Bank of N.T. Butterfield & Son Ltd (The) Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Bank of N.T. Butterfield & Son Ltd (The) stock price ended at $31.83 on Monday, after gaining 2.48%.
(Updated on Apr 22, 2024)
The Bank of N.T. Butterfield & Son Ltd (The) stock price gained 2.48% on the last trading day (Monday, 22nd Apr 2024), rising from $31.06 to $31.83. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.85% from a day low at $31.09 to a day high of $31.97. The price has risen in 6 of the last 10 days and is up by 0.32% over the past 2 weeks. Volume fell on the last day by -108 thousand shares and in total, 120 thousand shares were bought and sold for approximately $3.81 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a 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 $32.29 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.55% during the next 3 months and, with a 90% probability hold a price between $30.79 and $33.44 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 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 $30.81 and $30.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.54%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A buy signal from a double bottom formation was found on Thursday, March 14, 2024 with a target of $30.73. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Bank of N.T. Butterfield & Son Ltd (The) stock
On the downside, the stock finds support just below today's level from accumulated volume at $29.43 and $29.36. There is a 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 Ltd (The) finds support just below today's level at $29.43. If this is broken, then the next support from accumulated volume will be at $29.36 and $29.27.
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 $0.88 between high and low, or 2.85%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: $30.68 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (NTB) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Bank of N.T. Butterfield & Son Limited (The) Voting to open at $31.63, and during the day (based on 14 day Average True Range), to move between $31.16 and $32.50, which gives a possible trading interval of +/-$0.669 (+/-2.10%) 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 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.99 (0.50%) than the support at $29.43 (7.54%), 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.
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 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 Bank of N.T. Butterfield & Son Ltd (The) stock to perform well in the short-term.
Current score: 2.954 Buy Candidate Unchanged
Predicted Opening Price for Bank of N.T. Butterfield & Son Limited (The) Voting of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $31.63 ( 0.634%) | $31.83 |
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 | 32.51 | 2.15 % | |
| R2 | 32.18 | 1.08 % | ||
| R1 | 31.97 | 0.429 % | ||
| Current price: | 31.83 | |||
| Support | S1 | 31.29 | -1.70 % | |
| S2 | 31.08 | -2.35 % | ||
| S3 | 30.74 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 32.13 | 0.94 % | ||
| R1 | 31.99 | 0.503 % | ||
| Current price | 31.83 | |||
| Support | S1 | 29.43 | -7.54% | |
| S2 | 29.36 | -7.76% | ||
| S3 | 29.27 | -8.04% |
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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