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 SBNY
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High volatility in Signature Bank stock price on Thursday which ended trading at $2.30
(Updated on Mar 28, 2024)

Buy candidate since Mar 08, 2024 Gain 32.56% PDF

The Signature Bank stock price fell by -4.17% on the last day (Thursday, 28th Mar 2024) from $2.40 to $2.30. During the last trading day the stock fluctuated 34.25% from a day low at $1.81 to a day high of $2.43. The price has risen in 6 of the last 10 days and is up by 21.05% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -157 thousand shares and in total, 97 thousand shares were bought and sold for approximately $222.30 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.77% during the next 3 months and, with a 90% probability hold a price between $1.37 and $3.60 at the end of this 3-month period.

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SBNY Signals & Forecast

The Signature Bank 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 $2.21 and $1.88. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -4.17%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Signature Bank stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.00 and $1.95. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Signature Bank finds support just below today's level at $2.00. If this is broken, then the next support from accumulated volume will be at $1.95 and $1.90.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.620 between high and low, or 34.25%. For the last week the stock has had daily average volatility of 27.49%.

The Signature Bank stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.

Our recommended stop-loss: $2.19 (-4.86%) (This stock has high daily movements and this gives high risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SBNY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Signature Bank to open at $2.18, and during the day (based on 14 day Average True Range), to move between $1.82 and $2.78, which gives a possible trading interval of +/-$0.478 (+/-20.78%) up or down from last closing price. If Signature Bank takes out the full calculated possible swing range there will be an estimated 41.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.35 (2.17%) than the support at $2.00 (13.04%), 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 Signature Bank stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Signature Bank stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.269 Buy Candidate Downgraded

Predicted Opening Price for Signature Bank of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.18 ( 5.22%) $2.30

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

Trading levels for SBNY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.80 21.74 %
R2 2.56 11.44 %
R1 2.42 5.08 %
Current price: 2.30
Support S1 1.94 -15.51 %
S2 1.80 -21.88 %
S3 1.56 -32.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.65 15.22 %
R2 2.50 8.70 %
R1 2.35 2.17 %
Current price 2.30
Support S1 2.00 -13.04%
S2 1.95 -15.22%
S3 1.90 -17.39%

SBNY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 17, 2023 Jan 26, 2023 Feb 10, 2023 $0.700 0.539%
2 Oct 18, 2022 Oct 27, 2022 Nov 10, 2022 $0.560 0.397%
3 Jul 19, 2022 Jul 28, 2022 Aug 12, 2022 $0.560 0.271%
4 Apr 19, 2022 Apr 28, 2022 May 13, 2022 $0.560 0.278%
5 Jan 18, 2022 Jan 27, 2022 Feb 11, 2022 $0.560 0.166%

FAQ

What is the symbol for Signature Bank Stock and on which exchange is it traded?
The symbol for Signature Bank is SBNY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Signature Bank Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Signature Bank stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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

What's the current price of Signature Bank Stock?
As of the end of day on the 2024-03-28, the price of an Signature Bank (SBNY) share was $2.30.

What is the 52-week high and low for Signature Bank Stock?
The 52-week high for Signature Bank Stock is $2.75 and the 52-week low is $0.0003.

What is the market capitalization of Signature Bank Stock?
As of the 2024-03-28, the market capitalization of Signature Bank is 144.84M.
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About Signature Bank

Signature Bank Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and inve... SBNY Profile

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