Bank of South Carolina Corp. Stock Forecast

Red day on Thursday for Bank of South Carolina Corp. stock after losing 1.71%
(Updated on Apr 25, 2024)

BKSC Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 1.86%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bank of South Carolina Corp. 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 $12.10 and $12.29. 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). Bank of South Carolina Corp. 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bank of South Carolina Corp. stock

Bank of South Carolina Corp. finds support from accumulated volume at $11.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.107 (0.89%) between high and low. For the last week, the stock has had daily average volatility of 0.542%.

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

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

For the upcoming trading day on Friday, 26th we expect Bank of South Carolina Corp. to open at $12.10, and during the day (based on 14 day Average True Range), to move between $11.84 and $12.30, which gives a possible trading interval of +/-$0.227 (+/-1.88%) up or down from last closing price. If Bank of South Carolina Corp. takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.99 (0.66%) than the resistance at $12.50 (3.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bank of South Carolina Corp. stock A Buy?

Bank of South Carolina Corp. 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: -3.560 Sell Candidate Unchanged

Predicted Opening Price for Bank of South Carolina Corp. of Friday, April 26, 2024

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