Banc of California Inc Stock Forecast
Green day on Thursday for Banc of California Inc
(Updated on Mar 28, 2024)
The Banc of California Inc stock price gained 0.264% on the last trading day (Thursday, 28th Mar 2024), rising from $15.17 to $15.21. During the last trading day the stock fluctuated 3.01% from a day low at $15.09 to a day high of $15.54. The price has risen in 6 of the last 10 days and is up by 7.19% 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, 1 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $71.07 million.
The stock lies in the middle of a wide and strong 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 16.41% during the next 3 months and, with a 90% probability hold a price between $16.39 and $19.33 at the end of this 3-month period.
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BANC Signals & Forecast
The Banc of California Inc 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 $14.84 and $14.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 9.11%. 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 Banc of California Inc stock
Banc of California Inc finds support from accumulated volume at $14.57 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 $0.454 (3.01%) between high and low. For the last week, the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: $14.62 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BANC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Banc of California Inc to open at $15.28, and during the day (based on 14 day Average True Range), to move between $14.71 and $15.71, which gives a possible trading interval of +/-$0.498 (+/-3.27%) up or down from last closing price. If Banc of California Inc takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $14.57, some $0.640 (4.21%) from the current price of $15.21, our system finds the risk reward attractive.
Is Banc of California Inc stock A Buy?
Banc of California Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.866 Strong Buy Candidate Unchanged
Predicted Opening Price for Banc of California Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$15.28 ( 0.469%) | $15.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BANC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.74 | 3.45 % | |
R2 | 15.56 | 2.31 % | ||
R1 | 15.45 | 1.61 % | ||
Current price: | 15.21 | |||
Support | S1 | 15.11 | -0.671 % | |
S2 | 15.00 | -1.38 % | ||
S3 | 14.83 | -2.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 15.21 | |||
Support | S1 | 14.57 | -4.21% | |
S2 | 14.23 | -6.44% | ||
S3 | 12.74 | -16.24% |
BANC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.100 | 0.657% |
2 | Nov 10, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.100 | 0.752% |
3 | Aug 03, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.100 | 0.83% |
4 | May 12, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.100 | 0.85% |
5 | Feb 13, 2023 | Mar 14, 2023 | Apr 03, 2023 | $0.100 | 0.797% |
FAQ
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