National Health Investors Inc Stock Forecast
National Health Investors Inc stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 07, 2024)
The National Health Investors Inc stock price gained 2.18% on the last trading day (Tuesday, 7th May 2024), rising from $64.25 to $65.65. During the last trading day the stock fluctuated 2.86% from a day low at $64.26 to a day high of $66.10. The price has risen in 7 of the last 10 days and is up by 4.64% 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, 166 thousand more shares were traded than the day before. In total, 301 thousand shares were bought and sold for approximately $19.76 million.
The stock lies in the middle of a 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 15.90% during the next 3 months and, with a 90% probability hold a price between $70.94 and $77.53 at the end of this 3-month period.
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NHI Signals & Forecast
The National Health Investors Inc 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 $64.04 and $61.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 12.51%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for National Health Investors Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $59.89 and $57.47. 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 Health Investors Inc finds support just below today's level at $59.89. If this is broken, then the next support from accumulated volume will be at $57.47 and $56.76.
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 $1.84 between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 1.88%.
The National Health Investors Inc stock is extremely overbought on RSI14 (89). This increases the short-term risk substantially.
Our recommended stop-loss: $62.39 (-4.97%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (NHI) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect National Health Investors Inc to open at $65.34, and during the day (based on 14 day Average True Range), to move between $64.48 and $66.82, which gives a possible trading interval of +/-$1.17 (+/-1.78%) up or down from last closing price. If National Health Investors Inc takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $59.89, some $5.76 (8.77%) from the current price of $65.65, our system finds the risk reward attractive.
Is National Health Investors Inc stock A Buy?
National Health Investors Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for National Health Investors Inc of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$65.34 ( 0.477%) | $65.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NHI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 67.18 | 2.33 % | |
R2 | 66.47 | 1.25 % | ||
R1 | 66.04 | 0.593 % | ||
Current price: | 65.65 | |||
Support | S1 | 64.63 | -1.55 % | |
S2 | 64.20 | -2.21 % | ||
S3 | 63.50 | -3.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 65.65 | |||
Support | S1 | 59.89 | -8.77% | |
S2 | 57.47 | -12.46% | ||
S3 | 56.76 | -13.54% |
NHI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Mar 27, 2024 | May 03, 2024 | $0.90 | 1.39% |
2 | Nov 07, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.90 | 1.65% |
3 | Aug 08, 2023 | Sep 28, 2023 | Nov 03, 2023 | $0.90 | 1.75% |
4 | May 09, 2023 | Jun 29, 2023 | Aug 04, 2023 | $0.90 | 1.65% |
5 | Feb 21, 2023 | Mar 30, 2023 | May 05, 2023 | $0.90 | 1.83% |
FAQ
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