Northern Trust Corporation Stock Forecast
Weaker technical forecast for Northern Trust Corporation as stock downgraded to Sell Candidate.
(Updated on Apr 18, 2024)
The Northern Trust Corporation stock price gained 0.222% on the last trading day (Thursday, 18th Apr 2024), rising from $81.23 to $81.41. During the last trading day the stock fluctuated 1.56% from a day low at $80.82 to a day high of $82.08. The price has been going up and down for this period, and there has been a -5.96% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $114.32 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $79.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.86% during the next 3 months and, with a 90% probability hold a price between $86.04 and $97.52 at the end of this 3-month period.
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NTRS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Northern Trust Corporation 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 $82.87 and $84.25. 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).
Support, Risk & Stop-loss for Northern Trust Corporation stock
Northern Trust Corporation finds support from accumulated volume at $81.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.26 between high and low, or 1.56%. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTRS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Northern Trust Corporation to open at $81.44, and during the day (based on 14 day Average True Range), to move between $79.41 and $83.41, which gives a possible trading interval of +/-$2.00 (+/-2.45%) up or down from last closing price. If Northern Trust Corporation takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $81.46 (0.06%) than the support at $81.28 (0.16%), 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.
Is Northern Trust Corporation stock A Buy?
The Northern Trust Corporation stock holds several negative signals and despite the positive trend, we believe Northern Trust Corporation will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.711 Sell Candidate Downgraded
Predicted Opening Price for Northern Trust Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $81.44 ( 0.0328%) | $81.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTRS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.70 | 1.58 % | |
| R2 | 82.22 | 0.99 % | ||
| R1 | 81.92 | 0.624 % | ||
| Current price: | 81.41 | |||
| Support | S1 | 80.96 | -0.558 % | |
| S2 | 80.66 | -0.92 % | ||
| S3 | 80.18 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.55 | 3.86 % | |
| R2 | 81.95 | 0.663 % | ||
| R1 | 81.46 | 0.0614 % | ||
| Current price | 81.41 | |||
| Support | S1 | 81.28 | -0.160% | |
| S2 | 79.64 | -2.17% | ||
| S3 | 79.56 | -2.27% |
NTRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 17, 2024 | Mar 07, 2024 | Apr 01, 2024 | $0.750 | 0.85% |
| 2 | Oct 17, 2023 | Dec 07, 2023 | Jan 01, 2024 | $0.750 | 0.89% |
| 3 | Jul 18, 2023 | Sep 07, 2023 | Oct 01, 2023 | $0.750 | 1.08% |
| 4 | Apr 25, 2023 | Jun 08, 2023 | Jul 01, 2023 | $0.750 | 1.01% |
| 5 | Jan 18, 2023 | Mar 09, 2023 | Apr 01, 2023 | $0.750 | 0.85% |
FAQ
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