NATIONAL CITY CORP Stock Forecast
NATIONAL CITY CORP stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The NATIONAL CITY CORP stock price gained 1.05% on the last trading day (Tuesday, 2nd Jul 2024), rising from £152.60 to £154.20. During the last trading day the stock fluctuated 4.05% from a day low at £148.20 to a day high of £154.20. The price has been going up and down for this period, and there has been a 7.53% gain for the last 2 weeks. Volume fell on the last day by -251 thousand shares and in total, 430 thousand shares were bought and sold for approximately £66.32 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.35% during the next 3 months and, with a 90% probability hold a price between £180.29 and £198.53 at the end of this 3-month period.
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NCC.L Signals & Forecast
The NATIONAL CITY CORP 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 £152.09 and £143.05. A breakdown below any of these levels will issue sell signals. 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. 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 Thursday, June 20, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for NATIONAL CITY CORP stock
NATIONAL CITY CORP finds support from accumulated volume at £152.60 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 £6.00 between high and low, or 4.05%. For the last week, the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: £149.23 (-3.23%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (NCC.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect NATIONAL CITY CORP to open at £152.20, and during the day (based on 14 day Average True Range), to move between £149.23 and £159.17, which gives a possible trading interval of +/-£4.97 (+/-3.22%) up or down from last closing price. If NATIONAL CITY CORP takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £152.60 (1.04%) than the resistance at £156.00 (1.17%), 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 CITY CORP stock A Buy?
NATIONAL CITY CORP holds several positive signals and is within a strong 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: 5.689 Strong Buy Candidate Upgraded
Predicted Opening Price for NATIONAL CITY CORP of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £152.20 ( 1.30%) | £154.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCC.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 158.20 | 2.59% |
| R2 | 155.91 | 1.11% |
| R1 | 154.49 | 0.189% |
| Price | 154.20 | |
| S1 | 149.91 | -2.78% |
| S2 | 148.49 | -3.70% |
| S3 | 146.20 | -5.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 156.00 | 1.17% |
| Price | 154.20 | |
| S1 | 152.60 | -1.04% |
| S2 | 145.60 | -5.58% |
| S3 | 135.60 | -12.06% |
NCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Mar 15, 2024 | £1.50 | 1.20% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Dec 08, 2023 | £3.15 | 2.59% |
| 3 | Feb 02, 2023 | Feb 16, 2023 | Mar 17, 2023 | £1.50 | 0.97% |
| 4 | Sep 06, 2022 | Oct 13, 2022 | Nov 11, 2022 | £3.15 | 1.55% |
| 5 | Jan 27, 2022 | Feb 17, 2022 | Mar 04, 2022 | £1.50 | 0.86% |
FAQ
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