NICE-Systems Limited Stock Forecast
NICE-Systems Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)
The NICE-Systems Limited stock price gained 1.79% on the last trading day (Tuesday, 23rd Apr 2024), rising from $224.42 to $228.43. During the last trading day the stock fluctuated 1.33% from a day low at $226.00 to a day high of $229.00. The price has fallen in 7 of the last 10 days and is down by -6.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 267 thousand shares were bought and sold for approximately $60.89 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $225.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.94% during the next 3 months and, with a 90% probability hold a price between $251.99 and $302.68 at the end of this 3-month period.
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NICE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.89%. 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. The NICE-Systems Limited 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 $228.79 and $242.71. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NICE-Systems Limited stock
NICE-Systems Limited finds support from accumulated volume at $228.41 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 $3.00 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 2.12%.
NICE-Systems Limited is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $214.77 (-5.98%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (NICE) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect NICE-Systems Limited to open at $227.81, and during the day (based on 14 day Average True Range), to move between $222.97 and $233.89, which gives a possible trading interval of +/-$5.46 (+/-2.39%) up or down from last closing price. If NICE-Systems Limited takes out the full calculated possible swing range there will be an estimated 4.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $228.41 (0.01%) than the resistance at $238.20 (4.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NICE-Systems Limited stock A Buy?
NICE-Systems Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.227 Hold/Accumulate Upgraded
Predicted Opening Price for NICE-Systems Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $227.81 ( 0.272%) | $228.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NICE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 230.80 | 1.04 % | |
| R2 | 229.66 | 0.538 % | ||
| R1 | 228.95 | 0.229 % | ||
| Current price: | 228.43 | |||
| Support | S1 | 226.66 | -0.773 % | |
| S2 | 225.96 | -1.08 % | ||
| S3 | 224.81 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 260.30 | 13.95 % | |
| R2 | 245.50 | 7.47 % | ||
| R1 | 238.20 | 4.28 % | ||
| Current price | 228.43 | |||
| Support | S1 | 228.41 | -0.0088% | |
| S2 | 225.89 | -1.11% | ||
| S3 | 217.86 | -4.63% |
NICE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2017 | Feb 23, 2017 | Mar 15, 2017 | $0.160 | 0.240% |
| 2 | Nov 10, 2016 | Nov 18, 2016 | Dec 06, 2016 | $0.160 | 0.242% |
| 3 | Jul 29, 2016 | Aug 11, 2016 | Aug 31, 2016 | $0.160 | 0.234% |
| 4 | May 05, 2016 | May 19, 2016 | Jun 02, 2016 | $0.160 | 0.247% |
| 5 | Feb 11, 2016 | Feb 22, 2016 | Mar 09, 2016 | $0.160 | 0.265% |
FAQ
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