Northern Trust Corporation Stock Forecast
Northern Trust Corporation stock price up 0.477% on Tuesday
(Updated on Jul 02, 2024)
The Northern Trust Corporation stock price gained 0.477% on the last trading day (Tuesday, 2nd Jul 2024), rising from $83.83 to $84.23. During the last trading day the stock fluctuated 1.78% from a day low at $83.35 to a day high of $84.83. The price has risen in 6 of the last 10 days and is up by 2.62% over the past 2 weeks. Volume fell on the last day by -70 thousand shares and in total, 700 thousand shares were bought and sold for approximately $58.98 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $85.29 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.93% during the next 3 months and, with a 90% probability hold a price between $75.09 and $82.79 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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NTRS Signals & Forecast
The Northern Trust Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $83.25 and $83.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 5.50%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 8.82% to $91.66 within 39 trading days since signal was issued (Wednesday, August 07, 2024).
Support, Risk & Stop-loss for Northern Trust Corporation stock
Northern Trust Corporation finds support from accumulated volume at $82.90 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 $1.48 between high and low, or 1.78%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $81.37 (-3.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (NTRS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Northern Trust Corporation to open at $84.14, and during the day (based on 14 day Average True Range), to move between $82.62 and $85.84, which gives a possible trading interval of +/-$1.61 (+/-1.92%) up or down from last closing price. If Northern Trust Corporation takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $84.24 (0.01%) than the support at $82.90 (1.58%), 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 Northern Trust Corporation stock A Buy?
Northern Trust Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.592 Hold/Accumulate Unchanged
Predicted Opening Price for Northern Trust Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $84.14 ( 0.111%) | $84.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTRS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 85.62 | 1.65% |
| R2 | 85.05 | 0.98% |
| R1 | 84.70 | 0.560% |
| Price | 84.23 | |
| S1 | 83.57 | -0.782% |
| S2 | 83.22 | -1.20% |
| S3 | 82.66 | -1.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.78 | 3.03% |
| R2 | 84.30 | 0.0831% |
| R1 | 84.24 | 0.0119% |
| Price | 84.23 | |
| S1 | 82.90 | -1.58% |
| S2 | 82.76 | -1.75% |
| S3 | 79.56 | -5.54% |
NTRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Jun 07, 2024 | Jul 01, 2024 | $0.750 | 0.89% |
| 2 | Jan 17, 2024 | Mar 07, 2024 | Apr 01, 2024 | $0.750 | 0.85% |
| 3 | Oct 17, 2023 | Dec 07, 2023 | Jan 01, 2024 | $0.750 | 0.89% |
| 4 | Jul 18, 2023 | Sep 07, 2023 | Oct 01, 2023 | $0.750 | 1.08% |
| 5 | Apr 25, 2023 | Jun 08, 2023 | Jul 01, 2023 | $0.750 | 1.01% |
FAQ
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