Northern Trust Corporation Trust Forecast
Northern Trust Corporation trust downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Northern Trust Corporation trust price gained 0.681% on the last trading day (Tuesday, 25th Jun 2024), rising from $20.55 to $20.69. During the last trading day the trust fluctuated 0.83% from a day low at $20.56 to a day high of $20.73. The price has risen in 6 of the last 10 days but is still down by -1.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $591.53 thousand.
The trust is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Northern Trust Corporation trust with a 90% probability to be traded between $20.04 and $20.61 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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NTRSO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.12%. Further rise is indicated until a new top pivot has been found. Northern Trust Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Northern Trust Corporation trust 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 trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at $20.82. On a fall, the trust will find some support from the short-term average at $20.55. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Northern Trust Corporation trust
Northern Trust Corporation finds support from accumulated volume at $20.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.170 between high and low, or 0.83%. For the last week the trust has had daily average volatility of 0.703%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTRSO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Northern Trust Corporation to open at $20.66, and during the day (based on 14 day Average True Range), to move between $20.40 and $20.98, which gives a possible trading interval of +/-$0.285 (+/-1.38%) up or down from last closing price. If Northern Trust Corporation takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.76 (0.31%) than the support at $20.54 (0.72%), 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 trust A Buy?
Northern Trust Corporation 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 trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.231 Sell Candidate Downgraded
Predicted Opening Price for Northern Trust Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $20.66 ( 0.145%) | $20.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTRSO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.83 | 0.677% |
| R2 | 20.77 | 0.363% |
| R1 | 20.72 | 0.169% |
| Price | 20.69 | |
| S1 | 20.60 | -0.459% |
| S2 | 20.55 | -0.653% |
| S3 | 20.49 | -0.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.23 | 2.61% |
| R2 | 20.87 | 0.87% |
| R1 | 20.76 | 0.314% |
| Price | 20.69 | |
| S1 | 20.54 | -0.723% |
| S2 | 20.53 | -0.773% |
| S3 | 20.50 | -0.92% |
NTRSO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Jun 15, 2024 | Jul 01, 2024 | $0.294 | 1.43% |
| 2 | Jan 17, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.294 | 1.30% |
| 3 | Oct 17, 2023 | Dec 14, 2023 | Jan 01, 2024 | $0.294 | 1.39% |
| 4 | Jul 18, 2023 | Sep 14, 2023 | Oct 01, 2023 | $0.294 | 1.40% |
| 5 | Apr 25, 2023 | Jun 14, 2023 | Jul 01, 2023 | $0.294 | 1.41% |
FAQ
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