National Tyre & Wheel Limited Stock Forecast
National Tyre & Wheel Limited stock price ended at $0.455 on Friday, after losing 1.09%.
(Updated on May 24, 2024)
The National Tyre & Wheel Limited stock price fell by -1.09% on the last day (Friday, 24th May 2024) from $0.460 to $0.455. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.20% from a day low at $0.455 to a day high of $0.465. The price has fallen in 7 of the last 10 days and is down by -10.78% for this period. Volume has increased on the last day by 11 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, 33 thousand shares were bought and sold for approximately $14.83 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.428 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.21% during the next 3 months and, with a 90% probability hold a price between $0.380 and $0.531 at the end of this 3-month period.
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NTD.AX Signals & Forecast
There are few to no technical positive signals at the moment. The National Tyre & Wheel Limited 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 $0.482 and $0.520. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -29.46%. 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). National Tyre & Wheel Limited 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 National Tyre & Wheel Limited 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 $0.0100 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 2.35%.
National Tyre & Wheel Limited is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTD.AX) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect National Tyre & Wheel Limited to open at $0.458, and during the day (based on 14 day Average True Range), to move between $0.443 and $0.467, which gives a possible trading interval of +/-$0.0118 (+/-2.60%) up or down from last closing price. If National Tyre & Wheel Limited takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.490, some $0.0350 (7.69%) from the current price of $0.455, our system finds the risk reward not very attractive.
Is National Tyre & Wheel Limited stock A Buy?
National Tyre & Wheel Limited 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: -3.107 Sell Candidate Unchanged
Predicted Opening Price for National Tyre & Wheel Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| $0.458 ( 0.733%) | $0.455 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTD.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.468 | 2.93 % | |
| R2 | 0.465 | 2.09 % | ||
| R1 | 0.462 | 1.57 % | ||
| Current price: | 0.455 | |||
| Support | S1 | 0.455 | -0.107 % | |
| S2 | 0.452 | -0.626 % | ||
| S3 | 0.448 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.520 | 14.29 % | |
| R2 | 0.500 | 9.89 % | ||
| R1 | 0.490 | 7.69 % | ||
| Current price | 0.455 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | $0.0150 | 1.79% |
| 2 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | $0.0300 | 2.40% |
| 3 | Sep 17, 2021 | Sep 17, 2021 | Sep 17, 2021 | $0.0500 | 4.31% |
| 4 | Mar 12, 2021 | Mar 12, 2021 | Mar 12, 2021 | $0.0300 | 3.53% |
| 5 | Feb 25, 2020 | Mar 12, 2020 | Mar 23, 2020 | $0.0125 | 5.68% |
FAQ
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