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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BANC
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Banc of California Inc stock price ended at $13.81 on Wednesday, after losing 0.0724%.
(Updated on Apr 17, 2024)

Sell candidate since Apr 16, 2024 Loss -0.07% PDF

The Banc of California Inc stock price fell by -0.0724% on the last day (Wednesday, 17th Apr 2024) from $13.82 to $13.81. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 1.81% from a day low at $13.78 to a day high of $14.03. The price has fallen in 6 of the last 10 days and is down by -4.89% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -177 thousand shares and in total, 1 million shares were bought and sold for approximately $20.59 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.75 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.81% during the next 3 months and, with a 90% probability hold a price between $14.96 and $17.57 at the end of this 3-month period.

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BANC Signals & Forecast

There are few to no technical positive signals at the moment. The Banc of California Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.16 and $14.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.20%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Banc of California Inc stock

Banc of California Inc finds support from accumulated volume at $13.45 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 $0.250 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 2.57%.

Banc of California Inc is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BANC) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Banc of California Inc to open at $13.87, and during the day (based on 14 day Average True Range), to move between $13.37 and $14.25, which gives a possible trading interval of +/-$0.439 (+/-3.18%) 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 6.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.45 (2.61%) than the resistance at $14.23 (3.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Banc of California Inc will release earnings BMO on Thursday, April 18, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.300. We will update the financials statements for Banc of California Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.47% in the first trading day after earnings release.

Is Banc of California Inc stock A Buy?

The Banc of California Inc stock holds several negative signals and despite the positive trend, we believe Banc of California Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.828 Sell Candidate Unchanged

Predicted Opening Price for Banc of California Inc of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$13.87 ( 0.459%) $13.81

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 14.12 2.27 %
R2 14.03 1.58 %
R1 13.97 1.15 %
Current price: 13.81
Support S1 13.78 -0.233 %
S2 13.72 -0.660 %
S3 13.62 -1.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.99 8.54 %
R2 14.57 5.50 %
R1 14.23 3.04 %
Current price 13.81
Support S1 13.45 -2.61%
S2 13.27 -3.91%
S3 12.74 -7.75%

BANC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Apr 01, 2024 $0.100 0.686%
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

What is the symbol for Banc of California Inc Stock and on which exchange is it traded?
The symbol for Banc of California Inc is BANC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Banc of California Inc Stock?
The Banc of California Inc stock holds several negative signals and despite the positive trend, we believe Banc of California Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Banc of California Inc Stock?
Banc of California Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Banc of California Inc Stock.

What's the current price of Banc of California Inc Stock?
As of the end of day on the 2024-04-17, the price of an Banc of California Inc (BANC) share was $13.81.

What is the 52-week high and low for Banc of California Inc Stock?
The 52-week high for Banc of California Inc Stock is $16.08 and the 52-week low is $9.72.

What is the market capitalization of Banc of California Inc Stock?
As of the 2024-04-17, the market capitalization of Banc of California Inc is 2.321B.

When is the next earnings date for Banc of California Inc?
The upcoming earnings date for Banc of California Inc is Apr 18, 2024.
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About Banc of California Inc

Banc of California Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest-bearing and noninterest-bearing demand accounts, as well as certificate of deposits. It also provides various commercial and consumer loan products, such as commercial and ... BANC Profile

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