nVent Electric plc Stock Forecast
Evaluation of nVent Electric plc stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The nVent Electric plc stock price gained 0.652% on the last trading day (Tuesday, 2nd Jul 2024), rising from $75.13 to $75.62. During the last trading day the stock fluctuated 3.62% from a day low at $73.73 to a day high of $76.40. The price has been going up and down for this period, and there has been a -3.57% loss for the last 2 weeks. Volume fell on the last day by -374 thousand shares and in total, 787 thousand shares were bought and sold for approximately $59.54 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 in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $75.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.26% during the next 3 months and, with a 90% probability hold a price between $79.92 and $92.99 at the end of this 3-month period.
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NVT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.652%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The nVent Electric plc 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 $76.45 and $79.69. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for nVent Electric plc stock
nVent Electric plc finds support from accumulated volume at $75.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.67 (3.62%) between high and low. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NVT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect nVent Electric plc to open at $75.25, and during the day (based on 14 day Average True Range), to move between $72.99 and $78.25, which gives a possible trading interval of +/-$2.63 (+/-3.48%) up or down from last closing price. If nVent Electric plc takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $75.89 (0.36%) than the support at $75.00 (0.82%), 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 nVent Electric plc stock A Buy?
The nVent Electric plc stock holds several negative signals and despite the positive trend, we believe nVent Electric plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.300 Sell Candidate Downgraded
Predicted Opening Price for nVent Electric plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $75.25 ( 0.489%) | $75.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 77.92 | 3.04% |
| R2 | 76.90 | 1.69% |
| R1 | 76.27 | 0.86% |
| Price | 75.62 | |
| S1 | 74.23 | -1.84% |
| S2 | 73.60 | -2.67% |
| S3 | 72.58 | -4.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 82.07 | 8.53% |
| R2 | 76.63 | 1.34% |
| R1 | 75.89 | 0.357% |
| Price | 75.62 | |
| S1 | 75.00 | -0.82% |
| S2 | 72.07 | -4.69% |
| S3 | 71.90 | -4.92% |
NVT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | Jul 19, 2024 | Aug 02, 2024 | $0.190 | 0.251% |
| 2 | Feb 19, 2024 | Apr 25, 2024 | May 10, 2024 | $0.190 | 0.232% |
| 3 | Jan 18, 2024 | Jan 18, 2024 | Feb 02, 2024 | $0.190 | 0.300% |
| 4 | Sep 26, 2023 | Oct 19, 2023 | Nov 03, 2023 | $0.175 | 0.351% |
| 5 | May 12, 2023 | Jul 20, 2023 | Aug 04, 2023 | $0.175 | 0.322% |
FAQ
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