Eagle Bancorp Montana Stock Forecast

Eagle Bancorp Montana stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)

EBMT Signals & Forecast

The Eagle Bancorp Montana stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $12.61 and $12.74. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Eagle Bancorp Montana stock

Eagle Bancorp Montana finds support from accumulated volume at $12.82 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 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.50%

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 26th

For the upcoming trading day on Friday, 26th we expect Eagle Bancorp Montana to open at $12.86, and during the day (based on 14 day Average True Range), to move between $12.65 and $13.07, which gives a possible trading interval of +/-$0.206 (+/-1.60%) up or down from last closing price. If Eagle Bancorp Montana takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.82 (0.31%) than the resistance at $12.99 (1.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Eagle Bancorp Montana stock A Buy?

Eagle Bancorp Montana 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: -1.590 Sell Candidate Downgraded

Predicted Opening Price for Eagle Bancorp Montana of Friday, April 26, 2024

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