Nicholas Financial Stock Forecast
Nicholas Financial stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Nicholas Financial stock price fell by -3.62% on the last day (Monday, 22nd Apr 2024) from $6.63 to $6.39. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 8.92% from a day low at $6.39 to a day high of $6.96. The price has fallen in 6 of the last 10 days and is down by -4.34% for this period. Volume has increased on the last day by 5 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, 6 thousand shares were bought and sold for approximately $41.08 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($6.43) are considered to be a "second chance" to get out. According to the fan-theory $5.92 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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NICK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nicholas Financial 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 $6.78 and $6.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -7.92%. Further fall is indicated until a new bottom pivot has been found. Nicholas Financial 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nicholas Financial stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.570 between high and low, or 8.92%. For the last week the stock has had daily average volatility of 3.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NICK) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Nicholas Financial to open at $6.58, and during the day (based on 14 day Average True Range), to move between $6.19 and $6.59, which gives a possible trading interval of +/-$0.199 (+/-3.12%) up or down from last closing price. If Nicholas Financial takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $6.82, some $0.430 (6.73%) from the current price of $6.39, our system finds the risk reward not very attractive.
Is Nicholas Financial stock A Buy?
Nicholas Financial holds several negative signals and is within a falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -5.028 Strong Sell Candidate Downgraded
Predicted Opening Price for Nicholas Financial of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $6.58 ( 2.97%) | $6.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NICK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.15 | 11.89 % | |
| R2 | 6.93 | 8.48 % | ||
| R1 | 6.80 | 6.38 % | ||
| Current price: | 6.39 | |||
| Support | S1 | 6.36 | -0.434 % | |
| S2 | 6.23 | -2.54 % | ||
| S3 | 6.01 | -5.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.09 | 10.95 % | |
| R2 | 6.94 | 8.61 % | ||
| R1 | 6.82 | 6.73 % | ||
| Current price | 6.39 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NICK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 13, 2013 | Sep 18, 2013 | Sep 27, 2013 | $0.120 | 0.732% |
| 2 | May 07, 2013 | Jun 19, 2013 | Jun 28, 2013 | $0.120 | 0.794% |
| 3 | Feb 19, 2013 | Mar 20, 2013 | Mar 29, 2013 | $0.120 | 0.82% |
| 4 | Nov 09, 2012 | Nov 28, 2012 | Dec 06, 2012 | $0.120 | 0.90% |
| 5 | Aug 08, 2012 | Aug 28, 2012 | Sep 06, 2012 | $0.120 | 0.86% |
FAQ
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