National Presto Industries Inc Stock Forecast
National Presto Industries Inc stock price up 0.0362% on Friday
(Updated on Apr 26, 2024)
The National Presto Industries Inc stock price gained 0.0362% on the last trading day (Friday, 26th Apr 2024), rising from $82.95 to $82.98. During the last trading day the stock fluctuated 0.96% from a day low at $82.76 to a day high of $83.56. The price has risen in 6 of the last 10 days and is up by 4.26% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 16 thousand shares were bought and sold for approximately $1.31 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 5.64% during the next 3 months and, with a 90% probability hold a price between $81.75 and $90.08 at the end of this 3-month period.
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NPK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -0.98%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The National Presto Industries Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $82.38 and $80.10. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for National Presto Industries Inc stock
National Presto Industries Inc finds support from accumulated volume at $80.28 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 controlled movements and therefore the general risk is considered 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 $0.798 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: $80.14 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (NPK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect National Presto Industries Inc to open at $83.10, and during the day (based on 14 day Average True Range), to move between $81.75 and $84.21, which gives a possible trading interval of +/-$1.23 (+/-1.49%) up or down from last closing price. If National Presto Industries Inc takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $83.02 (0.05%) than the support at $80.28 (3.25%), 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 National Presto Industries Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for National Presto Industries Inc stock to perform well in the short-term.
Current score: 1.983 Buy Candidate Unchanged
Predicted Opening Price for National Presto Industries Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $83.10 ( 0.144%) | $82.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NPK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.90 | 1.10 % | |
| R2 | 83.59 | 0.738 % | ||
| R1 | 83.40 | 0.511 % | ||
| Current price: | 82.98 | |||
| Support | S1 | 82.79 | -0.224 % | |
| S2 | 82.61 | -0.450 % | ||
| S3 | 82.30 | -0.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.80 | 0.99 % | |
| R2 | 83.44 | 0.554 % | ||
| R1 | 83.02 | 0.0482 % | ||
| Current price | 82.98 | |||
| Support | S1 | 80.28 | -3.25% | |
| S2 | 79.53 | -4.16% | ||
| S3 | 79.03 | -4.76% |
NPK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 29, 2024 | Mar 15, 2024 | $1.00 | 1.31% |
| 2 | Feb 17, 2023 | Feb 28, 2023 | Mar 15, 2023 | $4.00 | 5.37% |
| 3 | Feb 11, 2022 | Feb 28, 2022 | Mar 15, 2022 | $4.50 | 5.65% |
| 4 | Feb 19, 2021 | Feb 26, 2021 | Mar 12, 2021 | $6.25 | 5.95% |
| 5 | Jan 22, 2020 | Feb 28, 2020 | Mar 13, 2020 | $6.00 | 7.59% |
FAQ
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