Nordstrom hasn't moved too much today but is slightly down, it has lost -0.04% since yesterday. It looks like JWN may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line JWN is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. Nordstrom has been drifting up over the last few months, we'll see if it has the energy to break through or if buyers decide to take profit.
If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $24.19 level, hard to say where it will go from there though.
The analysts are pretty neutral on Nordstrom right now, so not much useful information here. The current Analysts Sentiment Score is -0.06. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Telsey Advisory Group reiterated a rating of Market Perform on 2024-04-19 and provided a price target of $19.00. Jefferies Financial Group reiterated a rating of Buy on 2024-03-07 and they lowered their price target by -5.56% to $17.00 from a previous target of $18.00. On 2024-03-06 Citigroup lowered their price target by -4.76% to $20.00. Bank of America gave a boost to their price target and moved to $15.00 from $13.00 on 2024-03-06. On 2024-03-06 Barclays increased their price target by 7.14% to $15.00. Piper Sandler gave a boost to their price target and moved to $20.00 from $17.00 on 2024-03-06. JPMorgan Chase & Co. provided a price target boost of 7.14% to $15.00 from $14.00 on 2024-03-06. On 2024-03-06 The Goldman Sachs Group increased their price target by 12.5% to $18.00. Morgan Stanley announced a lowering of their price target to $13.00 from $14.00 on 2023-11-28. On 2023-11-07 Evercore ISI started covering Nordstrom with a rating of Inline and provided a price target of $14.00.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| JWN | -0.06 | 0 | -1.28 | 1.59 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| JWN | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| JWN | 12.16 | %19.9 | 4 | 2.046 | 19300000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail - Apparel & Specialty | 59 | 2.36 | 0.69 | -1.53 | -12.62 | -8.28 | -4.80 | 50.58 | -21.86 | -19.99 | -16.79 | -21584.64 | -9135.45 | 5.51 | 0.00 | 7.61 | 1.21 |
| Consumer Cyclical | 275 | 1.82 | -0.19 | -2.62 | -10.18 | -9.65 | -5.84 | 46.93 | -25.86 | -14.44 | -10.78 | -19074.98 | -7084.07 | 8.82 | 2.18 | 5.95 | 0.80 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| JWN |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ZUMZ | Zumiez Inc. | 1.38 | 4.29 | 0.07 | 8.36 | -19.43 | -25.15 | 5.81 | 55 | -44.89 | -50.79 | -28.51 | -7212.17 | -2043.43 | 0 | 0 | 2.97758 |
| M | Macy's Inc. | 1.37 | 2.49 | 0.08 | -0.23 | -19.57 | -14.46 | -30.80 | 36 | -56.95 | -37.01 | -51.25 | -24367.98 | 184.27 | 0 | 0 | 7.80197 |
| URBN | Urban Outfitters Inc | 1.34 | 4.43 | 6.95 | 2.44 | -5.17 | 48.18 | 28.79 | 59 | 9.04 | 19.00 | 29.08 | -2994.85 | -19558.57 | 0 | 0 | 8.4397 |
| DBI | Designer Brands Inc. | 1.23 | 2.63 | -1.52 | -4.88 | -29.09 | -43.07 | -61.42 | 42 | -82.50 | -87.64 | -134.52 | -49481.11 | -547.63 | 0 | 0 | 13.8414 |
| AEO | American Eagle Outfitters | 1.12 | 3.60 | 6.21 | 2.76 | -26.54 | -42.24 | -50.70 | 40 | -161.65 | -162.30 | -94.78 | -39802.28 | -370.93 | 0 | 0 | 6.10858 |
| TPR | Tapestry, Inc. Common Sto | 1.07 | 2.54 | 2.74 | -3.83 | 10.46 | 61.39 | 62.13 | 41 | 47.20 | 69.60 | 86.17 | -2806.48 | 193.75 | 0 | 0 | 3.47749 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
