RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SASR
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Sandy Spring Bancorp stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Sandy Spring Bancorp stock price gained 4.31% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.79 to $22.73. During the last trading day the stock fluctuated 4.30% from a day low at $21.85 to a day high of $22.79. The price has risen in 6 of the last 10 days and is up by 4.94% 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, 118 thousand more shares were traded than the day before. In total, 305 thousand shares were bought and sold for approximately $6.94 million.

Given the current short-term trend, the stock is expected to fall -21.88% during the next 3 months and, with a 90% probability hold a price between $15.52 and $17.76 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SASR Signals & Forecast

Mostly positive signals in the chart today. The Sandy Spring Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.94 and $22.01. 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 10.34%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Sandy Spring Bancorp stock

Sandy Spring Bancorp finds support from accumulated volume at $22.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.94 between high and low, or 4.30%. For the last week, the stock has had daily average volatility of 2.73%.

Our recommended stop-loss: $21.84 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (SASR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Sandy Spring Bancorp to open at $22.46, and during the day (based on 14 day Average True Range), to move between $21.98 and $23.48, which gives a possible trading interval of +/-$0.751 (+/-3.30%) up or down from last closing price. If Sandy Spring Bancorp takes out the full calculated possible swing range there will be an estimated 6.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.09 (1.58%) than the support at $22.17 (2.46%), 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 Sandy Spring Bancorp stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.659 Buy Candidate Upgraded

Predicted Opening Price for Sandy Spring Bancorp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$22.46 ( 1.20%) $22.73

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

Trading levels for SASR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.40 2.93 %
R2 23.04 1.35 %
R1 22.82 0.377 %
Current price: 22.73
Support S1 22.10 -2.78 %
S2 21.88 -3.76 %
S3 21.52 -5.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.38 16.06 %
R2 25.77 13.37 %
R1 23.09 1.58 %
Current price 22.73
Support S1 22.17 -2.46%
S2 22.11 -2.73%
S3 20.94 -7.88%

SASR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 31, 2024 Feb 13, 2024 Feb 21, 2024 $0.340 1.55%
2 Oct 26, 2023 Nov 07, 2023 Nov 15, 2023 $0.340 1.45%
3 Jul 26, 2023 Aug 08, 2023 Aug 16, 2023 $0.340 1.50%
4 Apr 26, 2023 May 09, 2023 May 17, 2023 $0.340 1.54%
5 Jan 26, 2023 Feb 07, 2023 Feb 15, 2023 $0.340 0.99%

FAQ

What is the symbol for Sandy Spring Bancorp Stock and on which exchange is it traded?
The symbol for Sandy Spring Bancorp is SASR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sandy Spring Bancorp Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Sandy Spring Bancorp Stock?
Sandy Spring Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sandy Spring Bancorp Stock.

What's the current price of Sandy Spring Bancorp Stock?
As of the end of day on the 2024-03-27, the price of an Sandy Spring Bancorp (SASR) share was $22.73.

What is the 52-week high and low for Sandy Spring Bancorp Stock?
The 52-week high for Sandy Spring Bancorp Stock is $27.90 and the 52-week low is $19.27.

What is the market capitalization of Sandy Spring Bancorp Stock?
As of the 2024-03-27, the market capitalization of Sandy Spring Bancorp is 1.021B.

When is the next earnings date for Sandy Spring Bancorp?
The upcoming earnings date for Sandy Spring Bancorp is Apr 18, 2024.
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About Sandy Spring Bancorp

Sandy Spring Ban Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses. It operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment offers financial products and services, including various loan and deposit products. Its loan products include commerci... SASR Profile

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