Natural Grocers by Vitamin Cottage Inc Stock Forecast
Natural Grocers by Vitamin Cottage Inc stock downgraded to Sell Candidate
(Updated on Apr 22, 2024)
The Natural Grocers by Vitamin Cottage Inc stock price fell by -1.64% on the last day (Monday, 22nd Apr 2024) from $16.48 to $16.21. During the last trading day the stock fluctuated 2.16% from a day low at $16.18 to a day high of $16.53. The price has been going up and down for this period, and there has been a -3.86% loss for the last 2 weeks. Volume has increased on the last day by 17 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, 46 thousand shares were bought and sold for approximately $746.08 thousand.
Given the current short-term trend, the stock is expected to rise 13.25% during the next 3 months and, with a 90% probability hold a price between $18.36 and $21.31 at the end of this 3-month period.
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NGVC Signals & Forecast
There are few to no technical positive signals at the moment. The Natural Grocers by Vitamin Cottage Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.30 and $17.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -10.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Natural Grocers by Vitamin Cottage Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Natural Grocers by Vitamin Cottage Inc stock
Natural Grocers by Vitamin Cottage Inc finds support from accumulated volume at $15.90 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 $0.350 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NGVC) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Natural Grocers by Vitamin Cottage Inc to open at $16.31, and during the day (based on 14 day Average True Range), to move between $15.67 and $16.75, which gives a possible trading interval of +/-$0.535 (+/-3.30%) up or down from last closing price. If Natural Grocers by Vitamin Cottage Inc takes out the full calculated possible swing range there will be an estimated 6.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.90 (1.91%) than the resistance at $17.15 (5.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Natural Grocers by Vitamin Cottage Inc stock A Buy?
The Natural Grocers by Vitamin Cottage Inc stock holds several negative signals and despite the positive trend, we believe Natural Grocers by Vitamin Cottage Inc will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.595 Sell Candidate Downgraded
Predicted Opening Price for Natural Grocers by Vitamin Cottage Inc of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$16.31 ( 0.596%) | $16.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NGVC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.66 | 2.76 % | |
R2 | 16.52 | 1.93 % | ||
R1 | 16.44 | 1.42 % | ||
Current price: | 16.21 | |||
Support | S1 | 16.17 | -0.228 % | |
S2 | 16.09 | -0.738 % | ||
S3 | 15.96 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.18 | 12.15 % | |
R2 | 17.31 | 6.79 % | ||
R1 | 17.15 | 5.80 % | ||
Current price | 16.21 | |||
Support | S1 | 15.90 | -1.91% | |
S2 | 15.60 | -3.76% | ||
S3 | 15.08 | -6.97% |
NGVC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Mar 01, 2024 | Mar 20, 2024 | $0.100 | 0.581% |
2 | Nov 16, 2023 | Nov 24, 2023 | Dec 13, 2023 | $0.400 | 2.48% |
3 | Aug 03, 2023 | Aug 25, 2023 | Sep 13, 2023 | $0.100 | 0.784% |
4 | May 04, 2023 | May 26, 2023 | Jun 14, 2023 | $0.100 | 0.85% |
5 | Feb 02, 2023 | Feb 24, 2023 | Mar 15, 2023 | $0.100 | 0.93% |
FAQ
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