NI Holdings Inc Stock Forecast
NI Holdings Inc stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The NI Holdings Inc stock price fell by -1.72% on the last day (Thursday, 25th Apr 2024) from $15.11 to $14.85. During the last trading day the stock fluctuated 1.77% from a day low at $14.68 to a day high of $14.94. The price has fallen in 6 of the last 10 days but is still up by 0.13% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $98.01 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.84 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.50% during the next 3 months and, with a 90% probability hold a price between $16.85 and $19.36 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NODK 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 NI Holdings 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 $14.94 and $14.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -7.99%. Further fall is indicated until a new bottom pivot has been found. NI Holdings Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-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
The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-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 NI Holdings Inc stock
NI Holdings Inc finds support from accumulated volume at $14.83 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 $0.260 between high and low, or 1.77%. For the last week the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NODK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect NI Holdings Inc to open at $14.82, and during the day (based on 14 day Average True Range), to move between $14.48 and $15.22, which gives a possible trading interval of +/-$0.375 (+/-2.52%) up or down from last closing price. If NI Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.83 (0.13%) than the resistance at $14.94 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NI Holdings Inc stock A Buy?
The NI Holdings Inc stock holds several negative signals and despite the positive trend, we believe NI Holdings 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 Hold/Accumulate to a Sell candidate.
Current score: -2.809 Sell Candidate Downgraded
Predicted Opening Price for NI Holdings Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $14.82 ( 0.180%) | $14.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NODK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.08 | 1.57 % | |
| R2 | 14.98 | 0.90 % | ||
| R1 | 14.92 | 0.489 % | ||
| Current price: | 14.85 | |||
| Support | S1 | 14.72 | -0.85 % | |
| S2 | 14.66 | -1.26 % | ||
| S3 | 14.56 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.14 | 8.69 % | |
| R2 | 15.78 | 6.26 % | ||
| R1 | 14.94 | 0.606 % | ||
| Current price | 14.85 | |||
| Support | S1 | 14.83 | -0.135% | |
| S2 | 13.59 | -8.48% | ||
| S3 | 13.50 | -9.09% |
FAQ
Click here for our free guide on how to buy NI Holdings Inc Stock.
