0% commission for ETF tradesNational CineMedia Stock Forecast
AI Analysis of NCMI
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National CineMedia stock price up 3.22% on Thursday
(Updated on Sep 12, 2024)
The National CineMedia stock price gained 3.22% on the last trading day (Thursday, 12th Sep 2024), rising from $6.52 to $6.73. During the last trading day the stock fluctuated 3.99% from a day low at $6.52 to a day high of $6.78. The price has been going up and down for this period, and there has been a -1.32% loss for the last 2 weeks. Volume fell on the last day by -128 thousand shares and in total, 275 thousand shares were bought and sold for approximately $1.85 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.57 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 68.86% during the next 3 months and, with a 90% probability hold a price between $11.09 and $12.75 at the end of this 3-month period.
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NCMI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, August 26, 2024, and so far it has fallen -3.24%. 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). The National CineMedia 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 $6.71 and $6.39. A breakdown below any of these levels will issue sell signals. 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 National CineMedia stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.29 and $5.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, National CineMedia finds support just below today's level at $6.29. If this is broken, then the next support from accumulated volume will be at $5.55 and $5.06.
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 $0.260 between high and low, or 3.99%. For the last week, the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: $6.35 (-5.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (NCMI) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect National CineMedia to open at $6.68, and during the day (based on 14 day Average True Range), to move between $6.49 and $6.97, which gives a possible trading interval of +/-$0.238 (+/-3.54%) up or down from last closing price. If National CineMedia takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.76 (0.45%) than the support at $6.29 (6.54%), 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 National CineMedia stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for National CineMedia stock to perform well in the short-term.
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Current score: 3.262 Buy Candidate Unchanged
Predicted Opening Price for National CineMedia of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $6.68 ( 0.792%) | $6.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCMI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.94 | 3.07% |
| R2 | 6.84 | 1.60% |
| R1 | 6.78 | 0.683% |
| Price | 6.73 | |
| S1 | 6.58 | -2.27% |
| S2 | 6.52 | -3.18% |
| S3 | 6.42 | -4.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.89 | 2.38% |
| R2 | 6.83 | 1.49% |
| R1 | 6.76 | 0.446% |
| Price | 6.73 | |
| S1 | 6.29 | -6.54% |
| S2 | 5.55 | -17.53% |
| S3 | 5.06 | -24.81% |
NCMI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2022 | Aug 19, 2022 | Sep 06, 2022 | $0.0300 | 0.275% |
| 2 | May 09, 2022 | May 20, 2022 | Jun 07, 2022 | $0.0300 | 0.226% |
| 3 | Mar 03, 2022 | Mar 16, 2022 | Mar 31, 2022 | $0.0500 | 0.197% |
| 4 | Nov 08, 2021 | Nov 19, 2021 | Dec 07, 2021 | $0.0500 | 0.189% |
| 5 | Aug 09, 2021 | Aug 20, 2021 | Sep 06, 2021 | $0.0500 | 0.203% |
FAQ
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