Glacier Bancorp Stock Forecast
Glacier Bancorp stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Glacier Bancorp stock price fell by -1.17% on the last day (Wednesday, 24th Apr 2024) from $38.39 to $37.94. During the last trading day the stock fluctuated 2.08% from a day low at $37.73 to a day high of $38.52. The price has been going up and down for this period, and there has been a 3.46% gain for the last 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 -35 thousand shares and in total, 539 thousand shares were bought and sold for approximately $20.46 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.03% during the next 3 months and, with a 90% probability hold a price between $33.92 and $40.25 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GBCI Signals & Forecast
There are mixed signals in the stock today. The Glacier Bancorp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $38.11. On a fall, the stock will find some support from the short-term average at $36.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.17%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Glacier Bancorp stock
Glacier Bancorp finds support from accumulated volume at $36.94 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 $0.785 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GBCI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Glacier Bancorp to open at $38.06, and during the day (based on 14 day Average True Range), to move between $36.67 and $39.21, which gives a possible trading interval of +/-$1.27 (+/-3.34%) up or down from last closing price. If Glacier Bancorp takes out the full calculated possible swing range there will be an estimated 6.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.26 (0.84%) than the support at $36.94 (2.64%), 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 Glacier Bancorp stock A Buy?
Glacier Bancorp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.066 Sell Candidate Downgraded
Predicted Opening Price for Glacier Bancorp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $38.06 ( 0.321%) | $37.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.85 | 2.39 % | |
| R2 | 38.55 | 1.60 % | ||
| R1 | 38.36 | 1.11 % | ||
| Current price: | 37.94 | |||
| Support | S1 | 37.76 | -0.470 % | |
| S2 | 37.58 | -0.96 % | ||
| S3 | 37.28 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.92 | 10.49 % | |
| R2 | 41.06 | 8.22 % | ||
| R1 | 38.26 | 0.84 % | ||
| Current price | 37.94 | |||
| Support | S1 | 36.94 | -2.64% | |
| S2 | 36.74 | -3.16% | ||
| S3 | 36.67 | -3.35% |
GBCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Apr 08, 2024 | Apr 18, 2024 | $0.330 | 0.94% |
| 2 | Nov 15, 2023 | Dec 04, 2023 | Dec 14, 2023 | $0.330 | 0.770% |
| 3 | Sep 27, 2023 | Oct 06, 2023 | Oct 19, 2023 | $0.330 | 1.10% |
| 4 | Jun 29, 2023 | Jul 10, 2023 | Jul 20, 2023 | $0.330 | 0.94% |
| 5 | Mar 29, 2023 | Apr 10, 2023 | Jul 20, 2023 | $0.330 | 0.94% |
FAQ
Click here for our free guide on how to buy Glacier Bancorp Stock.
