National HealthCare Corp Stock Forecast
National HealthCare Corp stock price ended at $94.51 on Thursday, after gaining 1.29%.
(Updated on Mar 28, 2024)
The National HealthCare Corp stock price gained 1.29% on the last trading day (Thursday, 28th Mar 2024), rising from $93.31 to $94.51. During the last trading day the stock fluctuated 2.27% from a day low at $92.83 to a day high of $94.94. The price has fallen in 6 of the last 10 days but is still up by 1.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 72 thousand more shares were traded than the day before. In total, 117 thousand shares were bought and sold for approximately $11.06 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect National HealthCare Corp stock with a 90% probability to be traded between $88.73 and $99.36 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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NHC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.21%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The National HealthCare Corp 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 $94.54. On a fall, the stock will find some support from the short-term average at $93.04. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, April 25, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 25, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for National HealthCare Corp stock
National HealthCare Corp finds support from accumulated volume at $93.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.11 (2.27%) between high and low. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $90.05 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (NHC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect National HealthCare Corp to open at $94.09, and during the day (based on 14 day Average True Range), to move between $92.46 and $96.56, which gives a possible trading interval of +/-$2.05 (+/-2.17%) up or down from last closing price. If National HealthCare Corp takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $95.31 (0.85%) than the support at $93.04 (1.56%), 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 HealthCare Corp stock A Buy?
National HealthCare Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.413 Hold/Accumulate Unchanged
Predicted Opening Price for National HealthCare Corp of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$94.09 ( 0.441%) | $94.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NHC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 96.20 | 1.79 % | |
R2 | 95.40 | 0.94 % | ||
R1 | 94.90 | 0.412 % | ||
Current price: | 94.51 | |||
Support | S1 | 93.29 | -1.29 % | |
S2 | 92.79 | -1.82 % | ||
S3 | 91.98 | -2.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 97.65 | 3.32 % | |
R2 | 97.39 | 3.05 % | ||
R1 | 95.31 | 0.85 % | ||
Current price | 94.51 | |||
Support | S1 | 93.04 | -1.56% | |
S2 | 92.42 | -2.21% | ||
S3 | 92.26 | -2.38% |
NHC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 09, 2024 | Mar 27, 2024 | May 01, 2024 | $0.590 | 0.623% |
2 | Nov 02, 2023 | Dec 28, 2023 | Feb 01, 2024 | $0.590 | 0.633% |
3 | Aug 03, 2023 | Sep 28, 2023 | Nov 01, 2023 | $0.590 | 0.87% |
4 | May 04, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.590 | 1.00% |
5 | Feb 10, 2023 | Mar 30, 2023 | May 01, 2023 | $0.570 | 0.98% |
FAQ
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