Northrop Grumman Corporation Stock Forecast

Northrop Grumman Corporation stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)

NOC Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.377%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Northrop Grumman Corporation 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 $454.31 and $461.33. 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 Northrop Grumman Corporation stock

Northrop Grumman Corporation finds support from accumulated volume at $451.29 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $5.42 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 2.10%.

Northrop Grumman Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $425.39 (-5.90%) (This stock has low daily movements and this gives low risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (NOC) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Northrop Grumman Corporation to open at $451.45, and during the day (based on 14 day Average True Range), to move between $444.66 and $459.44, which gives a possible trading interval of +/-$7.39 (+/-1.63%) up or down from last closing price. If Northrop Grumman Corporation takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $451.29 (0.17%) than the resistance at $454.50 (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Northrop Grumman Corporation stock A Buy?

Northrop Grumman Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.139 Hold/Accumulate Upgraded

Predicted Opening Price for Northrop Grumman Corporation of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.