New York Times Company (The) Stock Forecast
Evaluation of New York Times Company (The) stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The New York Times Company (The) stock price fell by -1.93% on the last day (Thursday, 28th Mar 2024) from $44.07 to $43.22. During the last trading day the stock fluctuated 3.13% from a day low at $42.88 to a day high of $44.22. The price has risen in 5 of the last 10 days but is still down by -0.89% for this period. Volume has increased on the last day by 814 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $68.34 million.
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 -12.59% during the next 3 months and, with a 90% probability hold a price between $35.58 and $39.49 at the end of this 3-month period. 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.
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NYT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 1.65%. 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 New York Times Company (The) 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 $43.69 and $43.61. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for New York Times Company (The) stock
New York Times Company (The) finds support from accumulated volume at $43.15 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.34 between high and low, or 3.13%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NYT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect New York Times Company (The) to open at $43.44, and during the day (based on 14 day Average True Range), to move between $42.45 and $43.99, which gives a possible trading interval of +/-$0.775 (+/-1.79%) up or down from last closing price. If New York Times Company (The) takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $43.15 (0.16%) than the resistance at $44.96 (4.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is New York Times Company (The) stock A Buy?
New York Times Company (The) holds several negative signals and is within a wide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.397 Sell Candidate Downgraded
Predicted Opening Price for New York Times Company (The) of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$43.44 ( 0.501%) | $43.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NYT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.78 | 3.60 % | |
R2 | 44.26 | 2.42 % | ||
R1 | 43.95 | 1.69 % | ||
Current price: | 43.22 | |||
Support | S1 | 42.92 | -0.683 % | |
S2 | 42.61 | -1.41 % | ||
S3 | 42.10 | -2.60 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.53 | 9.97 % | |
R2 | 47.49 | 9.88 % | ||
R1 | 44.96 | 4.03 % | ||
Current price | 43.22 | |||
Support | S1 | 43.15 | -0.162% | |
S2 | 43.01 | -0.486% | ||
S3 | 42.61 | -1.41% |
NYT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 01, 2024 | Apr 18, 2024 | $0.130 | 0.301% |
2 | Dec 14, 2023 | Jan 03, 2024 | Jan 18, 2024 | $0.110 | 0.231% |
3 | Dec 14, 2023 | Jan 02, 2024 | Jan 18, 2024 | $0.110 | 0.231% |
4 | Sep 28, 2023 | Oct 06, 2023 | Oct 26, 2023 | $0.110 | 0.274% |
5 | Jun 29, 2023 | Jul 10, 2023 | Jul 27, 2023 | $0.110 | 0.276% |
FAQ
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