New York Times Company (The) Stock Forecast
New York Times Company (The) stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The New York Times Company (The) stock price fell by -0.115% on the last day (Thursday, 25th Apr 2024) from $43.30 to $43.25. During the last trading day the stock fluctuated 2.43% from a day low at $42.33 to a day high of $43.36. The price has been going up and down for this period, and there has been a -1.01% loss for the last 2 weeks. Volume has increased on the last day by 142 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, 991 thousand shares were bought and sold for approximately $42.88 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.19% during the next 3 months and, with a 90% probability hold a price between $37.38 and $40.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $42.70 and $43.23. 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 3.94%. Further rise is indicated until a new top pivot has been found. 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). 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 New York Times Company (The) stock
New York Times Company (The) finds support from accumulated volume at $43.22 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 $1.03 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $41.57 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (NYT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect New York Times Company (The) to open at $42.98, and during the day (based on 14 day Average True Range), to move between $42.48 and $44.02, which gives a possible trading interval of +/-$0.766 (+/-1.77%) 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 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $43.22 (0.07%) than the resistance at $43.74 (1.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is New York Times Company (The) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.995 Buy Candidate Upgraded
Predicted Opening Price for New York Times Company (The) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $42.98 ( 0.624%) | $43.25 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 44.01 | 1.76 % | |
| R2 | 43.62 | 0.85 % | ||
| R1 | 43.37 | 0.285 % | ||
| Current price: | 43.25 | |||
| Support | S1 | 42.59 | -1.53 % | |
| S2 | 42.34 | -2.10 % | ||
| S3 | 41.95 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.52 | 12.18 % | |
| R2 | 44.96 | 3.95 % | ||
| R1 | 43.74 | 1.13 % | ||
| Current price | 43.25 | |||
| Support | S1 | 43.22 | -0.0694% | |
| S2 | 43.15 | -0.231% | ||
| S3 | 42.61 | -1.48% |
NYT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 01, 2024 | Apr 18, 2024 | $0.130 | 0.311% |
| 2 | Dec 14, 2023 | Jan 03, 2024 | Jan 18, 2024 | $0.110 | 0.231% |
| 3 | Dec 14, 2023 | Jan 02, 2024 | Jan 18, 2024 | $0.110 | 0.231% |
| 4 | Sep 28, 2023 | Oct 06, 2023 | Oct 26, 2023 | $0.110 | 0.274% |
| 5 | Jun 29, 2023 | Jul 10, 2023 | Jul 27, 2023 | $0.110 | 0.276% |
FAQ
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