NTRS - Northern Trust Corporation

Industry: Asset Management Sector: Financial Exchange: NASDAQ

NTRS - Northern Trust Corporation

Industry: Asset Management Sector: Financial Exchange: NASDAQ
#963/#4898

Fri 20'th Oct 2017

PERIOD 2017-07-21 - 2017-10-20
CHANGE 0.31%
PRICE $95.27
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Northern Trust Corporation Stock Analysis

Technical stock analysis for Fri 20'th Oct 2017

Buy candidate since 2017-10-17 Gain 4.58%

Northern Trust Corporation gained 0.31% in the last trading day, rising from $94.98 to $95.27 , and has now gained 4 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. The price has been going up and down for this period, and there has been a 2.14% gain for the last 2 weeks. Volume fell in the last day by -0.14 million shares, and in total, 1.58 million shares bought and sold for approximately $150.29 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Northern Trust Corporation has broken the weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $94.40, a level that may pose a second chance to hit a runner. According to fan-theory $99.12 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Signals

Only positive signals in the chart today. Northern Trust Corporation 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 $93.46 and $90.90. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 17, 2017, which indicates further gains 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 may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Tuesday September 19, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 63 and the stock is currently not being overbought or oversold

Support & Resistance

Northern Trust Corporation finds support from accumulated volume at $94.58. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Support: $94.58 Price: $95.27

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.16 (1.22%) between high and low. For the last week, the stock has had a daily average volatility of 2.27%.

Our recommended stoploss: $91.59 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rising rate. We can conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. Due to a possible false trend-break a pure Buy Recommendation is held back. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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