Associated Banc-corp Stock Forecast
Associated Banc-corp stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Associated Banc-corp stock price gained 0.88% on the last trading day (Friday, 28th Jun 2024), rising from $18.90 to $19.07. During the last trading day the stock fluctuated 1.00% from a day low at $18.92 to a day high of $19.11. The price has fallen in 5 of the last 10 days and is down by -0.91% for this period. Volume fell on the last day by -6 thousand shares and in total, 15 thousand shares were bought and sold for approximately $281.26 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Associated Banc-corp stock with a 90% probability to be traded between $18.26 and $20.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ASB-PF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.88%. 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. The Associated Banc-corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.22 and $19.66. A break-up above any of these levels will issue buy signals. 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 Associated Banc-corp stock
Associated Banc-corp finds support from accumulated volume at $18.90 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 $0.190 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.41%
Our recommended stop-loss: $17.97 (-5.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (ASB-PF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Associated Banc-corp to open at $19.03, and during the day (based on 14 day Average True Range), to move between $18.84 and $19.30, which gives a possible trading interval of +/-$0.233 (+/-1.22%) up or down from last closing price. If Associated Banc-corp takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.90 (0.87%) than the resistance at $19.85 (4.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Associated Banc-corp stock A Buy?
Associated Banc-corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.429 Hold/Accumulate Upgraded
Predicted Opening Price for Associated Banc-corp of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $19.03 ( 0.192%) | $19.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASB-PF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.22 | 0.80% |
| R2 | 19.15 | 0.423% |
| R1 | 19.11 | 0.188% |
| Price | 19.07 | |
| S1 | 18.96 | -0.573% |
| S2 | 18.92 | -0.81% |
| S3 | 18.84 | -1.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.16 | 5.72% |
| R2 | 20.10 | 5.40% |
| R1 | 19.85 | 4.09% |
| Price | 19.07 | |
| S1 | 18.90 | -0.87% |
| S2 | 18.89 | -0.94% |
| S3 | 18.68 | -2.05% |
ASB-PF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 17, 2024 | $0.352 | 1.83% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.352 | 1.81% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.352 | 1.80% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.352 | 2.11% |
| 5 | May 31, 2023 | May 31, 2023 | Jun 15, 2023 | $0.352 | 2.25% |
FAQ
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