NorthWestern Corporation Stock Forecast
Green day on Friday for NorthWestern Corporation
(Updated on Apr 19, 2024)
The NorthWestern Corporation stock price gained 2.45% on the last trading day (Friday, 19th Apr 2024), rising from $48.93 to $50.13. 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 2.72% from a day low at $48.86 to a day high of $50.19. The price has risen in 6 of the last 10 days and is up by 0.5% over the past 2 weeks. Volume fell on the last day by -44 thousand shares and in total, 226 thousand shares were bought and sold for approximately $11.35 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 middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.43% during the next 3 months and, with a 90% probability hold a price between $50.13 and $53.74 at the end of this 3-month period.
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NWE Signals & Forecast
The NorthWestern 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 $48.83 and $49.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.66%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NorthWestern Corporation stock
NorthWestern Corporation finds support from accumulated volume at $49.20 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 $1.33 between high and low, or 2.72%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: $48.13 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (NWE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect NorthWestern Corporation to open at $49.73, and during the day (based on 14 day Average True Range), to move between $49.22 and $51.04, which gives a possible trading interval of +/-$0.91 (+/-1.81%) up or down from last closing price. If NorthWestern Corporation takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.27 (0.28%) than the support at $49.20 (1.86%), 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.
Earnings coming up
NorthWestern Corporation will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.39. We will update the financials statements for NorthWestern Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.01% in the first trading day after earnings release.
Is NorthWestern Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NorthWestern Corporation stock to perform well in the short-term.
Current score: 1.562 Buy Candidate Unchanged
Predicted Opening Price for NorthWestern Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $49.73 ( 0.80%) | $50.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NWE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.06 | 1.85 % | |
| R2 | 50.55 | 0.84 % | ||
| R1 | 50.23 | 0.209 % | ||
| Current price: | 50.13 | |||
| Support | S1 | 49.22 | -1.82 % | |
| S2 | 48.90 | -2.44 % | ||
| S3 | 48.40 | -3.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.93 | 1.60 % | |
| R2 | 50.36 | 0.459 % | ||
| R1 | 50.27 | 0.279 % | ||
| Current price | 50.13 | |||
| Support | S1 | 49.20 | -1.86% | |
| S2 | 48.65 | -2.95% | ||
| S3 | 47.40 | -5.45% |
NWE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.650 | 1.28% |
| 2 | Oct 26, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.640 | 1.26% |
| 3 | Jul 24, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.640 | 1.33% |
| 4 | Apr 27, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.640 | 1.13% |
| 5 | Feb 16, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.640 | 1.11% |
FAQ
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