RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NKSH
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National Bankshares stock price up 1.82% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -1.50% PDF

The National Bankshares stock price gained 1.82% on the last trading day (Wednesday, 27th Mar 2024), rising from $33.00 to $33.60. During the last trading day the stock fluctuated 2.79% from a day low at $32.77 to a day high of $33.68. The price has been going up and down for this period, and there has been a -0.53% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $304.79 thousand.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $34.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.30% during the next 3 months and, with a 90% probability hold a price between $30.63 and $35.67 at the end of this 3-month period.

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NKSH Signals & Forecast

The National Bankshares 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 $33.42 and $32.28. A breakdown below any of these levels will issue sell signals. National Bankshares has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, March 05, 2024, and so far it has fallen -1.87%. 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).

Support, Risk & Stop-loss for National Bankshares stock

National Bankshares finds support from accumulated volume at $33.22 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 $0.91 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 2.05%.

Our recommended stop-loss: $32.21 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (NKSH) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect National Bankshares to open at $33.35, and during the day (based on 14 day Average True Range), to move between $32.53 and $34.67, which gives a possible trading interval of +/-$1.07 (+/-3.19%) up or down from last closing price. If National Bankshares takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $33.75 (0.45%) than the support at $33.22 (1.13%), 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.

Is National Bankshares stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for National Bankshares stock to perform well in the short-term.

Current score: 2.284 Buy Candidate Unchanged

Predicted Opening Price for National Bankshares of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$33.35 ( 0.749%) $33.60

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NKSH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 34.26 1.97 %
R2 33.91 0.93 %
R1 33.70 0.291 %
Current price: 33.60
Support S1 33.00 -1.79 %
S2 32.78 -2.43 %
S3 32.43 -3.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 34.24 1.90 %
R2 34.11 1.52 %
R1 33.75 0.446 %
Current price 33.60
Support S1 33.22 -1.13%
S2 32.38 -3.63%
S3 31.75 -5.51%

NKSH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 08, 2023 Nov 17, 2023 Dec 01, 2023 $0.780 2.82%
2 May 10, 2023 May 19, 2023 Jun 01, 2023 $0.730 2.67%
3 Jan 11, 2023 Jan 20, 2023 Feb 03, 2023 $1.00 2.47%
4 Nov 09, 2022 Nov 18, 2022 Dec 01, 2022 $0.780 1.98%
5 May 12, 2022 May 20, 2022 Jun 01, 2022 $0.720 2.21%

FAQ

What is the symbol for National Bankshares Stock and on which exchange is it traded?
The symbol for National Bankshares is NKSH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell National Bankshares Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for National Bankshares stock to perform well in the short-term.

How to buy National Bankshares Stock?
National Bankshares Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy National Bankshares Stock.

What's the current price of National Bankshares Stock?
As of the end of day on the 2024-03-27, the price of an National Bankshares (NKSH) share was $33.60.

What is the 52-week high and low for National Bankshares Stock?
The 52-week high for National Bankshares Stock is $37.00 and the 52-week low is $22.28.

What is the market capitalization of National Bankshares Stock?
As of the 2024-03-27, the market capitalization of National Bankshares is 194.495M.

When is the next earnings date for National Bankshares?
The upcoming earnings date for National Bankshares is May 09, 2024.
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