Greene County Bancorp Stock Forecast
Red day on Wednesday for Greene County Bancorp stock after losing 2.08%
(Updated on Apr 24, 2024)
The Greene County Bancorp stock price fell by -2.08% on the last day (Wednesday, 24th Apr 2024) from $29.26 to $28.65. During the last trading day the stock fluctuated 3.81% from a day low at $28.38 to a day high of $29.46. The price has risen in 7 of the last 10 days and is up by 8.56% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately $283.23 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Greene County Bancorp stock with a 90% probability to be traded between $25.56 and $32.71 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GCBC Signals & Forecast
The Greene County Bancorp 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 $28.28 and $27.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 10.19%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Greene County Bancorp 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".
Support, Risk & Stop-loss for Greene County Bancorp stock
Greene County Bancorp finds support from accumulated volume at $28.56 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 $1.08 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 4.81%.
Our recommended stop-loss: $27.71 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (GCBC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Greene County Bancorp to open at $28.83, and during the day (based on 14 day Average True Range), to move between $27.38 and $29.92, which gives a possible trading interval of +/-$1.27 (+/-4.42%) up or down from last closing price. If Greene County Bancorp takes out the full calculated possible swing range there will be an estimated 8.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.56 (0.31%) than the resistance at $29.67 (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..
Earnings coming up
Greene County Bancorp will release earnings BMO on Thursday, April 25, 2024. We will update the financials statements for Greene County Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.88% in the first trading day after earnings release.
Is Greene County Bancorp stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Greene County Bancorp stock to perform well in the short-term period.
Current score: 3.828 Buy Candidate Unchanged
Predicted Opening Price for Greene County Bancorp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $28.83 ( 0.628%) | $28.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GCBC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.91 | 4.40 % | |
| R2 | 29.50 | 2.96 % | ||
| R1 | 29.24 | 2.07 % | ||
| Current price: | 28.65 | |||
| Support | S1 | 28.42 | -0.81 % | |
| S2 | 28.16 | -1.70 % | ||
| S3 | 27.75 | -3.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.34 | 9.39 % | |
| R2 | 30.20 | 5.41 % | ||
| R1 | 29.67 | 3.56 % | ||
| Current price | 28.65 | |||
| Support | S1 | 28.56 | -0.314% | |
| S2 | 28.54 | -0.384% | ||
| S3 | 26.57 | -7.26% |
GCBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | May 14, 2024 | May 30, 2024 | $0.0800 | 0.279% |
| 2 | Jan 17, 2024 | Feb 14, 2024 | Feb 28, 2024 | $0.0800 | 0.283% |
| 3 | Oct 18, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.0800 | 0.319% |
| 4 | Jul 18, 2023 | Aug 11, 2023 | Aug 31, 2023 | $0.0800 | 0.278% |
| 5 | Apr 18, 2023 | May 12, 2023 | May 31, 2023 | $0.0700 | 0.262% |
FAQ
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