Nuveen Churchill Direct Lending Corp. Stock Forecast
Stronger technical forecast for Nuveen Churchill Direct Lending Corp. stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Nuveen Churchill Direct Lending Corp. stock price gained 0.113% on the last trading day (Wednesday, 26th Jun 2024), rising from $17.64 to $17.66. During the last trading day the stock fluctuated 1.08% from a day low at $17.60 to a day high of $17.79. The price has been going up and down for this period, and there has been a -0.17% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 62 thousand shares were bought and sold for approximately $1.10 million.
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 $17.27 and $18.34 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
The Nuveen Churchill Direct Lending Corp. 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 $17.59 and $17.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.32%. Further rise is indicated until a new top pivot has been found. Nuveen Churchill Direct Lending Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nuveen Churchill Direct Lending Corp. stock
Nuveen Churchill Direct Lending Corp. finds support from accumulated volume at $17.56 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.190 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: $16.61 (-5.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (NCDL) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Nuveen Churchill Direct Lending Corp. to open at $17.68, and during the day (based on 14 day Average True Range), to move between $17.36 and $17.96, which gives a possible trading interval of +/-$0.300 (+/-1.70%) 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 3.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.75 (0.51%) than the support at $17.56 (0.57%), 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 Nuveen Churchill Direct Lending Corp. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Nuveen Churchill Direct Lending Corp. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.005 Buy Candidate Upgraded
Predicted Opening Price for Nuveen Churchill Direct Lending Corp. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $17.68 ( 0.132%) | $17.66 |
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 | 17.87 | 1.21% |
| R2 | 17.80 | 0.796% |
| R1 | 17.76 | 0.543% |
| Price | 17.66 | |
| S1 | 17.61 | -0.279% |
| S2 | 17.57 | -0.533% |
| S3 | 17.49 | -0.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.06 | 2.27% |
| R2 | 17.78 | 0.680% |
| R1 | 17.75 | 0.510% |
| Price | 17.66 | |
| S1 | 17.56 | -0.566% |
| S2 | 17.50 | -0.91% |
| S3 | 17.24 | -2.38% |
NCDL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 10, 2024 | Aug 12, 2024 | Oct 28, 2024 | $0.100 | 0.566% |
| 2 | May 09, 2024 | Jun 28, 2024 | Jul 29, 2024 | $0.450 | 2.55% |
| 3 | Jan 10, 2024 | May 10, 2024 | Jul 28, 2024 | $0.100 | 0.566% |
| 4 | Feb 27, 2024 | Mar 27, 2024 | Apr 29, 2024 | $0.450 | 2.57% |
FAQ
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