Bank of N.T. Butterfield & Son Limited (The) Voting Forecast and Stock Analysis
Technical NTB stock analysis for Friday May 17, 2019.
|Shorts||1.89% ( 2019-04-15 )|
|Price to book||USD 2.28|
|Next Earnings Date||2019-07-29|
Bank of N.T. Butterfield & Son Limited (The) Voting fell by -3.97% in the last day ( Friday, 17th May 2019 ) from $38.79 to $37.25 During day the stock fluctuated 3.61% from a day low at $37.11 to a day high of $38.45. The price has fallen in 6 of the last 10 days and is down by -7.96% for this period. Volume has increased in the last day by 69 228 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 216 033 shares bought and sold for approximately $8.05 million.
- 30 day high of the NTB stock price was $40.65 and low was $36.39.
- 90 day high was $41.84 and low was $33.08.
- 52 week high for the Bank of N.T. Butterfield & Son Limited (The) Voting - $53.63 and low - $29.43.
Given the current horizontal trend you can expect Bank of N.T. Butterfield & Son Limited (The) Voting with 90% probability to be traded between $33.47 and $41.44 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. Bank of N.T. Butterfield & Son Limited (The) Voting holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $38.56 and $38.02. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday May 03, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Bank of N.T. Butterfield & Son Limited (The) Voting finds support from accumulated volume at $36.75.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.34 (3.61%) between high and low. For the last week, the stock has had a daily average volatility of 2.37%.
Bank of N.T. Butterfield & Son Limited (The) Voting is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.37 %Average volatility
Very Low Low Medium High Very High
Bank of N.T. Butterfield & Son Limited (The) Voting holds several negative signals and is within a wide and 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 recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
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|NTB $37.25 ($-1.54 -3.97%)|
NTB is down $1.54 today, but where's it headed in 2019?
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