NutriSystem Inc Stock Forecast
NutriSystem Inc stock price down 0% on Thursday
(Updated on Mar 14, 2019)
No changes to the price of NutriSystem Inc stock on the last trading day (Thursday, 14th Mar 2019). During the last trading day the stock fluctuated 0% from a day low at $42.89 to a day high of $42.89. The price has fallen in 5 of the last 10 days and is down by -0.9% for this period.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NutriSystem Inc stock with a 90% probability to be traded between $41.70 and $42.61 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
NTRI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 07, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NutriSystem Inc 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 $42.89 and $43.25. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NutriSystem Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
NutriSystem Inc is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTRI) For The Upcoming Trading Day Of Friday 15th
For the upcoming trading day on Friday, 15th we expect NutriSystem Inc to open at $42.89, and during the day (based on 14 day Average True Range), to move between $42.74 and $43.04, which gives a possible trading interval of +/-$0.153 (+/-0.36%) up or down from last closing price. If NutriSystem Inc takes out the full calculated possible swing range there will be an estimated 0.71% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $43.26, some $0.370 (0.86%) from the current price of $42.89, our system finds the risk reward not very attractive.
Is NutriSystem Inc stock A Buy?
NutriSystem Inc holds several negative signals and is within a narrow 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.
Current score: -2.590 Sell Candidate Unchanged
Predicted Opening Price for NutriSystem Inc of Friday, March 15, 2019
| Fair opening price March 15, 2019 | Current price |
|---|---|
| $42.89 ( 0.00000000%) | $42.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTRI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.89 | 0.00000000 % | |
| R2 | 42.89 | 0.00000000 % | ||
| R1 | 42.89 | 0.00000000 % | ||
| Current price: | 42.89 | |||
| Support | S1 | 42.89 | 0.00000000 % | |
| S2 | 42.89 | 0.00000000 % | ||
| S3 | 42.89 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.65 | 1.77 % | |
| R2 | 43.60 | 1.66 % | ||
| R1 | 43.26 | 0.86 % | ||
| Current price | 42.89 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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