NorthWestern Corporation Stock Forecast
Green day on Tuesday for NorthWestern Corporation
(Updated on Jul 02, 2024)
The NorthWestern Corporation stock price gained 0.346% on the last trading day (Tuesday, 2nd Jul 2024), rising from $49.19 to $49.36. During the last trading day the stock fluctuated 0.538% from a day low at $49.30 to a day high of $49.56. The price has been going up and down for this period, and there has been a -0.42% loss for the last 2 weeks. Volume fell on the last day by -88 thousand shares and in total, 168 thousand shares were bought and sold for approximately $8.28 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NorthWestern Corporation stock with a 90% probability to be traded between $48.56 and $53.40 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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NWE Signals & Forecast
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. The NorthWestern Corporation 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 $49.67 and $50.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -2.06%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for NorthWestern Corporation stock
NorthWestern Corporation finds support from accumulated volume at $49.12 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 $0.265 between high and low, or 0.538%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NWE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect NorthWestern Corporation to open at $49.41, and during the day (based on 14 day Average True Range), to move between $48.55 and $50.17, which gives a possible trading interval of +/-$0.81 (+/-1.64%) up or down from last closing price. If NorthWestern Corporation takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.55 (0.38%) than the support at $49.12 (0.49%), 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 NorthWestern Corporation stock A Buy?
NorthWestern Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.001 Sell Candidate Unchanged
Predicted Opening Price for NorthWestern Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $49.41 ( 0.0912%) | $49.36 |
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 | |
|---|---|---|
| R3 | 49.67 | 0.628% |
| R2 | 49.57 | 0.423% |
| R1 | 49.51 | 0.296% |
| Price | 49.36 | |
| S1 | 49.30 | -0.114% |
| S2 | 49.24 | -0.241% |
| S3 | 49.14 | -0.446% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.40 | 2.11% |
| R2 | 50.08 | 1.46% |
| R1 | 49.55 | 0.385% |
| Price | 49.36 | |
| S1 | 49.12 | -0.486% |
| S2 | 48.90 | -0.93% |
| S3 | 48.52 | -1.70% |
NWE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.650 | 1.30% |
| 2 | Feb 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.650 | 1.28% |
| 3 | Oct 26, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.640 | 1.26% |
| 4 | Jul 24, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.640 | 1.33% |
| 5 | Apr 27, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.640 | 1.13% |
FAQ
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