NatWest Group plc 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:
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
NatWest Group plc stock price up 1.16% on Monday
(Updated on May 06, 2024)
The NatWest Group plc stock price gained 1.16% on the last trading day (Monday, 6th May 2024), rising from $7.78 to $7.87. During the last trading day the stock fluctuated 1.51% from a day low at $7.81 to a day high of $7.93. The price has risen in 6 of the last 10 days and is up by 11% over the past 2 weeks. Volume fell on the last day by -364 thousand shares and in total, 946 thousand shares were bought and sold for approximately $7.45 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 upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $7.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 37.38% during the next 3 months and, with a 90% probability hold a price between $9.92 and $10.91 at the end of this 3-month period.
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NWG Signals & Forecast
Mostly positive signals in the chart today. The NatWest Group plc 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 $7.77 and $7.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 27.14%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for NatWest Group plc stock
On the downside, the stock finds support just below today's level from accumulated volume at $7.15 and $7.13. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NatWest Group plc finds support just below today's level at $7.15. If this is broken, then the next support from accumulated volume will be at $7.13 and $5.93.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.118 between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 1.43%.
The NatWest Group plc 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. 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: $7.65 (-2.74%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (NWG) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NatWest Group plc to open at $7.87, and during the day (based on 14 day Average True Range), to move between $7.72 and $8.02, which gives a possible trading interval of +/-$0.146 (+/-1.85%) up or down from last closing price. If NatWest Group plc takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $7.15, some $0.720 (9.15%) from the current price of $7.87, our system finds the risk reward attractive.
Is NatWest Group plc 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 NatWest Group plc stock to perform well in the short-term.
Current score: 3.570 Buy Candidate Unchanged
Predicted Opening Price for NatWest Group plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $7.87 ( 0.0085%) | $7.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NWG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.99 | 1.51 % | |
| R2 | 7.94 | 0.94 % | ||
| R1 | 7.92 | 0.581 % | ||
| Current price: | 7.87 | |||
| Support | S1 | 7.83 | -0.564 % | |
| S2 | 7.80 | -0.92 % | ||
| S3 | 7.75 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 7.87 | |||
| Support | S1 | 7.15 | -9.15% | |
| S2 | 7.13 | -9.40% | ||
| S3 | 5.93 | -24.65% |
NWG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 14, 2024 | Apr 29, 2024 | $0.283 | 3.67% |
| 2 | Nov 24, 2023 | Dec 01, 2023 | Dec 29, 2023 | $0.135 | 2.40% |
| 3 | Jul 28, 2023 | Aug 10, 2023 | Sep 15, 2023 | $0.141 | 2.38% |
| 4 | Feb 17, 2023 | Mar 16, 2023 | May 02, 2023 | $0.240 | 3.70% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | $0.421 | 7.06% |
FAQ
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