National Tyre & Wheel Limited Stock Forecast
National Tyre & Wheel Limited stock price down 1.18% on Wednesday
(Updated on Jun 26, 2024)
The National Tyre & Wheel Limited stock price fell by -1.18% on the last day (Wednesday, 26th Jun 2024) from $0.425 to $0.420. During the last trading day the stock fluctuated 3.66% from a day low at $0.410 to a day high of $0.425. The price has fallen in 5 of the last 10 days and is down by -5.62% for this period. Volume has increased on the last day by 248 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, 325 thousand shares were bought and sold for approximately $136.62 thousand.
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 -27.24% during the next 3 months and, with a 90% probability hold a price between $0.281 and $0.343 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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NTD.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 5.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The National Tyre & Wheel Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.462. On a fall, the stock will find some support from the short-term average at $0.419. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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".
Support, Risk & Stop-loss for National Tyre & Wheel Limited stock
National Tyre & Wheel Limited finds support from accumulated volume at $0.410 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0150 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 4.45%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect National Tyre & Wheel Limited to open at $0.418, and during the day (based on 14 day Average True Range), to move between $0.402 and $0.438, which gives a possible trading interval of +/-$0.0175 (+/-4.18%) 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 8.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.410 (2.38%) than the resistance at $0.445 (5.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is National Tyre & Wheel Limited stock A Buy?
National Tyre & Wheel Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.209 Sell Candidate Unchanged
Predicted Opening Price for National Tyre & Wheel Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.418 ( 0.397%) | $0.420 |
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 | |
|---|---|---|
| R3 | 0.433 | 3.17% |
| R2 | 0.428 | 1.81% |
| R1 | 0.424 | 0.97% |
| Price | 0.420 | |
| S1 | 0.413 | -1.76% |
| S2 | 0.409 | -2.60% |
| S3 | 0.403 | -3.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.520 | 23.81% |
| R2 | 0.450 | 7.14% |
| R1 | 0.445 | 5.95% |
| Price | 0.420 | |
| S1 | 0.410 | -2.38% |
| S2 | 0.400 | -4.76% |
| 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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