Nobility Homes, Inc. Stock Forecast
Red day on Thursday for Nobility Homes, Inc. stock after losing 0%
(Updated on Jun 27, 2024)
No changes to the price of Nobility Homes, Inc. stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $30.05 to a day high of $30.05. The price has been going up and down for this period, and there has been a -3.06% 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 -13.05% during the next 3 months and, with a 90% probability hold a price between $24.99 and $27.08 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 Monday, June 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 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 $30.16 and $31.94. A break-up above any of these levels will issue buy signals. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.632%
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: $27.95 (-6.98%) (This stock has low daily movements and this gives low risk. Low RSI14 is 1 which reduces the risk some. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (NOBH) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Nobility Homes, Inc. to open at $30.05, and during the day (based on 14 day Average True Range), to move between $29.67 and $30.43, which gives a possible trading interval of +/-$0.384 (+/-1.28%) up or down from last closing price. If Nobility Homes, Inc. takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $30.30, some $0.250 (0.83%) from the current price of $30.05, our system finds the risk reward not very attractive.
Is Nobility Homes, Inc. stock A Buy?
Nobility Homes, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Nobility Homes, Inc. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$30.05 ( 0%) | $30.05 |
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 | 30.05 | - |
R2 | 30.05 | - |
R1 | 30.05 | - |
Price | 30.05 | |
S1 | 30.05 | - |
S2 | 30.05 | - |
S3 | 30.05 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.25 | 17.30% |
R2 | 31.00 | 3.16% |
R1 | 30.30 | 0.83% |
Price | 30.05 | |
S1 | 0 | - |
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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