NACCO Industries Inc Stock Forecast
NACCO Industries Inc stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The NACCO Industries Inc stock price fell by -0.419% on the last day (Thursday, 25th Apr 2024) from $28.64 to $28.52. During the last trading day the stock fluctuated 3.34% from a day low at $27.87 to a day high of $28.80. The price has fallen in 5 of the last 10 days and is down by -2.4% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 13 thousand shares were bought and sold for approximately $360.58 thousand.
Given the current short-term trend, the stock is expected to fall -26.06% during the next 3 months and, with a 90% probability hold a price between $19.39 and $21.09 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.81%. 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. The NACCO Industries Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $28.98. On a fall, the stock will find some support from the short-term average at $28.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for NACCO Industries Inc stock
NACCO Industries Inc finds support from accumulated volume at $28.15 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.93 between high and low, or 3.34%. For the last week the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect NACCO Industries Inc to open at $28.40, and during the day (based on 14 day Average True Range), to move between $27.69 and $29.35, which gives a possible trading interval of +/-$0.83 (+/-2.92%) up or down from last closing price. If NACCO Industries Inc takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.64 (0.42%) than the support at $28.15 (1.30%), 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.
Earnings coming up
NACCO Industries Inc will release earnings BMO on Wednesday, May 01, 2024. We will update the financials statements for NACCO Industries Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.58% in the first trading day after earnings release.
Is NACCO Industries Inc stock A Buy?
NACCO Industries Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.408 Sell Candidate Downgraded
Predicted Opening Price for NACCO Industries Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$28.40 ( 0.432%) | $28.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.33 | 2.83 % | |
R2 | 28.97 | 1.58 % | ||
R1 | 28.75 | 0.81 % | ||
Current price: | 28.52 | |||
Support | S1 | 28.04 | -1.68 % | |
S2 | 27.82 | -2.45 % | ||
S3 | 27.47 | -3.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.44 | 6.73 % | |
R2 | 28.83 | 1.09 % | ||
R1 | 28.64 | 0.421 % | ||
Current price | 28.52 | |||
Support | S1 | 28.15 | -1.30% | |
S2 | 27.95 | -2.00% | ||
S3 | 27.74 | -2.73% |
NC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.218 | 0.754% |
2 | Nov 07, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.218 | 0.631% |
3 | Aug 24, 2023 | Sep 01, 2023 | Sep 15, 2023 | $0.220 | 0.671% |
4 | May 18, 2023 | May 30, 2023 | Jun 15, 2023 | $0.218 | 0.622% |
5 | Feb 22, 2023 | Mar 06, 2023 | Mar 15, 2023 | $0.208 | 0.647% |
FAQ
Click here for our free guide on how to buy NACCO Industries Inc Stock.