BancFirst Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Dec 03, 2021)

The BancFirst Corporation stock price fell by -0.53% on the last day (Friday, 3rd Dec 2021) from $65.99 to $65.64. During the day the stock fluctuated 4.59% from a day low at $65.18 to a day high of $68.17. The price has fallen in 6 of the last 10 days and is down by -1.72% 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 -12 thousand shares and in total, 62 thousand shares were bought and sold for approximately $4.08 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $64.26 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 21.91% during the next 3 months and, with a 90% probability hold a price between $78.34 and $87.86 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The BancFirst Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $65.88. On a fall, the stock will find some support from the short-term average at $65.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -3.61%. 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

On the downside, the stock finds support just below today's level from accumulated volume at $56.64 and $55.24. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BancFirst Corporation finds support just below today's level at $56.64. If this is broken, then the next support from accumulated volume will be at $55.24 and $55.10.

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 $2.99 (4.59%) between high and low. For the last week, the stock has had a daily average volatility of 3.48%.

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

Is BancFirst Corporation stock A Buy?

BancFirst Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.870

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