SmartFinancial Stock Forecast
SmartFinancial stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The SmartFinancial stock price gained 2.82% on the last trading day (Wednesday, 24th Apr 2024), rising from $20.21 to $20.78. During the last trading day the stock fluctuated 5.36% from a day low at $20.14 to a day high of $21.22. The price has been going up and down for this period, and there has been a 6.45% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 62 thousand shares were bought and sold for approximately $1.30 million.
The stock lies the upper part of a 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 $21.14 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 -15.10% during the next 3 months and, with a 90% probability hold a price between $15.95 and $17.95 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SMBK Signals & Forecast
The SmartFinancial 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 $19.75 and $20.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.85%. Further rise is indicated until a new top pivot has been found. SmartFinancial has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 SmartFinancial stock
SmartFinancial finds support from accumulated volume at $20.70 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 5.36%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: $19.97 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SMBK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SmartFinancial to open at $20.71, and during the day (based on 14 day Average True Range), to move between $20.12 and $21.44, which gives a possible trading interval of +/-$0.662 (+/-3.19%) up or down from last closing price. If SmartFinancial takes out the full calculated possible swing range there will be an estimated 6.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.70 (0.38%) than the resistance at $21.06 (1.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SmartFinancial 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 Hold/Accumulate to a Buy candidate.
Current score: 2.138 Buy Candidate Upgraded
Predicted Opening Price for SmartFinancial of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $20.71 ( 0.321%) | $20.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.79 | 4.88 % | |
| R2 | 21.38 | 2.89 % | ||
| R1 | 21.13 | 1.66 % | ||
| Current price: | 20.78 | |||
| Support | S1 | 20.30 | -2.31 % | |
| S2 | 20.05 | -3.53 % | ||
| S3 | 19.63 | -5.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.91 | 15.06 % | |
| R2 | 21.14 | 1.73 % | ||
| R1 | 21.06 | 1.35 % | ||
| Current price | 20.78 | |||
| Support | S1 | 20.70 | -0.385% | |
| S2 | 20.15 | -3.03% | ||
| S3 | 19.09 | -8.13% |
SMBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 01, 2024 | Feb 20, 2024 | $0.0800 | 0.362% |
| 2 | Oct 27, 2023 | Nov 10, 2023 | Nov 27, 2023 | $0.0800 | 0.371% |
| 3 | Jul 27, 2023 | Aug 10, 2023 | Aug 28, 2023 | $0.0800 | 0.350% |
| 4 | Apr 27, 2023 | May 11, 2023 | Aug 28, 2023 | $0.0800 | 0.350% |
| 5 | Jan 26, 2023 | Feb 09, 2023 | Feb 27, 2023 | $0.0800 | 0.294% |
FAQ
Click here for our free guide on how to buy SmartFinancial Stock.
