NBT Bancorp Inc. 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
NBT Bancorp Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The NBT Bancorp Inc. stock price gained 1.01% on the last trading day (Friday, 3rd May 2024), rising from $36.52 to $36.89. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.66% from a day low at $36.46 to a day high of $37.07. The price has risen in 6 of the last 10 days and is up by 6.59% over the past 2 weeks. Volume fell on the last day by -22 thousand shares and in total, 155 thousand shares were bought and sold for approximately $5.70 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $37.30 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.72% during the next 3 months and, with a 90% probability hold a price between $34.52 and $38.69 at the end of this 3-month period.
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NBTB Signals & Forecast
Mostly positive signals in the chart today. The NBT Bancorp Inc. stock 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 $35.94 and $35.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 11.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for NBT Bancorp Inc. stock
NBT Bancorp Inc. finds support from accumulated volume at $35.90 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 $0.605 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: $35.74 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (NBTB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect NBT Bancorp Inc. to open at $36.81, and during the day (based on 14 day Average True Range), to move between $35.98 and $37.80, which gives a possible trading interval of +/-$0.91 (+/-2.46%) up or down from last closing price. If NBT Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $35.90, some $0.99 (2.68%) from the current price of $36.89, our system finds the risk reward attractive.
Is NBT Bancorp Inc. stock A Buy?
NBT Bancorp Inc. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.361 Strong Buy Candidate Upgraded
Predicted Opening Price for NBT Bancorp Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $36.81 ( 0.230%) | $36.89 |
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 | 37.41 | 1.41 % | |
| R2 | 37.18 | 0.783 % | ||
| R1 | 37.04 | 0.396 % | ||
| Current price: | 36.89 | |||
| Support | S1 | 36.57 | -0.86 % | |
| S2 | 36.43 | -1.24 % | ||
| S3 | 36.20 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 36.89 | |||
| Support | S1 | 35.90 | -2.68% | |
| S2 | 35.57 | -3.58% | ||
| S3 | 33.97 | -7.92% |
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% |
FAQ
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