Bank of NT Butterfield & Son Ltd (NTB): Price Now Near $32.41; Daily Chart Shows Downtrend on 50 Day Basis

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The Hourly View for NTB

At the time of this writing, NTB (Get Ratings)’s price is down $-0.1 (-0.32%) from the hour prior. NTB has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Banking stocks, NTB ranks 133rd in regards to today’s price percentage change.

NTB’s Technical Outlook on the Daily Chart

At the moment, NTB’s price is down $-0.39 (-1.19%) from the day prior. NTB has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows NTB’s price action over the past 90 days.

NTB: Daily RSI Analysis

  • NTB’s RSI now stands at 23.6364.
  • NTB and RSI both have consistent trends, as they are both heading down.

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