Northern Bear Plc Stock Forecast
Red day on Friday for Northern Bear Plc
(Updated on May 03, 2024)
No changes to the price of Northern Bear Plc stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 4.78% from a day low at £57.50 to a day high of £60.25. The price has been going up and down for this period, and there has been a -4.49% loss for the last 2 weeks.
The stock lies in the middle of a 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 -6.93% during the next 3 months and, with a 90% probability hold a price between £52.11 and £57.39 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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NTBR.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Northern Bear Plc 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 £58.79 and £59.15. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 5.41% to £61.67 within 6 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Northern Bear Plc stock
Northern Bear Plc finds support from accumulated volume at £58.25 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 £2.75 between high and low, or 4.78%. For the last week the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTBR.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Northern Bear Plc to open at £58.75, and during the day (based on 14 day Average True Range), to move between £56.83 and £60.17, which gives a possible trading interval of +/-£1.67 (+/-2.85%) up or down from last closing price. If Northern Bear Plc takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £58.25 (0.43%) than the resistance at £59.00 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Northern Bear Plc stock A Buy?
Northern Bear Plc holds several negative signals and is within a 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: -1.486 Sell Candidate Unchanged
Predicted Opening Price for Northern Bear Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £58.75 ( 0.427%) | £58.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTBR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.50 | 5.13 % | |
| R2 | 60.45 | 3.33 % | ||
| R1 | 59.80 | 2.22 % | ||
| Current price: | 58.50 | |||
| Support | S1 | 57.70 | -1.37 % | |
| S2 | 57.05 | -2.48 % | ||
| S3 | 56.00 | -4.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.00 | 7.69 % | |
| R2 | 59.50 | 1.71 % | ||
| R1 | 59.00 | 0.85 % | ||
| Current price | 58.50 | |||
| Support | S1 | 58.25 | -0.427% | |
| S2 | 58.01 | -0.84% | ||
| S3 | 58.00 | -0.85% |
NTBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | £0 | 0% |
| 2 | Jul 15, 2019 | Aug 08, 2019 | Aug 30, 2019 | £0.750 | 1.21% |
| 3 | Jul 16, 2018 | Aug 09, 2018 | Aug 31, 2018 | £1.00 | 1.32% |
| 4 | Jul 18, 2017 | Aug 10, 2017 | Sep 01, 2017 | £1.50 | 1.82% |
| 5 | Jul 11, 2016 | Aug 04, 2016 | Aug 26, 2016 | £2.00 | 4.44% |
FAQ
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