Natural Grocers by Vitamin Cottage Inc Stock Forecast
Natural Grocers by Vitamin Cottage Inc stock price up 2.99% on Friday
(Updated on Apr 26, 2024)
The Natural Grocers by Vitamin Cottage Inc stock price gained 2.99% on the last trading day (Friday, 26th Apr 2024), rising from $16.39 to $16.88. During the last trading day the stock fluctuated 3.34% from a day low at $16.48 to a day high of $17.03. The price has risen in 5 of the last 10 days and is up by 3.69% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 39 thousand shares were bought and sold for approximately $659.52 thousand. 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 11.68% during the next 3 months and, with a 90% probability hold a price between $17.98 and $21.08 at the end of this 3-month period.
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NGVC Signals & Forecast
There are few to no technical positive signals at the moment. The Natural Grocers by Vitamin Cottage Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.01. On a fall, the stock will find some support from the short-term average at $16.33. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -7.30%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Natural Grocers by Vitamin Cottage Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $15.90 and $15.60. 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, Natural Grocers by Vitamin Cottage Inc finds support just below today's level at $15.90. If this is broken, then the next support from accumulated volume will be at $15.60 and $15.08.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.550 between high and low, or 3.34%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NGVC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Natural Grocers by Vitamin Cottage Inc to open at $16.80, and during the day (based on 14 day Average True Range), to move between $16.36 and $17.40, which gives a possible trading interval of +/-$0.515 (+/-3.05%) up or down from last closing price. If Natural Grocers by Vitamin Cottage Inc takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.15 (1.60%) than the support at $15.90 (5.81%), 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.
Earnings coming up
Natural Grocers by Vitamin Cottage Inc will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for Natural Grocers by Vitamin Cottage Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.45% in the first trading day after earnings release.
Is Natural Grocers by Vitamin Cottage Inc stock A Buy?
The Natural Grocers by Vitamin Cottage Inc stock holds several negative signals and despite the positive trend, we believe Natural Grocers by Vitamin Cottage Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.268 Sell Candidate Unchanged
Predicted Opening Price for Natural Grocers by Vitamin Cottage Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$16.80 ( 0.494%) | $16.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NGVC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.35 | 2.76 % | |
R2 | 17.14 | 1.52 % | ||
R1 | 17.01 | 0.751 % | ||
Current price: | 16.88 | |||
Support | S1 | 16.59 | -1.74 % | |
S2 | 16.46 | -2.51 % | ||
S3 | 16.25 | -3.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.18 | 7.70 % | |
R2 | 17.31 | 2.55 % | ||
R1 | 17.15 | 1.60 % | ||
Current price | 16.88 | |||
Support | S1 | 15.90 | -5.81% | |
S2 | 15.60 | -7.58% | ||
S3 | 15.08 | -10.66% |
NGVC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Mar 01, 2024 | Mar 20, 2024 | $0.100 | 0.581% |
2 | Nov 16, 2023 | Nov 24, 2023 | Dec 13, 2023 | $0.400 | 2.48% |
3 | Aug 03, 2023 | Aug 25, 2023 | Sep 13, 2023 | $0.100 | 0.784% |
4 | May 04, 2023 | May 26, 2023 | Jun 14, 2023 | $0.100 | 0.85% |
5 | Feb 02, 2023 | Feb 24, 2023 | Mar 15, 2023 | $0.100 | 0.93% |
FAQ
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