Associated Banc-corp Stock Forecast
Red day on Friday for Associated Banc-corp
(Updated on Jun 28, 2024)
The Associated Banc-corp stock price fell by -0.528% on the last day (Friday, 28th Jun 2024) from $22.72 to $22.60. During the last trading day the stock fluctuated 1.07% from a day low at $22.51 to a day high of $22.75. The price has been going up and down for this period, and there has been a 0.36% gain for the last 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 30 thousand shares were bought and sold for approximately $674.29 thousand.
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 $22.65 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 $21.29 and $22.36 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. 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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ASBA 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 $22.58 and $22.45. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. Associated Banc-corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Tuesday, June 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, June 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Associated Banc-corp stock
Associated Banc-corp finds support from accumulated volume at $22.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.240 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: $21.84 (-3.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (ASBA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Associated Banc-corp to open at $22.62, and during the day (based on 14 day Average True Range), to move between $22.34 and $22.86, which gives a possible trading interval of +/-$0.264 (+/-1.17%) up or down from last closing price. If Associated Banc-corp takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.69 (0.40%) than the support at $22.50 (0.44%), 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?
Associated Banc-corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.396 Hold/Accumulate Unchanged
Predicted Opening Price for Associated Banc-corp of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $22.62 ( 0.0885%) | $22.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASBA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.86 | 1.15% |
| R2 | 22.77 | 0.745% |
| R1 | 22.71 | 0.494% |
| Price | 22.60 | |
| S1 | 22.53 | -0.317% |
| S2 | 22.47 | -0.568% |
| S3 | 22.38 | -0.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.16 | 2.48% |
| R2 | 22.73 | 0.575% |
| R1 | 22.69 | 0.398% |
| Price | 22.60 | |
| S1 | 22.50 | -0.442% |
| S2 | 22.31 | -1.28% |
| S3 | 22.26 | -1.50% |
ASBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 15, 2024 | Aug 15, 2024 | Sep 03, 2024 | $0.414 | 1.83% |
| 2 | May 14, 2024 | May 14, 2024 | Jun 03, 2024 | $0.414 | 1.83% |
| 3 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.414 | 1.89% |
| 4 | Nov 14, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.414 | 1.92% |
| 5 | Aug 14, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.414 | 1.98% |
FAQ
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