National Tyre & Wheel Limited Stock Forecast
Red day on Monday for National Tyre & Wheel Limited
(Updated on Jun 17, 2024)
No changes to the price of National Tyre & Wheel Limited stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 3.45% from a day low at $0.435 to a day high of $0.450. The price has risen in 5 of the last 10 days and is up by 1.12% over the past 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.435 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.87% during the next 3 months and, with a 90% probability hold a price between $0.345 and $0.415 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
There are mixed signals in the stock today. 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 $0.451 and $0.483. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 2.27%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for National Tyre & Wheel Limited stock
National Tyre & Wheel Limited finds support from accumulated volume at $0.445 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 3.45%. For the last week, the stock has had daily average volatility of 2.97%.
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 Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect National Tyre & Wheel Limited to open at $0.445, and during the day (based on 14 day Average True Range), to move between $0.435 and $0.465, which gives a possible trading interval of +/-$0.0148 (+/-3.29%) 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 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.455 (1.11%) than the support at $0.445 (1.11%), 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 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: -1.343 Sell Candidate Unchanged
Predicted Opening Price for National Tyre & Wheel Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.445 ( 1.11%) | $0.450 |
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 | 0.460 | 2.22% |
| R2 | 0.454 | 0.95% |
| R1 | 0.451 | 0.162% |
| Price | 0.450 | |
| S1 | 0.439 | -2.38% |
| S2 | 0.436 | -3.17% |
| S3 | 0.430 | -4.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.520 | 15.56% |
| R2 | 0.515 | 14.44% |
| R1 | 0.455 | 1.11% |
| Price | 0.450 | |
| S1 | 0.445 | -1.11% |
| S2 | 0.440 | -2.22% |
| 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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