RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PKBK
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Parke Bancorp stock price ended at $17.23 on Thursday, after gaining 0.760%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -0.26% PDF

The Parke Bancorp stock price gained 0.760% on the last trading day (Thursday, 28th Mar 2024), rising from $17.10 to $17.23. During the last trading day the stock fluctuated 1.19% from a day low at $17.11 to a day high of $17.31. The price has risen in 7 of the last 10 days and is up by 3.52% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 9 thousand shares were bought and sold for approximately $159.56 thousand. 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.

The stock lies the upper part of a very 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 $17.70 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 -14.71% during the next 3 months and, with a 90% probability hold a price between $12.05 and $15.09 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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PKBK Signals & Forecast

The Parke 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 $17.05 and $16.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 9.85%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Parke Bancorp stock

Parke Bancorp finds support from accumulated volume at $17.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.204 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: $16.63 (-3.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (PKBK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Parke Bancorp to open at $17.22, and during the day (based on 14 day Average True Range), to move between $16.78 and $17.67, which gives a possible trading interval of +/-$0.441 (+/-2.56%) up or down from last closing price. If Parke Bancorp takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.03 (1.13%) than the resistance at $18.47 (7.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Parke Bancorp 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: 2.848 Buy Candidate Unchanged

Predicted Opening Price for Parke Bancorp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.22 ( 0.0505%) $17.23

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

Trading levels for PKBK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.42 1.13 %
R2 17.34 0.681 %
R1 17.29 0.402 %
Current price: 17.23
Support S1 17.14 -0.503 %
S2 17.09 -0.782 %
S3 17.01 -1.23 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.97 15.94 %
R2 19.80 14.95 %
R1 18.47 7.23 %
Current price 17.23
Support S1 17.03 -1.13%
S2 16.74 -2.82%
S3 15.68 -8.97%

PKBK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Apr 04, 2024 Apr 19, 2024 $0.180 1.04%
2 Dec 19, 2023 Jan 02, 2024 Jan 17, 2024 $0.180 1.01%
3 Sep 20, 2023 Sep 29, 2023 Oct 16, 2023 $0.180 1.10%
4 Jun 27, 2023 Jul 07, 2023 Jul 24, 2023 $0.180 0.96%
5 Mar 28, 2023 Apr 06, 2023 Jul 24, 2023 $0.180 0.96%

FAQ

What is the symbol for Parke Bancorp Stock and on which exchange is it traded?
The symbol for Parke Bancorp is PKBK and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Parke Bancorp Stock?
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.

How to buy Parke Bancorp Stock?
Parke Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Parke Bancorp Stock.

What's the current price of Parke Bancorp Stock?
As of the end of day on the 2024-03-28, the price of an Parke Bancorp (PKBK) share was $17.23.

What is the 52-week high and low for Parke Bancorp Stock?
The 52-week high for Parke Bancorp Stock is $20.87 and the 52-week low is $14.86.

What is the market capitalization of Parke Bancorp Stock?
As of the 2024-03-28, the market capitalization of Parke Bancorp is 205.982M.

When is the next earnings date for Parke Bancorp?
The upcoming earnings date for Parke Bancorp is Apr 22, 2024.
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About Parke Bancorp

Parke Ban Parke Bancorp, Inc. operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit. Its loan portfolio comprises commercial and industrial, construction, commercial and residential real estat... PKBK Profile

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