Northwest Bancshares Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Northwest Bancshares stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Northwest Bancshares stock price gained 0.610% on the last trading day (Tuesday, 2nd Jul 2024), rising from $11.48 to $11.55. During the last trading day the stock fluctuated 1.31% from a day low at $11.43 to a day high of $11.58. The price has risen in 6 of the last 10 days and is up by 6.16% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 489 thousand shares were bought and sold for approximately $5.64 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 stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $11.55 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Northwest Bancshares stock with a 90% probability to be traded between $10.69 and $11.62 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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NWBI Signals & Forecast
The Northwest Bancshares 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 $11.28 and $11.03. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Northwest Bancshares stock
Northwest Bancshares finds support from accumulated volume at $11.11 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 $0.150 (1.31%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.
The Northwest Bancshares stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $11.21 (-2.94%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (NWBI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Northwest Bancshares to open at $11.52, and during the day (based on 14 day Average True Range), to move between $11.34 and $11.76, which gives a possible trading interval of +/-$0.207 (+/-1.79%) up or down from last closing price. If Northwest Bancshares takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.11, some $0.440 (3.81%) from the current price of $11.55, our system finds the risk reward attractive.
Is Northwest Bancshares stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Northwest Bancshares stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.878 Buy Candidate Upgraded
Predicted Opening Price for Northwest Bancshares of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$11.52 ( 0.260%) | $11.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NWBI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.67 | 1.04% |
R2 | 11.61 | 0.543% |
R1 | 11.58 | 0.236% |
Price | 11.55 | |
S1 | 11.46 | -0.756% |
S2 | 11.43 | -1.06% |
S3 | 11.37 | -1.56% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 11.55 | |
S1 | 11.11 | -3.81% |
S2 | 10.89 | -5.71% |
S3 | 10.82 | -6.32% |
NWBI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | May 01, 2024 | May 15, 2024 | $0.200 | 1.77% |
2 | Jan 18, 2024 | Feb 01, 2024 | Feb 14, 2024 | $0.200 | 1.70% |
3 | Oct 23, 2023 | Nov 01, 2023 | Nov 14, 2023 | $0.200 | 1.76% |
4 | Jul 19, 2023 | Aug 02, 2023 | Aug 14, 2023 | $0.200 | 1.69% |
5 | Apr 19, 2023 | May 03, 2023 | May 15, 2023 | $0.200 | 1.88% |
FAQ
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