NBT Bancorp Inc. Stock Forecast
Stronger technical forecast for NBT Bancorp Inc. stock price after Thursday trading.
(Updated on Apr 25, 2024)
The NBT Bancorp Inc. stock price fell by -0.446% on the last day (Thursday, 25th Apr 2024) from $35.90 to $35.74. During the last trading day the stock fluctuated 2.19% from a day low at $35.09 to a day high of $35.86. The price has fallen in 6 of the last 10 days but is still up by 5.15% over the past 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 -5 thousand shares and in total, 168 thousand shares were bought and sold for approximately $5.99 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 NBT Bancorp Inc. stock with a 90% probability to be traded between $32.89 and $36.57 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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NBTB Signals & Forecast
The NBT Bancorp Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $34.77 and $34.86. A breakdown below any of these levels will issue sell signals. 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, April 23, 2024, and so far it has fallen -0.777%. 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.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 5.19% to $37.59 within 20 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for NBT Bancorp Inc. stock
NBT Bancorp Inc. finds support from accumulated volume at $35.57 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 $0.770 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: $34.21 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NBTB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect NBT Bancorp Inc. to open at $35.56, and during the day (based on 14 day Average True Range), to move between $34.79 and $36.69, which gives a possible trading interval of +/-$0.95 (+/-2.65%) up or down from last closing price. If NBT Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.90 (0.45%) than the support at $35.57 (0.48%), 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 NBT Bancorp Inc. stock A Buy?
NBT Bancorp Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.028 Hold/Accumulate Upgraded
Predicted Opening Price for NBT Bancorp Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $35.56 ( 0.494%) | $35.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBTB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.33 | 1.66 % | |
| R2 | 36.04 | 0.84 % | ||
| R1 | 35.86 | 0.329 % | ||
| Current price: | 35.74 | |||
| Support | S1 | 35.27 | -1.32 % | |
| S2 | 35.09 | -1.83 % | ||
| S3 | 34.79 | -2.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.74 | 2.80 % | |
| R2 | 36.68 | 2.63 % | ||
| R1 | 35.90 | 0.448 % | ||
| Current price | 35.74 | |||
| Support | S1 | 35.57 | -0.476% | |
| S2 | 33.97 | -4.95% | ||
| S3 | 33.76 | -5.54% |
NBTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.320 | 0.94% |
| 2 | Oct 24, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.320 | 0.772% |
| 3 | Aug 14, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.320 | 0.98% |
| 4 | May 16, 2023 | May 31, 2023 | Jun 15, 2023 | $0.300 | 0.86% |
| 5 | Jan 23, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.300 | 0.85% |
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