New York Times Company (The) Stock Forecast
New York Times Company (The) stock price up 1.05% on Tuesday
(Updated on Jul 02, 2024)
The New York Times Company (The) stock price gained 1.05% on the last trading day (Tuesday, 2nd Jul 2024), rising from $51.44 to $51.98. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.60% from a day low at $51.21 to a day high of $52.03. The price has risen in 7 of the last 10 days and is up by 4.65% over the past 2 weeks. Volume fell on the last day by -503 thousand shares and in total, 787 thousand shares were bought and sold for approximately $40.93 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 middle of a 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 24.08% during the next 3 months and, with a 90% probability hold a price between $62.70 and $68.00 at the end of this 3-month period.
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NYT Signals & Forecast
The New York Times Company (The) 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 $50.92 and $50.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 24.92%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for New York Times Company (The) stock
On the downside, the stock finds support just below today's level from accumulated volume at $47.98 and $47.74. 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, New York Times Company (The) finds support just below today's level at $47.98. If this is broken, then the next support from accumulated volume will be at $47.74 and $43.22.
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 $0.82 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: $50.34 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 66 days ago.)
Trading Expectations (NYT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect New York Times Company (The) to open at $51.74, and during the day (based on 14 day Average True Range), to move between $51.15 and $52.81, which gives a possible trading interval of +/-$0.83 (+/-1.59%) up or down from last closing price. If New York Times Company (The) takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $47.98, some $4.00 (7.70%) from the current price of $51.98, our system finds the risk reward attractive.
Is New York Times Company (The) stock A Buy?
New York Times Company (The) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.955 Strong Buy Candidate Unchanged
Predicted Opening Price for New York Times Company (The) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $51.74 ( 0.462%) | $51.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NYT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.56 | 1.12% |
| R2 | 52.25 | 0.513% |
| R1 | 52.05 | 0.141% |
| Price | 51.98 | |
| S1 | 51.43 | -1.06% |
| S2 | 51.23 | -1.44% |
| S3 | 50.92 | -2.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 51.98 | |
| S1 | 47.98 | -7.70% |
| S2 | 47.74 | -8.16% |
| S3 | 43.22 | -16.85% |
NYT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 09, 2024 | Jul 09, 2024 | Jul 25, 2024 | $0.130 | 0.250% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 18, 2024 | $0.130 | 0.311% |
| 3 | Dec 14, 2023 | Jan 03, 2024 | Jan 18, 2024 | $0.110 | 0.231% |
| 4 | Dec 14, 2023 | Jan 02, 2024 | Jan 18, 2024 | $0.110 | 0.231% |
| 5 | Sep 28, 2023 | Oct 06, 2023 | Oct 26, 2023 | $0.110 | 0.274% |
FAQ
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