Associated Banc-Corp Stock Forecast
Associated Banc-Corp stock price up 1.18% on Thursday
(Updated on Mar 28, 2024)
The Associated Banc-Corp stock price gained 1.18% on the last trading day (Thursday, 28th Mar 2024), rising from $21.26 to $21.51. During the last trading day the stock fluctuated 1.72% from a day low at $21.19 to a day high of $21.56. The price has risen in 7 of the last 10 days and is up by 7.12% 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, 805 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $36.94 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 $21.22, a level that may pose a second chance to hit a runner. According to fan-theory $23.09 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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ASB Signals & Forecast
The Associated Banc-Corp 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 $20.90 and $20.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.34%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Associated Banc-Corp stock
Associated Banc-Corp finds support from accumulated volume at $21.01 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 $0.365 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: $20.62 (-4.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ASB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Associated Banc-Corp to open at $21.42, and during the day (based on 14 day Average True Range), to move between $20.99 and $22.03, which gives a possible trading interval of +/-$0.524 (+/-2.44%) up or down from last closing price. If Associated Banc-Corp takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.65 (0.65%) than the support at $21.01 (2.32%), 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 Associated Banc-Corp 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: 2.789 Buy Candidate Unchanged
Predicted Opening Price for Associated Banc-Corp of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$21.42 ( 0.426%) | $21.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.78 | 1.27 % | |
R2 | 21.64 | 0.623 % | ||
R1 | 21.56 | 0.222 % | ||
Current price: | 21.51 | |||
Support | S1 | 21.28 | -1.07 % | |
S2 | 21.19 | -1.47 % | ||
S3 | 21.05 | -2.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.88 | 1.72 % | |
R2 | 21.86 | 1.63 % | ||
R1 | 21.65 | 0.651 % | ||
Current price | 21.51 | |||
Support | S1 | 21.01 | -2.32% | |
S2 | 20.84 | -3.11% | ||
S3 | 20.54 | -4.51% |
ASB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.220 | 1.09% |
2 | Oct 25, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.220 | 1.04% |
3 | Jul 25, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.210 | 1.19% |
4 | Apr 25, 2023 | May 31, 2023 | Jun 15, 2023 | $0.210 | 1.22% |
5 | Feb 01, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.210 | 1.09% |
FAQ
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