National Western Life Group Stock Forecast
National Western Life Group stock price ended at $490.03 on Monday, after gaining 0.0041%.
(Updated on Jun 17, 2024)
The National Western Life Group stock price gained 0.0041% on the last trading day (Monday, 17th Jun 2024), rising from $490.01 to $490.03. During the last trading day the stock fluctuated 0.222% from a day low at $490.03 to a day high of $491.12. The price has been going up and down for this period, and there has been a -0.12% loss for the last 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 11 thousand shares were bought and sold for approximately $5.55 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 narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect National Western Life Group stock with a 90% probability to be traded between $488.09 and $494.13 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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NWLI 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 National Western Life Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $491.41 and $490.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -0.606%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, May 29, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, May 29, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -0.580% to $487.17 within 45 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for National Western Life Group stock
National Western Life Group finds support from accumulated volume at $488.01 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 $1.09 between high and low, or 0.222%. For the last week the stock has had daily average volatility of 0.244%.
Our recommended stop-loss: $472.26 (-3.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (NWLI) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect National Western Life Group to open at $490.39, and during the day (based on 14 day Average True Range), to move between $488.52 and $491.54, which gives a possible trading interval of +/-$1.51 (+/-0.31%) up or down from last closing price. If National Western Life Group takes out the full calculated possible swing range there will be an estimated 0.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $490.33 (0.06%) than the support at $488.01 (0.41%), 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 National Western Life Group stock A Buy?
National Western Life Group holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.478 Hold/Accumulate Unchanged
Predicted Opening Price for National Western Life Group of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $490.39 ( 0.0741%) | $490.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NWLI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 491.48 | 0.297% |
| R2 | 491.07 | 0.212% |
| R1 | 490.81 | 0.159% |
| Price | 490.03 | |
| S1 | 489.98 | -0.0108% |
| S2 | 489.72 | -0.0633% |
| S3 | 489.30 | -0.148% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 490.83 | 0.163% |
| R2 | 490.41 | 0.0775% |
| R1 | 490.33 | 0.0612% |
| Price | 490.03 | |
| S1 | 488.01 | -0.412% |
| S2 | 487.21 | -0.575% |
| S3 | 486.80 | -0.659% |
NWLI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 26, 2023 | Nov 03, 2023 | Dec 01, 2023 | $0.360 | 0.0747% |
| 2 | Oct 21, 2022 | Nov 04, 2022 | Dec 01, 2022 | $0.360 | 0.168% |
| 3 | Oct 26, 2021 | Nov 04, 2021 | Dec 01, 2021 | $0.360 | 0.176% |
| 4 | Nov 03, 2020 | Nov 04, 2020 | Dec 01, 2020 | $0.360 | 0.190% |
| 5 | Oct 18, 2019 | Nov 05, 2019 | Dec 02, 2019 | $0.360 | 0.143% |
FAQ
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