National Research Corporation Stock Forecast
National Research Corporation stock price ended at $22.89 on Tuesday, after losing 0.0437%.
(Updated on Jul 02, 2024)
The National Research Corporation stock price fell by -0.0437% on the last day (Tuesday, 2nd Jul 2024) from $22.90 to $22.89. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 1.78% from a day low at $22.51 to a day high of $22.91. The price has fallen in 9 of the last 10 days and is down by -9.35% for this period. Volume has increased on the last day by 23 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, 158 thousand shares were bought and sold for approximately $3.62 million.
The stock lies in the middle of a very wide and 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 -34.62% during the next 3 months and, with a 90% probability hold a price between $13.39 and $17.59 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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NRC 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 National Research 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 $23.29 and $27.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -28.11%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for National Research Corporation 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.400 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 2.21%.
National Research Corporation is oversold on RSI14 (10). 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: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NRC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect National Research Corporation to open at $22.77, and during the day (based on 14 day Average True Range), to move between $21.99 and $23.79, which gives a possible trading interval of +/-$0.90 (+/-3.94%) up or down from last closing price. If National Research Corporation takes out the full calculated possible swing range there will be an estimated 7.89% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $22.95, some $0.0600 (0.26%) from the current price of $22.89, our system finds the risk reward not very attractive.
Is National Research Corporation stock A Buy?
National Research Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.272 Sell Candidate Unchanged
Predicted Opening Price for National Research Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $22.77 ( 0.524%) | $22.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.17 | 1.22% |
| R2 | 23.02 | 0.556% |
| R1 | 22.92 | 0.143% |
| Price | 22.89 | |
| S1 | 22.62 | -1.19% |
| S2 | 22.52 | -1.60% |
| S3 | 22.37 | -2.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.37 | 10.83% |
| R2 | 22.99 | 0.437% |
| R1 | 22.95 | 0.262% |
| Price | 22.89 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
NRC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.120 | 0.524% |
| 2 | Feb 13, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.120 | 0.351% |
| 3 | Nov 17, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.120 | 0.306% |
| 4 | Aug 21, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.120 | 0.285% |
| 5 | Sep 06, 2023 | Sep 15, 2023 | Sep 22, 2023 | $1.00 | 2.15% |
FAQ
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