Auburn National Bancorporation Stock Forecast

Buy or Hold candidate since Oct 31, 2024 Gain 5.41%

The Auburn National Bancorporation stock price fell by -1.50% on the last day (Thursday, 12th Dec 2024) from $23.35 to $23.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.52% from a day low at $23.00 to a day high of $23.35. The price has been going up and down for this period, and there has been a -2.54% loss for the last 2 weeks. Volume has increased on the last day by 3 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, 3 thousand shares were bought and sold for approximately $76.04 thousand.

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 8.88% during the next 3 months and, with a 90% probability hold a price between $23.21 and $28.54 at the end of this 3-month period.

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AUBN Signals & Forecast

A sell signal was issued from a pivot top point on Monday, December 09, 2024, and so far it has fallen -3.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Auburn National Bancorporation 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 very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Auburn National Bancorporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $23.27. On a fall, the stock will find some support from the long-term average at approximately $22.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Auburn National Bancorporation stock

Auburn National Bancorporation finds support from accumulated volume at $22.23 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 $0.350 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 2.28%.

Our recommended stop-loss: $22.00 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (AUBN) For The Upcoming Trading Day Of Friday 13th

For the upcoming trading day on Friday, 13th we expect Auburn National Bancorporation to open at $23.12, and during the day (based on 14 day Average True Range), to move between $22.24 and $23.76, which gives a possible trading interval of +/-$0.764 (+/-3.32%) up or down from last closing price. If Auburn National Bancorporation takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.20 (0.87%) than the support at $22.23 (3.33%), 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 Auburn National Bancorporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.202 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 13, 2024 - $23.12 ( 0.507%).