Eagle Bancorp Montana Stock Forecast
Red day on Thursday for Eagle Bancorp Montana
(Updated on Apr 18, 2024)
The Eagle Bancorp Montana stock price fell by -0.0806% on the last day (Thursday, 18th Apr 2024) from $12.40 to $12.39. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.649% from a day low at $12.32 to a day high of $12.40. The price has fallen in 6 of the last 10 days and is down by -1.98% for this period. 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 -4 thousand shares and in total, 4 thousand shares were bought and sold for approximately $50.13 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $12.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.07% during the next 3 months and, with a 90% probability hold a price between $9.40 and $10.74 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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EBMT Signals & Forecast
There are few to no technical positive signals at the moment. The Eagle Bancorp Montana 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 $12.49 and $12.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -6.63%. 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). 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Eagle Bancorp Montana stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0800 between high and low, or 0.649%. For the last week the stock has had daily average volatility of 0.94%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EBMT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Eagle Bancorp Montana to open at $12.37, and during the day (based on 14 day Average True Range), to move between $12.17 and $12.61, which gives a possible trading interval of +/-$0.217 (+/-1.75%) up or down from last closing price. If Eagle Bancorp Montana takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $12.99, some $0.600 (4.84%) from the current price of $12.39, our system finds the risk reward not very attractive.
Earnings coming up
Eagle Bancorp Montana will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.290. We will update the financials statements for Eagle Bancorp Montana, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.94% in the first trading day after earnings release.
Is Eagle Bancorp Montana stock A Buy?
Eagle Bancorp Montana 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: -4.191 Sell Candidate Unchanged
Predicted Opening Price for Eagle Bancorp Montana of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $12.37 ( 0.161%) | $12.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.45 | 0.484 % | |
| R2 | 12.42 | 0.238 % | ||
| R1 | 12.40 | 0.0852 % | ||
| Current price: | 12.39 | |||
| Support | S1 | 12.34 | -0.408 % | |
| S2 | 12.32 | -0.560 % | ||
| S3 | 12.29 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.20 | 6.54 % | |
| R2 | 13.00 | 4.92 % | ||
| R1 | 12.99 | 4.84 % | ||
| Current price | 12.39 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
EBMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Feb 08, 2024 | $0 | 0% |
| 2 | Oct 19, 2023 | Nov 09, 2023 | Dec 01, 2023 | $0.140 | 1.10% |
| 3 | Jul 20, 2023 | Aug 10, 2023 | Sep 01, 2023 | $0.140 | 1.11% |
| 4 | Apr 20, 2023 | May 11, 2023 | Jun 02, 2023 | $0.138 | 1.05% |
| 5 | Jan 19, 2023 | Feb 09, 2023 | Mar 03, 2023 | $0.138 | 0.792% |
FAQ
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