high and low, or 1.46%. For the last week the ETF has had daily average volatility of 0.329%.

Northwest Bancp [Wa] is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $26.02 (-4.78%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 9 which reduces the risk some. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (NBCT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Northwest Bancp [Wa] to open at $27.45, and during the day (based on 14 day Average True Range), to move between $27.16 and $27.49, which gives a possible trading interval of +/-$0.162 (+/-0.59%) up or down from last closing price. If Northwest Bancp [Wa] takes out the full calculated possible swing range there will be an estimated 1.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.44 (0.43%) than the support at $26.86 (1.69%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.469 Hold/Accumulate Unchanged

Predicted Opening Price for Northwest Bancp [Wa] of Monday, July 1, 2024

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