National Western Life Group 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
National Western Life Group stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
The National Western Life Group stock price fell by -0.0859% on the last day (Friday, 3rd May 2024) from $488.90 to $488.48. During the last trading day the stock fluctuated 0.273% from a day low at $488.20 to a day high of $489.54. The price has been going up and down for this period, and there has been a 0.2% gain for the last 2 weeks. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 24 thousand shares were bought and sold for approximately $11.60 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $488.12 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect National Western Life Group stock with a 90% probability to be traded between $494.93 and $502.03 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
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.345%. 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). 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $489.50. On a fall, the stock will find some support from the short-term average at $488.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for National Western Life Group stock
National Western Life Group finds support from accumulated volume at $487.81 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 $1.34 between high and low, or 0.273%. For the last week the stock has had daily average volatility of 0.315%.
Our recommended stop-loss: $464.03 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (NWLI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect National Western Life Group to open at $488.74, and during the day (based on 14 day Average True Range), to move between $486.72 and $490.24, which gives a possible trading interval of +/-$1.76 (+/-0.36%) 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 0.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $487.81 (0.14%) than the resistance at $490.33 (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is National Western Life Group stock A Buy?
National Western Life Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.878 Hold/Accumulate Downgraded
Predicted Opening Price for National Western Life Group of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$488.74 ( 0.0529%) | $488.48 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 490.07 | 0.326 % | |
R2 | 489.56 | 0.222 % | ||
R1 | 489.25 | 0.157 % | ||
Current price: | 488.48 | |||
Support | S1 | 488.23 | -0.0515 % | |
S2 | 487.91 | -0.116 % | ||
S3 | 487.40 | -0.220 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 491.10 | 0.536 % | |
R2 | 490.41 | 0.395 % | ||
R1 | 490.33 | 0.379 % | ||
Current price | 488.48 | |||
Support | S1 | 487.81 | -0.137% | |
S2 | 487.21 | -0.260% | ||
S3 | 486.80 | -0.344% |
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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