Evaluation of National Bank Holdings Corporation stock downgraded after the last trading session.
(Updated on Dec 07, 2021)
Sell candidate since 2021-12-07 PDF
The National Bank Holdings Corporation stock price fell by -2.31% on the last day (Tuesday, 7th Dec 2021) from $44.53 to $43.50. During the day the stock fluctuated 4.00% from a day low at $43.27 to a day high of $45.00. The price has been going up and down for this period, and there has been a -3.99% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -68 thousand shares and in total, 105 thousand shares were bought and sold for approximately $4.56 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $43.39 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 stock is expected to rise 25.77% during the next 3 months and, with a 90% probability hold a price between $54.57 and $59.53 at the end of this 3-month period.
Signals & Forecast
There are mixed signals in the stock today. The National Bank Holdings Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $44.24. On a fall, the stock will find some support from the short-term average at $43.48. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -5.64%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
National Bank Holdings Corporation finds support from accumulated volume at $42.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.73 (4.00%) between high and low. For the last week, the stock has had a daily average volatility of 2.88%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is National Bank Holdings Corporation stock A Buy?
National Bank Holdings Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.108
Predicted Opening Price for National Bank Holdings Corporation of Wednesday, December 8, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 8, 2021||Current price|
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On Sep 20, 2021 "Piper Sandler" gave "$36.00 - $40.00" rating for NBHC. The price target was set to $35.98+3.1%.
NBHC Insider Trading
|Nov 19, 2021||Sell||1 700||Zahl Brendan W||Common Stock|
|Nov 15, 2021||Sell||13 092||Newfield Richard U Jr.||Employee Stock Option (Right to Buy)|
|Nov 15, 2021||Sell||4 900||Newfield Richard U Jr.||Employee Stock Option (Right to Buy)|
|Nov 15, 2021||Sell||3 020||Newfield Richard U Jr.||Employee Stock Option (Right to Buy)|
|Nov 15, 2021||Sell||13 491||Newfield Richard U Jr.||Common Stock|
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