Equity Bancshares Stock Forecast
Green day on Thursday for Equity Bancshares stock after gaining 0.85%
(Updated on Mar 28, 2024)
The Equity Bancshares stock price gained 0.85% on the last trading day (Thursday, 28th Mar 2024), rising from $34.08 to $34.37. During the last trading day the stock fluctuated 1.77% from a day low at $33.85 to a day high of $34.45. The price has risen in 7 of the last 10 days and is up by 10.27% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 67 thousand shares were bought and sold for approximately $2.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -3.89% during the next 3 months and, with a 90% probability hold a price between $29.31 and $33.03 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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EQBK Signals & Forecast
Mostly positive signals in the chart today. The Equity Bancshares 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 $33.47 and $32.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 11.19%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Equity Bancshares stock
Equity Bancshares finds support from accumulated volume at $34.05 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 $0.600 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: $32.76 (-4.69%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (EQBK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Equity Bancshares to open at $34.22, and during the day (based on 14 day Average True Range), to move between $33.54 and $35.20, which gives a possible trading interval of +/-$0.83 (+/-2.41%) up or down from last closing price. If Equity Bancshares takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.41 (0.12%) than the support at $34.05 (0.93%), 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 Equity Bancshares 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.
Current score: 3.040 Buy Candidate Unchanged
Predicted Opening Price for Equity Bancshares of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$34.22 ( 0.427%) | $34.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQBK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.82 | 1.32 % | |
R2 | 34.59 | 0.652 % | ||
R1 | 34.45 | 0.240 % | ||
Current price: | 34.37 | |||
Support | S1 | 33.99 | -1.09 % | |
S2 | 33.85 | -1.51 % | ||
S3 | 33.62 | -2.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.66 | 0.84 % | |
R2 | 34.56 | 0.553 % | ||
R1 | 34.41 | 0.116 % | ||
Current price | 34.37 | |||
Support | S1 | 34.05 | -0.93% | |
S2 | 32.50 | -5.44% | ||
S3 | 32.00 | -6.90% |
EQBK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.120 | 0.349% |
2 | Dec 13, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.120 | 0.367% |
3 | Sep 19, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.120 | 0.490% |
4 | Jun 16, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.100 | 0.417% |
5 | Mar 20, 2023 | Mar 30, 2023 | Jul 14, 2023 | $0.100 | 0.417% |
FAQ
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