Nuveen Churchill Direct Lending Corp. Stock Forecast
Red day on Friday for Nuveen Churchill Direct Lending Corp.
(Updated on Jun 21, 2024)
The Nuveen Churchill Direct Lending Corp. stock price fell by -0.228% on the last day (Friday, 21st Jun 2024) from $17.55 to $17.51. During the last trading day the stock fluctuated 1.14% from a day low at $17.51 to a day high of $17.71. The price has fallen in 6 of the last 10 days and is down by -2.51% for this period. 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 -20 thousand shares and in total, 48 thousand shares were bought and sold for approximately $835.35 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nuveen Churchill Direct Lending Corp. stock with a 90% probability to be traded between $17.15 and $18.21 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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NCDL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.459%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nuveen Churchill Direct Lending Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.63 and $17.62. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Nuveen Churchill Direct Lending Corp. stock
Nuveen Churchill Direct Lending Corp. finds support from accumulated volume at $17.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.200 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.90%
Our recommended stop-loss: $16.45 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (NCDL) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Nuveen Churchill Direct Lending Corp. to open at $17.58, and during the day (based on 14 day Average True Range), to move between $17.19 and $17.83, which gives a possible trading interval of +/-$0.316 (+/-1.80%) up or down from last closing price. If Nuveen Churchill Direct Lending Corp. takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.50 (0.06%) than the resistance at $17.56 (0.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nuveen Churchill Direct Lending Corp. stock A Buy?
Nuveen Churchill Direct Lending Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.921 Hold/Accumulate Unchanged
Predicted Opening Price for Nuveen Churchill Direct Lending Corp. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $17.58 ( 0.381%) | $17.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCDL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.78 | 1.52% |
| R2 | 17.70 | 1.09% |
| R1 | 17.65 | 0.82% |
| Price | 17.51 | |
| S1 | 17.50 | -0.0556% |
| S2 | 17.45 | -0.325% |
| S3 | 17.38 | -0.761% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.06 | 3.14% |
| R2 | 17.75 | 1.37% |
| R1 | 17.56 | 0.286% |
| Price | 17.51 | |
| S1 | 17.50 | -0.0571% |
| S2 | 17.38 | -0.742% |
| S3 | 17.24 | -1.54% |
NCDL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 10, 2024 | Aug 12, 2024 | Oct 28, 2024 | $0.100 | 0.571% |
| 2 | May 09, 2024 | Jun 28, 2024 | Jul 29, 2024 | $0.450 | 2.57% |
| 3 | Jan 10, 2024 | May 10, 2024 | Jul 28, 2024 | $0.100 | 0.571% |
| 4 | Feb 27, 2024 | Mar 27, 2024 | Apr 29, 2024 | $0.450 | 2.57% |
FAQ
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