BankFinancial Corporation Stock Forecast

Red day on Friday for BankFinancial Corporation
(Updated on Apr 19, 2024)

BFIN Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The BankFinancial Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.15 and $10.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for BankFinancial Corporation stock

BankFinancial Corporation finds support from accumulated volume at $9.95 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 $0.140 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 1.37%.

BankFinancial Corporation is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (BFIN) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect BankFinancial Corporation to open at $10.05, and during the day (based on 14 day Average True Range), to move between $9.82 and $10.18, which gives a possible trading interval of +/-$0.184 (+/-1.84%) up or down from last closing price. If BankFinancial Corporation takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.02 (0.20%) than the support at $9.95 (0.50%), 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 BankFinancial Corporation stock A Buy?

BankFinancial Corporation 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: -2.601 Sell Candidate Unchanged

Predicted Opening Price for BankFinancial Corporation of Monday, April 22, 2024

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