NATIONAL CITY CORP Stock Forecast
Stronger technical forecast for NATIONAL CITY CORP stock price after Thursday trading.
(Updated on Apr 25, 2024)
The NATIONAL CITY CORP stock price gained 0.630% on the last trading day (Thursday, 25th Apr 2024), rising from £127.00 to £127.80. During the last trading day the stock fluctuated 5.10% from a day low at £125.40 to a day high of £131.80. The price has fallen in 5 of the last 10 days but is still up by 5.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 797 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £156.45 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £128.92 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect NATIONAL CITY CORP stock with a 90% probability to be traded between £122.42 and £131.16 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NCC.L Signals & Forecast
The NATIONAL CITY CORP 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 £125.14 and £124.25. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for NATIONAL CITY CORP stock
NATIONAL CITY CORP finds support from accumulated volume at £124.80 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 £6.40 between high and low, or 5.10%. For the last week the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: £122.92 (-3.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NCC.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect NATIONAL CITY CORP to open at £128.33, and during the day (based on 14 day Average True Range), to move between £124.42 and £131.18, which gives a possible trading interval of +/-£3.38 (+/-2.64%) up or down from last closing price. If NATIONAL CITY CORP takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £124.80, some £3.00 (2.35%) from the current price of £127.80, our system finds the risk reward attractive.
Is NATIONAL CITY CORP stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NATIONAL CITY CORP stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.470 Buy Candidate Upgraded
Predicted Opening Price for NATIONAL CITY CORP of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £128.33 ( 0.417%) | £127.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 134.73 | 5.43 % | |
| R2 | 132.29 | 3.51 % | ||
| R1 | 130.78 | 2.33 % | ||
| Current price: | 127.80 | |||
| Support | S1 | 125.89 | -1.50 % | |
| S2 | 124.38 | -2.68 % | ||
| S3 | 121.93 | -4.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 127.80 | |||
| Support | S1 | 124.80 | -2.35% | |
| S2 | 124.40 | -2.66% | ||
| S3 | 122.40 | -4.23% |
NCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Mar 15, 2024 | £1.50 | 1.20% |
| 2 | Feb 02, 2023 | Feb 16, 2023 | Mar 17, 2023 | £1.50 | 0.97% |
| 3 | Sep 06, 2022 | Oct 13, 2022 | Nov 11, 2022 | £3.15 | 1.55% |
| 4 | Jan 27, 2022 | Feb 17, 2022 | Mar 04, 2022 | £1.50 | 0.86% |
| 5 | Sep 14, 2021 | Oct 14, 2021 | Nov 12, 2021 | £3.15 | 1.28% |
FAQ
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