Northern Bear Plc Stock Forecast
Northern Bear Plc stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Northern Bear Plc stock price fell by -3.66% on the last day (Wednesday, 24th Apr 2024) from £61.24 to £59.00. During the last trading day the stock fluctuated 3.56% from a day low at £59.00 to a day high of £61.10. The price has been going up and down for this period, and there has been a 0.85% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -59 thousand shares and in total, 7 thousand shares were bought and sold for approximately £436.01 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.44% during the next 3 months and, with a 90% probability hold a price between £54.03 and £59.48 at the end of this 3-month period.
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NTBR.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 1.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Northern Bear Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £60.25 and £59.69. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Northern Bear Plc stock
Northern Bear Plc finds support from accumulated volume at £58.90 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £2.10 between high and low, or 3.56%. For the last week the stock has had daily average volatility of 2.12%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTBR.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Northern Bear Plc to open at £59.70, and during the day (based on 14 day Average True Range), to move between £57.41 and £60.59, which gives a possible trading interval of +/-£1.59 (+/-2.69%) up or down from last closing price. If Northern Bear Plc takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £58.90 (0.17%) than the resistance at £59.50 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Northern Bear Plc stock A Buy?
Northern Bear Plc holds several negative signals and we believe that 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.265 Sell Candidate Downgraded
Predicted Opening Price for Northern Bear Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £59.70 ( 1.19%) | £59.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTBR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.80 | 4.75 % | |
| R2 | 61.00 | 3.39 % | ||
| R1 | 60.50 | 2.55 % | ||
| Current price: | 59.00 | |||
| Support | S1 | 58.90 | -0.173 % | |
| S2 | 58.40 | -1.01 % | ||
| S3 | 57.60 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.50 | 7.63 % | |
| R2 | 61.50 | 4.24 % | ||
| R1 | 59.50 | 0.85 % | ||
| Current price | 59.00 | |||
| Support | S1 | 58.90 | -0.169% | |
| S2 | 58.50 | -0.85% | ||
| S3 | 58.00 | -1.69% |
NTBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | £0 | 0% |
| 2 | Jul 15, 2019 | Aug 08, 2019 | Aug 30, 2019 | £0.750 | 1.21% |
| 3 | Jul 16, 2018 | Aug 09, 2018 | Aug 31, 2018 | £1.00 | 1.32% |
| 4 | Jul 18, 2017 | Aug 10, 2017 | Sep 01, 2017 | £1.50 | 1.82% |
| 5 | Jul 11, 2016 | Aug 04, 2016 | Aug 26, 2016 | £2.00 | 4.44% |
FAQ
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