The "jwn stock price forecast" indicates that bearish downside risk remains capped near the $18.00 support, barring a major macroeconomic shock. This support level has held multiple times in the past six months. It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Nordstrom's TSR for the last 5 years was -53%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. Meanwhile, confidence plummeted in February, notching its biggest monthly decline in nearly four years as 12-month inflation expectations jumped and recession fears escalated. The latest consumer sentiment reading also highlighted greater concerns around tariffs and the impact those and other policies could have on inflation and the broader economy. Technical traders will note that Fibonacci retracement levels place key resistance near $22.80 for JWN, aligning with the upper band of the "jwn stock price forecast" optimism zone for mid-year.