NL Industries Inc 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
Is NL Industries Inc stock still a buy after falling -8.48% on Friday?
(Updated on May 10, 2024)
The NL Industries Inc stock price fell by -8.48% on the last day (Friday, 10th May 2024) from $8.61 to $7.88. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 9.07% from a day low at $7.83 to a day high of $8.54. The price has risen in 6 of the last 10 days and is up by 0.9% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 51 thousand shares were bought and sold for approximately $401.12 thousand.
Given the current short-term trend, the stock is expected to rise 79.77% during the next 3 months and, with a 90% probability hold a price between $14.17 and $16.30 at the end of this 3-month period.
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NL Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The NL Industries Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $8.45 and $8.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -11.16%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, December 07, 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 Thursday, December 07, 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 NL Industries Inc stock
NL Industries Inc finds support from accumulated volume at $7.67 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.710 between high and low, or 9.07%. For the last week the stock has had daily average volatility of 5.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NL) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect NL Industries Inc to open at $8.08, and during the day (based on 14 day Average True Range), to move between $7.50 and $8.26, which gives a possible trading interval of +/-$0.384 (+/-4.87%) up or down from last closing price. If NL Industries Inc takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.67 (2.66%) than the resistance at $8.14 (3.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NL Industries Inc stock A Buy?
The NL Industries Inc stock holds several negative signals and despite the positive trend, we believe NL Industries Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Strong Sell candidate.
Current score: -5.469 Strong Sell Candidate Downgraded
Predicted Opening Price for NL Industries Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $8.08 ( 2.58%) | $7.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.79 | 11.59 % | |
| R2 | 8.52 | 8.15 % | ||
| R1 | 8.35 | 6.02 % | ||
| Current price: | 7.88 | |||
| Support | S1 | 7.81 | -0.86 % | |
| S2 | 7.64 | -2.99 % | ||
| S3 | 7.37 | -6.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.37 | 6.22 % | |
| R2 | 8.21 | 4.19 % | ||
| R1 | 8.14 | 3.30 % | ||
| Current price | 7.88 | |||
| Support | S1 | 7.67 | -2.66% | |
| S2 | 7.12 | -9.64% | ||
| S3 | 6.25 | -20.69% |
NL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 08, 2024 | Mar 21, 2024 | $0.0800 | 1.12% |
| 2 | Oct 26, 2023 | Nov 30, 2023 | Dec 19, 2023 | $0.0700 | 1.29% |
| 3 | Aug 02, 2023 | Aug 31, 2023 | Sep 19, 2023 | $0.0700 | 1.49% |
| 4 | May 18, 2023 | Jun 02, 2023 | Jun 20, 2023 | $0.0700 | 1.22% |
| 5 | Feb 23, 2023 | Mar 06, 2023 | Jun 20, 2023 | $0.0700 | 1.22% |
FAQ
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