Newmark Security 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
Newmark Security PLC stock price ended at £97.50 on Friday, after losing 1.10%.
(Updated on Jun 14, 2024)
The Newmark Security PLC stock price fell by -1.10% on the last day (Friday, 14th Jun 2024) from £98.58 to £97.50. During the last trading day the stock fluctuated 6.21% from a day low at £91.80 to a day high of £97.50. The price has been going up and down for this period, and there has been a 2.63% gain for the last 2 weeks. Volume has increased on the last day by 7 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, 7 thousand shares were bought and sold for approximately £721.50 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.93% during the next 3 months and, with a 90% probability hold a price between £105.39 and £123.43 at the end of this 3-month period.
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NWT.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -4.88%. 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). Newmark Security PLC 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". The Newmark Security 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 £96.89 and £94.49. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Newmark Security PLC stock
Newmark Security PLC finds support from accumulated volume at £95.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £5.70 between high and low, or 6.21%. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: £94.29 (-3.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (NWT.L) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Newmark Security PLC to open at £95.60, and during the day (based on 14 day Average True Range), to move between £92.51 and £102.49, which gives a possible trading interval of +/-£4.99 (+/-5.12%) up or down from last closing price. If Newmark Security PLC takes out the full calculated possible swing range there will be an estimated 10.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £98.58 (1.11%) than the support at £95.00 (2.56%), 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 Newmark Security PLC stock A Buy?
Newmark Security PLC 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Newmark Security PLC of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| £95.60 ( 1.95%) | £97.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NWT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.30 | 3.90% |
| R2 | 99.12 | 1.66% |
| R1 | 97.78 | 0.285% |
| Price | 97.50 | |
| S1 | 93.42 | -4.18% |
| S2 | 92.08 | -5.56% |
| S3 | 89.90 | -7.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.50 | 5.13% |
| R2 | 100.00 | 2.56% |
| R1 | 98.58 | 1.11% |
| Price | 97.50 | |
| S1 | 95.00 | -2.56% |
| S2 | 85.00 | -12.82% |
| S3 | 79.00 | -18.97% |
NWT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2016 | Sep 22, 2016 | Oct 10, 2016 | £5.00 | 7.41% |
| 2 | Aug 10, 2015 | Sep 17, 2015 | Oct 09, 2015 | £5.00 | 2.90% |
| 3 | Aug 04, 2014 | Aug 13, 2014 | Sep 22, 2014 | £3.75 | 4.11% |
| 4 | Jul 30, 2013 | Aug 07, 2013 | Sep 16, 2013 | £1.65 | 2.13% |
| 5 | Jul 27, 2011 | Aug 10, 2011 | Oct 05, 2011 | £1.40 | 3.20% |
FAQ
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