Mercantil Bank Holding Corp. Class A Stock Forecast
Green day on Friday for Mercantil Bank Holding Corp. Class A stock after gaining 0.603%
(Updated on May 17, 2024)
The Mercantil Bank Holding Corp. Class A stock price gained 0.603% on the last trading day (Friday, 17th May 2024), rising from $23.20 to $23.34. During the last trading day the stock fluctuated 1.75% from a day low at $23.12 to a day high of $23.53. The price has risen in 6 of the last 10 days and is up by 3.23% 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, 21 thousand more shares were traded than the day before. In total, 89 thousand shares were bought and sold for approximately $2.07 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.53% during the next 3 months and, with a 90% probability hold a price between $22.42 and $25.33 at the end of this 3-month period.
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AMTB Signals & Forecast
Mostly positive signals in the chart today. The Mercantil Bank Holding Corp. Class A 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 $23.15 and $22.28. 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 12.21%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Mercantil Bank Holding Corp. Class A stock
Mercantil Bank Holding Corp. Class A finds support from accumulated volume at $22.72 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 $0.405 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $22.18 (-4.97%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (AMTB) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Mercantil Bank Holding Corp. Class A to open at $23.33, and during the day (based on 14 day Average True Range), to move between $22.79 and $23.89, which gives a possible trading interval of +/-$0.551 (+/-2.36%) up or down from last closing price. If Mercantil Bank Holding Corp. Class A takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $22.72, some $0.620 (2.66%) from the current price of $23.34, our system finds the risk reward attractive.
Is Mercantil Bank Holding Corp. Class A stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mercantil Bank Holding Corp. Class A stock to perform well in the short-term.
Current score: 3.419 Buy Candidate Unchanged
Predicted Opening Price for Mercantil Bank Holding Corp. Class A of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $23.33 ( 0.0500%) | $23.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMTB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.73 | 1.69 % | |
| R2 | 23.58 | 1.02 % | ||
| R1 | 23.48 | 0.613 % | ||
| Current price: | 23.34 | |||
| Support | S1 | 23.17 | -0.713 % | |
| S2 | 23.08 | -1.12 % | ||
| S3 | 22.92 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 23.34 | |||
| Support | S1 | 22.72 | -2.66% | |
| S2 | 22.08 | -5.40% | ||
| S3 | 22.04 | -5.57% |
AMTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 14, 2024 | May 30, 2024 | $0.0900 | 0.386% |
| 2 | Feb 13, 2024 | Feb 13, 2024 | Feb 29, 2024 | $0.0900 | 0.425% |
| 3 | Oct 19, 2023 | Nov 13, 2023 | Nov 30, 2023 | $0.0900 | 0.435% |
| 4 | Jul 19, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.0900 | 0.484% |
| 5 | Apr 19, 2023 | May 12, 2023 | Aug 31, 2023 | $0.0900 | 0.484% |
FAQ
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