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 HOPE
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Stronger technical forecast for BBCN Bancorp Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The BBCN Bancorp Inc stock price gained 4.38% on the last trading day (Wednesday, 27th Mar 2024), rising from $10.95 to $11.43. During the last trading day the stock fluctuated 3.63% from a day low at $11.03 to a day high of $11.43. The price has risen in 6 of the last 10 days and is up by 3.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 241 thousand more shares were traded than the day before. In total, 553 thousand shares were bought and sold for approximately $6.32 million.

Given the current short-term trend, the stock is expected to fall -7.87% during the next 3 months and, with a 90% probability hold a price between $9.29 and $10.53 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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HOPE Signals & Forecast

The BBCN Bancorp Inc 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 $11.10 and $11.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 7.73%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for BBCN Bancorp Inc stock

BBCN Bancorp Inc finds support from accumulated volume at $11.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.400 (3.63%) between high and low. For the last week, the stock has had daily average volatility of 2.49%.

Our recommended stop-loss: $10.98 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (HOPE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect BBCN Bancorp Inc to open at $11.30, and during the day (based on 14 day Average True Range), to move between $11.10 and $11.76, which gives a possible trading interval of +/-$0.326 (+/-2.85%) up or down from last closing price. If BBCN Bancorp Inc takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.47 (0.35%) than the support at $11.08 (3.06%), 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 BBCN Bancorp Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.913 Buy Candidate Upgraded

Predicted Opening Price for BBCN Bancorp Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.30 ( 1.17%) $11.43

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

Trading levels for HOPE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.70 2.33 %
R2 11.54 1.00 %
R1 11.45 0.170 %
Current price: 11.43
Support S1 11.14 -2.50 %
S2 11.05 -3.33 %
S3 10.90 -4.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.81 3.32 %
R2 11.76 2.89 %
R1 11.47 0.350 %
Current price 11.43
Support S1 11.08 -3.06%
S2 10.93 -4.37%
S3 10.90 -4.64%

HOPE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Feb 08, 2024 Feb 23, 2024 $0.140 1.28%
2 Oct 23, 2023 Nov 01, 2023 Nov 16, 2023 $0.140 1.40%
3 Jul 24, 2023 Aug 02, 2023 Aug 17, 2023 $0.140 1.43%
4 Apr 24, 2023 May 03, 2023 May 18, 2023 $0.140 1.67%
5 Jan 23, 2023 Feb 01, 2023 Feb 16, 2023 $0.140 1.06%

FAQ

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

Should I buy or sell BBCN Bancorp Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

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

What's the current price of BBCN Bancorp Inc Stock?
As of the end of day on the 2024-03-27, the price of an BBCN Bancorp Inc (HOPE) share was $11.43.

What is the 52-week high and low for BBCN Bancorp Inc Stock?
The 52-week high for BBCN Bancorp Inc Stock is $12.50 and the 52-week low is $7.42.

What is the market capitalization of BBCN Bancorp Inc Stock?
As of the 2024-03-27, the market capitalization of BBCN Bancorp Inc is 1.315B.

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

BBCN Ban Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services for small and medium-sized businesses, and individuals in the United States. The company accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. Its loan products include commercial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, ... HOPE Profile

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