Northland Power 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
Northland Power Inc. stock price ended at $23.49 on Tuesday, after losing 0.128%.
(Updated on Jul 02, 2024)
The Northland Power Inc. stock price fell by -0.128% on the last day (Tuesday, 2nd Jul 2024) from $23.52 to $23.49. During the last trading day the stock fluctuated 2.85% from a day low at $23.18 to a day high of $23.84. The price has fallen in 5 of the last 10 days and is down by -0.93% for this period. 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 -336 thousand shares and in total, 915 thousand shares were bought and sold for approximately $21.50 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.75% during the next 3 months and, with a 90% probability hold a price between $25.84 and $28.77 at the end of this 3-month period.
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NPI.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Northland Power 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 $23.61 and $23.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -4.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Northland Power Inc. stock
Northland Power Inc. finds support from accumulated volume at $22.67 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 $0.660 between high and low, or 2.85%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NPI.TO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Northland Power Inc. to open at $23.50, and during the day (based on 14 day Average True Range), to move between $22.98 and $24.00, which gives a possible trading interval of +/-$0.505 (+/-2.15%) up or down from last closing price. If Northland Power Inc. takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.89 (1.70%) than the support at $22.67 (3.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Northland Power Inc. stock A Buy?
The Northland Power Inc. stock holds several negative signals and despite the positive trend, we believe Northland Power Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.895 Sell Candidate Unchanged
Predicted Opening Price for Northland Power Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $23.50 ( 0.0568%) | $23.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NPI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.16 | 2.87% |
| R2 | 23.91 | 1.79% |
| R1 | 23.76 | 1.13% |
| Price | 23.49 | |
| S1 | 23.25 | -1.02% |
| S2 | 23.10 | -1.68% |
| S3 | 22.84 | -2.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.39 | 3.83% |
| R2 | 24.27 | 3.32% |
| R1 | 23.89 | 1.70% |
| Price | 23.49 | |
| S1 | 22.67 | -3.49% |
| S2 | 20.74 | -11.71% |
| S3 | 20.50 | -12.73% |
NPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.100 | 0.426% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.100 | 0.422% |
| 3 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.100 | 0.441% |
| 4 | Mar 05, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.100 | 0.460% |
| 5 | Feb 13, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.100 | 0.442% |
FAQ
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