Northern Trust Corporation Stock Forecast
Northern Trust Corporation stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Northern Trust Corporation stock price gained 1.30% on the last trading day (Wednesday, 27th Mar 2024), rising from $86.62 to $87.75. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.76% from a day low at $86.81 to a day high of $88.34. The price has risen in 8 of the last 10 days and is up by 7.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 107 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $97.73 million.
Given the current horizontal trend, you can expect Northern Trust Corporation stock with a 90% probability to be traded between $78.55 and $88.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NTRS Signals & Forecast
Mostly positive signals in the chart today. The Northern Trust Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $85.51 and $81.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 13.27%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Northern Trust Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $81.46 and $81.28. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Northern Trust Corporation finds support just below today's level at $81.46. If this is broken, then the next support from accumulated volume will be at $81.28 and $79.64.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.53 (1.76%) between high and low. For the last week, the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: $84.63 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (NTRS) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Northern Trust Corporation to open at $87.63, and during the day (based on 14 day Average True Range), to move between $85.97 and $89.53, which gives a possible trading interval of +/-$1.78 (+/-2.03%) up or down from last closing price. If Northern Trust Corporation takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $81.46, some $6.29 (7.17%) from the current price of $87.75, our system finds the risk reward attractive.
Is Northern Trust Corporation stock A Buy?
Northern Trust Corporation holds several positive signals and is considered to be a good choice at current levels. We expect the Northern Trust Corporation stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.417 Strong Buy Candidate Upgraded
Predicted Opening Price for Northern Trust Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$87.63 ( 0.133%) | $87.75 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 89.16 | 1.61 % | |
R2 | 88.58 | 0.94 % | ||
R1 | 88.22 | 0.533 % | ||
Current price: | 87.75 | |||
Support | S1 | 87.05 | -0.799 % | |
S2 | 86.69 | -1.21 % | ||
S3 | 86.10 | -1.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 87.75 | |||
Support | S1 | 81.46 | -7.17% | |
S2 | 81.28 | -7.37% | ||
S3 | 79.64 | -9.24% |
NTRS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 17, 2024 | Mar 07, 2024 | Apr 01, 2024 | $0.750 | 0.85% |
2 | Oct 17, 2023 | Dec 07, 2023 | Jan 01, 2024 | $0.750 | 0.89% |
3 | Jul 18, 2023 | Sep 07, 2023 | Oct 01, 2023 | $0.750 | 1.08% |
4 | Apr 25, 2023 | Jun 08, 2023 | Jul 01, 2023 | $0.750 | 1.01% |
5 | Jan 18, 2023 | Mar 09, 2023 | Apr 01, 2023 | $0.750 | 0.85% |
FAQ
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