NFI Group Inc. Stock Forecast
Red day on Monday for NFI Group Inc.
(Updated on Jun 24, 2024)
No changes to the price of NFI Group Inc. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $15.32 to a day high of $15.32. The price has fallen in 5 of the last 10 days and is down by -7.32% for this period.
The stock lies in the lower part of a very 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 $14.63 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 42.54% during the next 3 months and, with a 90% probability hold a price between $20.85 and $26.70 at the end of this 3-month period.
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NFI.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. 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 NFI Group Inc. 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 $15.69 and $15.46. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NFI Group Inc. stock
NFI Group Inc. finds support from accumulated volume at $15.20 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.11%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NFI.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect NFI Group Inc. to open at $15.32, and during the day (based on 14 day Average True Range), to move between $14.89 and $15.75, which gives a possible trading interval of +/-$0.434 (+/-2.83%) up or down from last closing price. If NFI Group Inc. takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.20 (0.78%) than the resistance at $15.48 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NFI Group Inc. stock A Buy?
The NFI Group Inc. stock holds several negative signals and despite the positive trend, we believe NFI Group Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.367 Sell Candidate Unchanged
Predicted Opening Price for NFI Group Inc. of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$15.32 ( 0%) | $15.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NFI.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.32 | - |
R2 | 15.32 | - |
R1 | 15.32 | - |
Price | 15.32 | |
S1 | 15.32 | - |
S2 | 15.32 | - |
S3 | 15.32 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.53 | 7.90% |
R2 | 15.60 | 1.83% |
R1 | 15.48 | 1.04% |
Price | 15.32 | |
S1 | 15.20 | -0.783% |
S2 | 14.07 | -8.16% |
S3 | 12.88 | -15.93% |
NFI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 15, 2022 | Sep 28, 2022 | Oct 17, 2022 | $0.0530 | 0.432% |
2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | $0.0530 | 0.403% |
3 | Mar 10, 2022 | Mar 30, 2022 | Apr 15, 2022 | $0.0530 | 0.364% |
4 | Dec 15, 2021 | Dec 30, 2021 | Jan 17, 2022 | $0.213 | 1.12% |
5 | Sep 17, 2021 | Sep 28, 2021 | Oct 15, 2021 | $0.213 | 0.90% |
FAQ
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