Nobility Homes, Inc. Stock Forecast
Nobility Homes, Inc. stock price ended at $30.31 on Friday, after losing 0%.
(Updated on Jun 21, 2024)
No changes to the price of Nobility Homes, Inc. stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $30.31 to a day high of $30.31. The price has been going up and down for this period, and there has been a -2.23% loss for the last 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.58% during the next 3 months and, with a 90% probability hold a price between $26.59 and $28.85 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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NOBH Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.0330%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nobility Homes, Inc. 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 $30.50 and $32.43. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nobility Homes, Inc. stock
Nobility Homes, Inc. finds support from accumulated volume at $30.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Nobility Homes, Inc. is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NOBH) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Nobility Homes, Inc. to open at $30.31, and during the day (based on 14 day Average True Range), to move between $29.89 and $30.73, which gives a possible trading interval of +/-$0.422 (+/-1.39%) up or down from last closing price. If Nobility Homes, Inc. takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.30 (0.03%) than the resistance at $31.00 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nobility Homes, Inc. stock A Buy?
Nobility Homes, Inc. holds several negative signals and is within a 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: -2.485 Sell Candidate Unchanged
Predicted Opening Price for Nobility Homes, Inc. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$30.31 ( 0%) | $30.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOBH
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30.31 | - |
R2 | 30.31 | - |
R1 | 30.31 | - |
Price | 30.31 | |
S1 | 30.31 | - |
S2 | 30.31 | - |
S3 | 30.31 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.25 | 16.30% |
R2 | 33.00 | 8.87% |
R1 | 31.00 | 2.28% |
Price | 30.31 | |
S1 | 30.30 | -0.0330% |
S2 | 0 | - |
S3 | 0 | - |
NOBH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 22, 2024 | Apr 08, 2024 | $1.50 | 4.29% |
2 | Mar 03, 2023 | Mar 17, 2023 | Apr 03, 2023 | $1.00 | 3.70% |
3 | Mar 17, 2022 | Mar 18, 2022 | Apr 04, 2022 | $1.00 | 2.94% |
4 | Mar 11, 2021 | Mar 11, 2021 | Mar 11, 2021 | $1.00 | 3.13% |
5 | Mar 04, 2019 | Mar 14, 2019 | Mar 29, 2019 | $1.00 | 4.44% |
FAQ
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