0% commission for ETF tradesBanc of California Inc Stock Forecast
AI Analysis of BANC
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Green day on Friday for Banc of California Inc stock after gaining 3.32%
(Updated on Sep 13, 2024)
The Banc of California Inc stock price gained 3.32% on the last trading day (Friday, 13th Sep 2024), rising from $13.85 to $14.31. During the last trading day the stock fluctuated 1.34% from a day low at $14.14 to a day high of $14.33. The price has risen in 6 of the last 10 days but is still down by -0.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 384 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $24.50 million.
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 9.95% during the next 3 months and, with a 90% probability hold a price between $14.52 and $17.09 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 $13.96 and $13.76. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, August 23, 2024, and so far it has fallen -2.25%. 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).
Support, Risk & Stop-loss for Banc of California Inc stock
Banc of California Inc finds support from accumulated volume at $13.96 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 $0.190 (1.34%) between high and low. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: $13.66 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (BANC) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect Banc of California Inc to open at $14.26, and during the day (based on 14 day Average True Range), to move between $13.85 and $14.77, which gives a possible trading interval of +/-$0.456 (+/-3.19%) 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 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.40 (0.63%) than the support at $13.96 (2.45%), 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 Banc of California Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Banc of California Inc stock to perform well in the short-term.
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Current score: 4.394 Buy Candidate Unchanged
Predicted Opening Price for Banc of California Inc of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $14.26 ( 0.349%) | $14.31 |
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 | |
|---|---|---|
| R3 | 14.45 | 0.98% |
| R2 | 14.38 | 0.471% |
| R1 | 14.33 | 0.158% |
| Price | 14.31 | |
| S1 | 14.19 | -0.86% |
| S2 | 14.14 | -1.17% |
| S3 | 14.07 | -1.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.67 | 2.52% |
| R2 | 14.51 | 1.40% |
| R1 | 14.40 | 0.629% |
| Price | 14.31 | |
| S1 | 13.96 | -2.45% |
| S2 | 13.83 | -3.35% |
| S3 | 12.78 | -10.69% |
BANC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 12, 2024 | Sep 16, 2024 | Oct 01, 2024 | $0.100 | 0.699% |
| 2 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.100 | 0.779% |
| 3 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.100 | 0.686% |
| 4 | Nov 10, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.100 | 0.752% |
| 5 | Aug 03, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.100 | 0.83% |
FAQ
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