Bank of N.T. Butterfield & Son Ltd (The) Stock Forecast
Bank of N.T. Butterfield & Son Ltd (The) stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)
The Bank of N.T. Butterfield & Son Ltd (The) stock price gained 0.99% on the last trading day (Thursday, 18th Apr 2024), rising from $30.16 to $30.46. During the last trading day the stock fluctuated 2.17% from a day low at $30.22 to a day high of $30.88. The price has risen in 6 of the last 10 days but is still down by -2.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 thousand more shares were traded than the day before. In total, 256 thousand shares were bought and sold for approximately $7.81 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.17 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 2.85% during the next 3 months and, with a 90% probability hold a price between $31.04 and $33.15 at the end of this 3-month period.
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NTB Signals & Forecast
The Bank of N.T. Butterfield & Son Ltd (The) 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 $30.67 and $30.68. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.99%. 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. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Bank of N.T. Butterfield & Son Ltd (The) stock
Bank of N.T. Butterfield & Son Ltd (The) finds support from accumulated volume at $29.43 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 $0.655 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: $28.64 (-5.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (NTB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Bank of N.T. Butterfield & Son Limited (The) Voting to open at $30.52, and during the day (based on 14 day Average True Range), to move between $29.83 and $31.09, which gives a possible trading interval of +/-$0.635 (+/-2.08%) up or down from last closing price. If Bank of N.T. Butterfield & Son Limited (The) Voting takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.43 (3.38%) than the resistance at $31.73 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bank of N.T. Butterfield & Son Limited (The) Voting will release earnings AMC on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.96. We will update the financials statements for Bank of N.T. Butterfield & Son Limited (The) Voting, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.92% in the first trading day after earnings release.
Is Bank of N.T. Butterfield & Son Limited (The) Voting stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.083 Buy Candidate Upgraded
Predicted Opening Price for Bank of N.T. Butterfield & Son Limited (The) Voting of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $30.52 ( 0.192%) | $30.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.17 | 2.34 % | |
| R2 | 30.92 | 1.52 % | ||
| R1 | 30.77 | 1.01 % | ||
| Current price: | 30.46 | |||
| Support | S1 | 30.27 | -0.630 % | |
| S2 | 30.11 | -1.14 % | ||
| S3 | 29.86 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.99 | 5.02 % | |
| R2 | 31.76 | 4.27 % | ||
| R1 | 31.73 | 4.17 % | ||
| Current price | 30.46 | |||
| Support | S1 | 29.43 | -3.38% | |
| S2 | 29.36 | -3.61% | ||
| S3 | 29.27 | -3.91% |
NTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Mar 11, 2024 | $0.440 | 1.46% |
| 2 | Oct 24, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.440 | 1.61% |
| 3 | Jul 31, 2023 | Aug 11, 2023 | Aug 28, 2023 | $0.440 | 1.56% |
| 4 | Apr 24, 2023 | May 05, 2023 | May 22, 2023 | $0.440 | 1.72% |
| 5 | Feb 13, 2023 | Feb 24, 2023 | Mar 14, 2023 | $0.440 | 1.44% |
FAQ
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