Nicholas Financial Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Nicholas Financial stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Nicholas Financial stock price gained 2.30% on the last trading day (Thursday, 2nd May 2024), rising from $6.71 to $6.87. During the last trading day the stock fluctuated 6.44% from a day low at $6.87 to a day high of $7.31. The price has risen in 5 of the last 10 days and is up by 1.89% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $15.01 thousand.
Given the current short-term trend, the stock is expected to fall -5.84% during the next 3 months and, with a 90% probability hold a price between $5.96 and $6.47 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.
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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 $6.68 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 7.47%. 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 $6.85 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 $0.442 between high and low, or 6.44%. For the last week, the stock has had daily average volatility of 4.79%.
Our recommended stop-loss: $6.58 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (NICK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Nicholas Financial to open at $7.02, and during the day (based on 14 day Average True Range), to move between $6.59 and $7.15, which gives a possible trading interval of +/-$0.280 (+/-4.08%) up or down from last closing price. If Nicholas Financial takes out the full calculated possible swing range there will be an estimated 8.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.85 (0.26%) than the resistance at $6.94 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.380 Buy Candidate Upgraded
Predicted Opening Price for Nicholas Financial of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $7.02 ( 2.15%) | $6.87 |
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 | 7.46 | 8.59 % | |
| R2 | 7.29 | 6.13 % | ||
| R1 | 7.18 | 4.61 % | ||
| Current price: | 6.87 | |||
| Support | S1 | 6.85 | -0.313 % | |
| S2 | 6.74 | -1.83 % | ||
| S3 | 6.57 | -4.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.09 | 3.24 % | |
| R2 | 6.95 | 1.20 % | ||
| R1 | 6.94 | 1.05 % | ||
| Current price | 6.87 | |||
| Support | S1 | 6.85 | -0.258% | |
| S2 | 6.82 | -0.695% | ||
| S3 | 6.74 | -1.86% |
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
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