Plumas Bancorp Stock Forecast

Plumas Bancorp stock price down 0.313% on Thursday
(Updated on Apr 25, 2024)

PLBC Signals & Forecast

There are few to no technical positive signals at the moment. The Plumas Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $35.30 and $35.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Plumas Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Plumas Bancorp stock

Plumas Bancorp finds support from accumulated volume at $34.11 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 $0.180 between high and low, or 0.516%. For the last week the stock has had daily average volatility of 0.457%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PLBC) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Plumas Bancorp to open at $35.01, and during the day (based on 14 day Average True Range), to move between $34.38 and $35.70, which gives a possible trading interval of +/-$0.657 (+/-1.88%) up or down from last closing price. If Plumas Bancorp takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $35.26 (0.63%) than the support at $34.11 (2.65%), 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 Plumas Bancorp stock A Buy?

Plumas Bancorp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.958 Sell Candidate Unchanged

Predicted Opening Price for Plumas Bancorp of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.