National Bank Holdings Corporation Stock 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
Red day on Friday for National Bank Holdings Corporation
(Updated on Apr 26, 2024)
The National Bank Holdings Corporation stock price fell by -0.446% on the last day (Friday, 26th Apr 2024) from $33.65 to $33.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.84% from a day low at $32.92 to a day high of $33.85. The price has been going up and down for this period, and there has been a 0.93% gain 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 -81 thousand shares and in total, 103 thousand shares were bought and sold for approximately $3.45 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect National Bank Holdings Corporation stock with a 90% probability to be traded between $31.85 and $35.48 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NBHC Signals & Forecast
There are few to no technical positive signals at the moment. The National Bank Holdings Corporation stock 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 $33.88 and $34.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -3.74%. 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 for National Bank Holdings Corporation stock
National Bank Holdings Corporation finds support from accumulated volume at $33.46 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 $0.94 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NBHC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect National Bank Holdings Corporation to open at $33.42, and during the day (based on 14 day Average True Range), to move between $32.61 and $34.39, which gives a possible trading interval of +/-$0.89 (+/-2.67%) up or down from last closing price. If National Bank Holdings Corporation takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.46 (0.12%) than the resistance at $34.40 (2.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is National Bank Holdings Corporation stock A Buy?
National Bank Holdings Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.889 Sell Candidate Unchanged
Predicted Opening Price for National Bank Holdings Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $33.42 ( 0.234%) | $33.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.36 | 2.56 % | |
| R2 | 34.00 | 1.49 % | ||
| R1 | 33.78 | 0.83 % | ||
| Current price: | 33.50 | |||
| Support | S1 | 33.06 | -1.30 % | |
| S2 | 32.84 | -1.96 % | ||
| S3 | 32.49 | -3.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.51 | 6.00 % | |
| R2 | 34.51 | 3.01 % | ||
| R1 | 34.40 | 2.69 % | ||
| Current price | 33.50 | |||
| Support | S1 | 33.46 | -0.119% | |
| S2 | 33.44 | -0.179% | ||
| S3 | 33.19 | -0.93% |
NBHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Feb 22, 2024 | Mar 15, 2024 | $0.270 | 0.791% |
| 2 | Nov 07, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0.270 | 0.721% |
| 3 | Aug 01, 2023 | Aug 24, 2023 | Sep 15, 2023 | $0.260 | 0.85% |
| 4 | May 09, 2023 | May 25, 2023 | Jun 15, 2023 | $0.260 | 0.80% |
| 5 | Jan 19, 2023 | Feb 23, 2023 | Mar 15, 2023 | $0.250 | 0.719% |
FAQ
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