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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of NWPX
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Northwest Pipe Company stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)

Hold candidate since Apr 17, 2024 PDF

The Northwest Pipe Company stock price fell by -2.14% on the last day (Wednesday, 17th Apr 2024) from $32.77 to $32.07. During the last trading day the stock fluctuated 3.22% from a day low at $31.97 to a day high of $33.00. The price has fallen in 7 of the last 10 days and is down by -7.92% for this period. Volume has increased on the last day by 1 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 $779.01 thousand.

Given the current short-term trend, the stock is expected to rise 21.55% during the next 3 months and, with a 90% probability hold a price between $38.98 and $44.26 at the end of this 3-month period.

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NWPX Signals & Forecast

There are few to no technical positive signals at the moment. The Northwest Pipe Company 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 $33.13 and $33.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -8.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Northwest Pipe Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Northwest Pipe Company stock

Northwest Pipe Company finds support from accumulated volume at $31.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.03 (3.22%) between high and low. For the last week, the stock has had daily average volatility of 2.82%.

Northwest Pipe Company is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $30.48 (-4.97%) (This stock has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (NWPX) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Northwest Pipe Company to open at $32.35, and during the day (based on 14 day Average True Range), to move between $31.30 and $32.84, which gives a possible trading interval of +/-$0.770 (+/-2.40%) up or down from last closing price. If Northwest Pipe Company takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $32.38 (0.97%) than the support at $31.27 (2.49%), 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 Northwest Pipe Company stock A Buy?

Northwest Pipe Company 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.599 Hold/Accumulate Upgraded

Predicted Opening Price for Northwest Pipe Company of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$32.35 ( 0.86%) $32.07

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NWPX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 33.38 4.07 %
R2 32.98 2.85 %
R1 32.74 2.09 %
Current price: 32.07
Support S1 31.95 -0.360 %
S2 31.71 -1.12 %
S3 31.32 -2.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 35.16 9.64 %
R2 33.83 5.49 %
R1 32.38 0.97 %
Current price 32.07
Support S1 31.27 -2.49%
S2 30.37 -5.30%
S3 29.63 -7.61%

FAQ

What is the symbol for Northwest Pipe Company Stock and on which exchange is it traded?
The symbol for Northwest Pipe Company is NWPX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Northwest Pipe Company Stock?
Northwest Pipe Company 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Northwest Pipe Company Stock?
Northwest Pipe Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Northwest Pipe Company Stock.

What's the current price of Northwest Pipe Company Stock?
As of the end of day on the 2024-04-17, the price of an Northwest Pipe Company (NWPX) share was $32.07.

What is the 52-week high and low for Northwest Pipe Company Stock?
The 52-week high for Northwest Pipe Company Stock is $35.29 and the 52-week low is $25.58.

What is the market capitalization of Northwest Pipe Company Stock?
As of the 2024-04-17, the market capitalization of Northwest Pipe Company is 317.244M.

When is the next earnings date for Northwest Pipe Company?
The upcoming earnings date for Northwest Pipe Company is May 01, 2024.
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