Bank of N.T. Butterfield & Son Ltd (The) Stock Forecast
Bank of N.T. Butterfield & Son Ltd (The) stock price ended at $31.76 on Wednesday, after gaining 2.75%.
(Updated on Mar 27, 2024)
The Bank of N.T. Butterfield & Son Ltd (The) stock price gained 2.75% on the last trading day (Wednesday, 27th Mar 2024), rising from $30.91 to $31.76. During the last trading day the stock fluctuated 2.32% from a day low at $31.06 to a day high of $31.78. The price has risen in 7 of the last 10 days and is up by 6.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 175 thousand more shares were traded than the day before. In total, 266 thousand shares were bought and sold for approximately $8.46 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $31.09, a level that may pose a second chance to hit a runner. According to fan-theory $33.46 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NTB Signals & Forecast
Mostly positive signals in the chart today. The Bank of N.T. Butterfield & Son Ltd (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $31.01 and $30.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 8.51%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Bank of N.T. Butterfield & Son Ltd (The) stock
On the downside, the stock finds support just below today's level from accumulated volume at $29.91 and $29.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bank of N.T. Butterfield & Son Ltd (The) finds support just below today's level at $29.91. If this is broken, then the next support from accumulated volume will be at $29.36 and $29.27.
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 $0.720 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: $30.60 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (NTB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Bank of N.T. Butterfield & Son Limited (The) Voting to open at $31.53, and during the day (based on 14 day Average True Range), to move between $31.09 and $32.43, which gives a possible trading interval of +/-$0.670 (+/-2.11%) up or down from last closing price. If Bank of N.T. Butterfield & Son Limited (The) Voting takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.01 (0.79%) than the support at $29.91 (5.82%), 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 Bank of N.T. Butterfield & Son Limited (The) Voting stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.292 Buy Candidate Unchanged
Predicted Opening Price for Bank of N.T. Butterfield & Son Limited (The) Voting of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$31.53 ( 0.714%) | $31.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.25 | 1.55 % | |
R2 | 31.98 | 0.687 % | ||
R1 | 31.81 | 0.152 % | ||
Current price: | 31.76 | |||
Support | S1 | 31.26 | -1.58 % | |
S2 | 31.09 | -2.11 % | ||
S3 | 30.81 | -2.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.62 | 2.71 % | |
R2 | 32.04 | 0.88 % | ||
R1 | 32.01 | 0.787 % | ||
Current price | 31.76 | |||
Support | S1 | 29.91 | -5.82% | |
S2 | 29.36 | -7.56% | ||
S3 | 29.27 | -7.84% |
NTB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 23, 2024 | Feb 23, 2024 | Mar 11, 2024 | $0.440 | 1.46% |
2 | Oct 24, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.440 | 1.61% |
3 | Jul 31, 2023 | Aug 11, 2023 | Aug 28, 2023 | $0.440 | 1.56% |
4 | Apr 24, 2023 | May 05, 2023 | May 22, 2023 | $0.440 | 1.72% |
5 | Feb 13, 2023 | Feb 24, 2023 | Mar 14, 2023 | $0.440 | 1.44% |
FAQ
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