Nicholas Financial Stock Forecast
High volatility in Nicholas Financial stock price on Friday which ended trading at $7.06
(Updated on May 03, 2024)
The Nicholas Financial stock price gained 2.80% on the last trading day (Friday, 3rd May 2024), rising from $6.87 to $7.06. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 11.03% from a day low at $6.80 to a day high of $7.55. The price has risen in 6 of the last 10 days and is up by 6.49% 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, 3 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $38.70 thousand.
Given the current short-term trend, the stock is expected to fall -5.28% during the next 3 months and, with a 90% probability hold a price between $6.00 and $6.69 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NICK Signals & Forecast
The Nicholas Financial stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.74 and $6.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.48%. Further rise is indicated until a new top pivot has been found. Nicholas Financial has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nicholas Financial stock
Nicholas Financial finds support from accumulated volume at $6.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.750 between high and low, or 11.03%. For the last week, the stock has had daily average volatility of 6.63%.
Our recommended stop-loss: $6.78 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (NICK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nicholas Financial to open at $7.14, and during the day (based on 14 day Average True Range), to move between $6.75 and $7.37, which gives a possible trading interval of +/-$0.314 (+/-4.44%) up or down from last closing price. If Nicholas Financial takes out the full calculated possible swing range there will be an estimated 8.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.09 (0.42%) than the support at $6.95 (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 Nicholas Financial stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.128 Buy Candidate Unchanged
Predicted Opening Price for Nicholas Financial of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $7.14 ( 1.09%) | $7.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NICK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.89 | 11.71 % | |
| R2 | 7.60 | 7.65 % | ||
| R1 | 7.42 | 5.14 % | ||
| Current price: | 7.06 | |||
| Support | S1 | 6.85 | -2.97 % | |
| S2 | 6.67 | -5.48 % | ||
| S3 | 6.39 | -9.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.25 | 2.69 % | |
| R2 | 7.15 | 1.27 % | ||
| R1 | 7.09 | 0.425 % | ||
| Current price | 7.06 | |||
| Support | S1 | 6.95 | -1.56% | |
| S2 | 6.94 | -1.70% | ||
| S3 | 6.82 | -3.40% |
NICK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 13, 2013 | Sep 18, 2013 | Sep 27, 2013 | $0.120 | 0.732% |
| 2 | May 07, 2013 | Jun 19, 2013 | Jun 28, 2013 | $0.120 | 0.794% |
| 3 | Feb 19, 2013 | Mar 20, 2013 | Mar 29, 2013 | $0.120 | 0.82% |
| 4 | Nov 09, 2012 | Nov 28, 2012 | Dec 06, 2012 | $0.120 | 0.90% |
| 5 | Aug 08, 2012 | Aug 28, 2012 | Sep 06, 2012 | $0.120 | 0.86% |
FAQ
Click here for our free guide on how to buy Nicholas Financial Stock.
