NAPCO Security Technologies Stock Forecast
NAPCO Security Technologies stock price ended at $43.32 on Tuesday, after gaining 4.61%.
(Updated on Apr 23, 2024)
The NAPCO Security Technologies stock price gained 4.61% on the last trading day (Tuesday, 23rd Apr 2024), rising from $41.41 to $43.32. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.71% from a day low at $41.42 to a day high of $43.37. The price has risen in 6 of the last 10 days and is up by 6.65% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 361 thousand more shares were traded than the day before. In total, 713 thousand shares were bought and sold for approximately $30.88 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NAPCO Security Technologies stock with a 90% probability to be traded between $37.69 and $45.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NSSC Signals & Forecast
Mostly positive signals in the chart today. The NAPCO Security Technologies 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 $40.19 and $40.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 12.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NAPCO Security Technologies stock
NAPCO Security Technologies finds support from accumulated volume at $42.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.95 (4.71%) between high and low. For the last week, the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: $41.46 (-4.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (NSSC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect NAPCO Security Technologies to open at $42.70, and during the day (based on 14 day Average True Range), to move between $42.11 and $44.53, which gives a possible trading interval of +/-$1.21 (+/-2.80%) up or down from last closing price. If NAPCO Security Technologies takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.43 (0.25%) than the support at $42.55 (1.78%), 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 NAPCO Security Technologies stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NAPCO Security Technologies stock to perform well in the short-term period.
Current score: 3.052 Buy Candidate Unchanged
Predicted Opening Price for NAPCO Security Technologies of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $42.70 ( 1.42%) | $43.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.65 | 3.08 % | |
| R2 | 43.91 | 1.36 % | ||
| R1 | 43.45 | 0.296 % | ||
| Current price: | 43.32 | |||
| Support | S1 | 41.96 | -3.14 % | |
| S2 | 41.50 | -4.21 % | ||
| S3 | 40.75 | -5.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.00 | 3.88 % | |
| R2 | 43.87 | 1.27 % | ||
| R1 | 43.43 | 0.254 % | ||
| Current price | 43.32 | |||
| Support | S1 | 42.55 | -1.78% | |
| S2 | 41.15 | -5.01% | ||
| S3 | 39.00 | -9.97% |
NSSC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Mar 01, 2024 | Mar 22, 2024 | $0.100 | 0.254% |
| 2 | Feb 01, 2024 | Feb 29, 2024 | Mar 22, 2024 | $0.100 | 0.254% |
| 3 | Nov 02, 2023 | Nov 30, 2023 | Dec 22, 2023 | $0.0800 | 0.230% |
| 4 | Aug 18, 2023 | Aug 31, 2023 | Sep 22, 2023 | $0.0800 | 0.347% |
| 5 | May 05, 2023 | May 19, 2023 | Jun 12, 2023 | $0.0630 | 0.157% |
FAQ
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