National Bankshares Stock Forecast
Green day on Friday for National Bankshares
(Updated on Apr 19, 2024)
The National Bankshares stock price gained 2.91% on the last trading day (Friday, 19th Apr 2024), rising from $27.87 to $28.68. During the last trading day the stock fluctuated 4.22% from a day low at $27.52 to a day high of $28.68. The price has fallen in 6 of the last 10 days and is down by -8.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $361.17 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $27.86 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect National Bankshares stock with a 90% probability to be traded between $27.40 and $33.90 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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NKSH Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found. National Bankshares 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The National Bankshares stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.76 and $32.13. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for National Bankshares stock
National Bankshares finds support from accumulated volume at $28.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.16 between high and low, or 4.22%. For the last week, the stock has had daily average volatility of 4.35%.
National Bankshares is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NKSH) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect National Bankshares to open at $28.29, and during the day (based on 14 day Average True Range), to move between $27.44 and $29.92, which gives a possible trading interval of +/-$1.24 (+/-4.34%) up or down from last closing price. If National Bankshares takes out the full calculated possible swing range there will be an estimated 8.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.22 (1.60%) than the resistance at $32.31 (12.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is National Bankshares stock A Buy?
National Bankshares holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.029 Sell Candidate Unchanged
Predicted Opening Price for National Bankshares of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $28.29 ( 1.35%) | $28.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NKSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.45 | 2.70 % | |
| R2 | 29.01 | 1.15 % | ||
| R1 | 28.74 | 0.197 % | ||
| Current price: | 28.68 | |||
| Support | S1 | 27.85 | -2.89 % | |
| S2 | 27.58 | -3.85 % | ||
| S3 | 27.13 | -5.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.75 | 17.68 % | |
| R2 | 33.22 | 15.83 % | ||
| R1 | 32.31 | 12.66 % | ||
| Current price | 28.68 | |||
| Support | S1 | 28.22 | -1.60% | |
| S2 | 28.01 | -2.34% | ||
| S3 | 27.87 | -2.82% |
NKSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 08, 2023 | Nov 17, 2023 | Dec 01, 2023 | $0.780 | 2.82% |
| 2 | May 10, 2023 | May 19, 2023 | Jun 01, 2023 | $0.730 | 2.67% |
| 3 | Jan 11, 2023 | Jan 20, 2023 | Feb 03, 2023 | $1.00 | 2.47% |
| 4 | Nov 09, 2022 | Nov 18, 2022 | Dec 01, 2022 | $0.780 | 1.98% |
| 5 | May 12, 2022 | May 20, 2022 | Jun 01, 2022 | $0.720 | 2.21% |
FAQ
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