Associated Banc-Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Associated Banc-Corp stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Associated Banc-Corp stock price gained 0.94% on the last trading day (Friday, 26th Apr 2024), rising from $21.37 to $21.57. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.60% from a day low at $21.18 to a day high of $22.15. The price has risen in 8 of the last 10 days and is up by 6.15% 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, 461 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $47.34 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $21.59 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Associated Banc-Corp stock with a 90% probability to be traded between $20.18 and $21.86 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 Signals & Forecast
The Associated Banc-Corp 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 $21.02 and $20.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.39%. 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 Associated Banc-Corp stock
Associated Banc-Corp finds support from accumulated volume at $21.01 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 $0.97 (4.60%) between high and low. For the last week, the stock has had daily average volatility of 2.96%.
Since the Associated Banc-Corp has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $20.72 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ASB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Associated Banc-Corp to open at $21.63, and during the day (based on 14 day Average True Range), to move between $21.02 and $22.12, which gives a possible trading interval of +/-$0.552 (+/-2.56%) up or down from last closing price. If Associated Banc-Corp takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.86 (1.34%) than the support at $21.01 (2.60%), 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 Associated Banc-Corp stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Associated Banc-Corp stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.963 Buy Candidate Upgraded
Predicted Opening Price for Associated Banc-Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $21.63 ( 0.286%) | $21.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.61 | 4.81 % | |
| R2 | 22.23 | 3.08 % | ||
| R1 | 22.00 | 2.01 % | ||
| Current price: | 21.57 | |||
| Support | S1 | 21.26 | -1.44 % | |
| S2 | 21.03 | -2.51 % | ||
| S3 | 20.66 | -4.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 22.00 | 1.99 % | ||
| R1 | 21.86 | 1.34 % | ||
| Current price | 21.57 | |||
| Support | S1 | 21.01 | -2.60% | |
| S2 | 20.84 | -3.38% | ||
| S3 | 20.54 | -4.78% |
ASB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.220 | 1.09% |
| 2 | Oct 25, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.220 | 1.04% |
| 3 | Jul 25, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.210 | 1.19% |
| 4 | Apr 25, 2023 | May 31, 2023 | Jun 15, 2023 | $0.210 | 1.22% |
| 5 | Feb 01, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.210 | 1.09% |
FAQ
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