Nsts Bancorp, Inc. Stock Forecast
Weaker technical forecast for Nsts Bancorp, Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The Nsts Bancorp, Inc. stock price fell by -0.311% on the last day (Wednesday, 26th Jun 2024) from $9.64 to $9.61. During the last trading day the stock fluctuated 0.312% from a day low at $9.61 to a day high of $9.64. The price has risen in 4 of the last 10 days but is still down by -0.41% for this period. 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, 4 thousand shares were bought and sold for approximately $35.74 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nsts Bancorp, Inc. stock with a 90% probability to be traded between $9.67 and $9.88 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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NSTS Signals & Forecast
There are few to no technical positive signals at the moment. The Nsts Bancorp, 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 $9.62 and $9.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.33%. 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). Nsts Bancorp, 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.
Support, Risk & Stop-loss for Nsts Bancorp, Inc. stock
Nsts Bancorp, Inc. finds support from accumulated volume at $9.59 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 $0.0300 between high and low, or 0.312%. For the last week the stock has had daily average volatility of 0.166%.
Our recommended stop-loss: $9.28 (-3.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (NSTS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Nsts Bancorp, Inc. to open at $9.62, and during the day (based on 14 day Average True Range), to move between $9.56 and $9.66, which gives a possible trading interval of +/-$0.0497 (+/-0.52%) up or down from last closing price. If Nsts Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 1.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.62 (0.10%) than the support at $9.59 (0.21%), 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 Nsts Bancorp, Inc. stock A Buy?
Nsts Bancorp, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.864 Hold/Accumulate Downgraded
Predicted Opening Price for Nsts Bancorp, Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $9.62 ( 0.104%) | $9.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSTS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.65 | 0.416% |
| R2 | 9.64 | 0.297% |
| R1 | 9.63 | 0.223% |
| Price | 9.61 | |
| S1 | 9.61 | -0.0152% |
| S2 | 9.60 | -0.0889% |
| S3 | 9.59 | -0.208% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.68 | 0.728% |
| R2 | 9.65 | 0.416% |
| R1 | 9.62 | 0.104% |
| Price | 9.61 | |
| S1 | 9.59 | -0.208% |
| S2 | 9.58 | -0.312% |
| S3 | 9.55 | -0.624% |
FAQ
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