Bullish vs. Bearish (1 opinions)
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NTB Forecast and Technical Stock Analysis
Buy candidate since 2019-09-18 PDF
Bank of N.T. Butterfield & Son Limited (The) Voting gained 4.21% in the last trading day ( Wednesday, 18th Sep 2019 ), rising from $30.66 to $31.95 During the day the stock fluctuated 5.87% from a day low at $30.32 to a day high of $32.10. The price has risen in 7 of the last 10 days and is up by 17.29% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 371 229 more shares were traded than the day before. In total, 482 862 shares bought and sold for approximately $15.43 million.
- 30 day high of the NTB stock price was $32.10 and low was $26.76.
- 90 day high was $36.92 and low was $26.08.
- 52 week high for Bank of N.T. Butterfield & Son Limited (The) Voting - $53.26 and low - $26.08.
Bank of N.T. Butterfield & Son Limited (The) Voting has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $31.13, a level that may pose a second chance to hit a runner. According to fan-theory $38.90 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. Bank of N.T. Butterfield & Son Limited (The) Voting holds buy signals from both short- and long-term moving averages. In addition, 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 $31.09 and $28.52. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday September 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $28.14 and $26.58.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bank of N.T. Butterfield & Son Limited (The) Voting finds support just below today's level at $28.14. If this is broken, then the next support from accumulated volume will be at $26.58 and $26.44.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.78 between high and low, or 5.87%. For the last week, the stock has had a daily average volatility of 3.07%.
The stock is extremely overbought on RSI14 (77). Normally this will pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $30.50 (-4.54%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)
3.07 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|NTB $31.95 ($1.29 4.21%)|
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