NBT Bancorp Inc. Stock Forecast
NBT Bancorp Inc. stock price up 3.54% on Tuesday
(Updated on Apr 23, 2024)
The NBT Bancorp Inc. stock price gained 3.54% on the last trading day (Tuesday, 23rd Apr 2024), rising from $34.79 to $36.02. It has now gained 4 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 4.31% from a day low at $35.00 to a day high of $36.51. The price has fallen in 6 of the last 10 days and is down by -0.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 89 thousand more shares were traded than the day before. In total, 220 thousand shares were bought and sold for approximately $7.94 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $36.51 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.16% during the next 3 months and, with a 90% probability hold a price between $32.11 and $35.72 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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NBTB Signals & Forecast
The NBT Bancorp Inc. 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 $34.05 and $34.83. 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 9.09%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 4.37% to $37.59 within 20 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for NBT Bancorp Inc. stock
NBT Bancorp Inc. finds support from accumulated volume at $35.90 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 $1.51 between high and low, or 4.31%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: $34.61 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (NBTB) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect NBT Bancorp Inc. to open at $35.84, and during the day (based on 14 day Average True Range), to move between $35.06 and $36.98, which gives a possible trading interval of +/-$0.96 (+/-2.67%) up or down from last closing price. If NBT Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.90 (0.33%) than the resistance at $36.68 (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NBT Bancorp Inc. stock A Buy?
NBT Bancorp Inc. 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: 0.972 Hold/Accumulate Unchanged
Predicted Opening Price for NBT Bancorp Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $35.84 ( 0.490%) | $36.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBTB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.35 | 3.70 % | |
| R2 | 36.78 | 2.10 % | ||
| R1 | 36.42 | 1.11 % | ||
| Current price: | 36.02 | |||
| Support | S1 | 35.27 | -2.09 % | |
| S2 | 34.91 | -3.08 % | ||
| S3 | 34.33 | -4.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.93 | 5.30 % | |
| R2 | 36.74 | 2.00 % | ||
| R1 | 36.68 | 1.83 % | ||
| Current price | 36.02 | |||
| Support | S1 | 35.90 | -0.333% | |
| S2 | 35.57 | -1.25% | ||
| S3 | 33.97 | -5.69% |
NBTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.320 | 0.94% |
| 2 | Oct 24, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.320 | 0.772% |
| 3 | Aug 14, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.320 | 0.98% |
| 4 | May 16, 2023 | May 31, 2023 | Jun 15, 2023 | $0.300 | 0.86% |
| 5 | Jan 23, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.300 | 0.85% |
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