BancFirst Corporation Stock Forecast
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:
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
High volatility in BancFirst Corporation stock price on Friday which ended trading at $89.28
(Updated on Apr 19, 2024)
The BancFirst Corporation stock price gained 8.86% on the last trading day (Friday, 19th Apr 2024), rising from $82.01 to $89.28. During the last trading day the stock fluctuated 10.09% from a day low at $81.50 to a day high of $89.72. The price has risen in 5 of the last 10 days and is up by 5.26% 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, 84 thousand more shares were traded than the day before. In total, 140 thousand shares were bought and sold for approximately $12.49 million.
Given the current short-term trend, the stock is expected to fall -7.95% during the next 3 months and, with a 90% probability hold a price between $74.58 and $82.18 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BANF Signals & Forecast
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 $83.31 and $85.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.86%. 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 $88.33 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 $8.22 (10.09%) between high and low. For the last week, the stock has had daily average volatility of 3.19%.
Our recommended stop-loss: $85.91 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BANF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect BancFirst Corporation to open at $86.83, and during the day (based on 14 day Average True Range), to move between $87.03 and $91.53, which gives a possible trading interval of +/-$2.25 (+/-2.52%) up or down from last closing price. If BancFirst Corporation takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $88.33 (1.06%) than the resistance at $90.49 (1.36%), 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?
BancFirst Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BancFirst Corporation of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$86.83 ( 2.74%) | $89.28 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 95.05 | 6.47 % | |
R2 | 91.91 | 2.95 % | ||
R1 | 89.97 | 0.777 % | ||
Current price: | 89.28 | |||
Support | S1 | 83.69 | -6.26 % | |
S2 | 81.75 | -8.43 % | ||
S3 | 78.61 | -11.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 94.50 | 5.85 % | |
R2 | 90.52 | 1.39 % | ||
R1 | 90.49 | 1.36 % | ||
Current price | 89.28 | |||
Support | S1 | 88.33 | -1.06% | |
S2 | 85.44 | -4.30% | ||
S3 | 82.78 | -7.28% |
BANF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.430 | 0.519% |
2 | Nov 16, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.430 | 0.487% |
3 | Aug 24, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.430 | 0.513% |
4 | May 25, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.400 | 0.402% |
5 | Feb 23, 2023 | Mar 30, 2023 | Jul 17, 2023 | $0.400 | 0.402% |
FAQ
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