BancFirst Corporation Stock Forecast
BancFirst Corporation stock price up 0.91% on Tuesday
(Updated on Jul 02, 2024)
The BancFirst Corporation stock price gained 0.91% on the last trading day (Tuesday, 2nd Jul 2024), rising from $87.03 to $87.82. During the last trading day the stock fluctuated 1.40% from a day low at $87.08 to a day high of $88.30. The price has risen in 6 of the last 10 days and is up by 4.61% 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, 2 thousand more shares were traded than the day before. In total, 47 thousand shares were bought and sold for approximately $4.09 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BancFirst Corporation stock with a 90% probability to be traded between $80.26 and $89.44 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BANF Signals & Forecast
Mostly positive signals in the chart today. The BancFirst Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $86.34 and $86.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 6.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for BancFirst Corporation stock
BancFirst Corporation finds support from accumulated volume at $87.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.22 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: $84.78 (-3.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (BANF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect BancFirst Corporation to open at $87.73, and during the day (based on 14 day Average True Range), to move between $86.16 and $89.48, which gives a possible trading interval of +/-$1.66 (+/-1.89%) up or down from last closing price. If BancFirst Corporation takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $87.70 (0.14%) than the resistance at $89.28 (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BancFirst Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for BancFirst Corporation stock to perform well in the short-term period.
Current score: 1.671 Buy Candidate Unchanged
Predicted Opening Price for BancFirst Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $87.73 ( 0.0987%) | $87.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BANF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 88.95 | 1.29% |
| R2 | 88.49 | 0.760% |
| R1 | 88.20 | 0.432% |
| Price | 87.82 | |
| S1 | 87.27 | -0.629% |
| S2 | 86.98 | -0.96% |
| S3 | 86.51 | -1.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 91.28 | 3.94% |
| R2 | 91.25 | 3.91% |
| R1 | 89.28 | 1.66% |
| Price | 87.82 | |
| S1 | 87.70 | -0.137% |
| S2 | 83.78 | -4.60% |
| S3 | 82.78 | -5.74% |
BANF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.430 | 0.490% |
| 2 | Feb 22, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.430 | 0.519% |
| 3 | Nov 16, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.430 | 0.487% |
| 4 | Aug 24, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.430 | 0.513% |
| 5 | May 25, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.400 | 0.402% |
FAQ
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