Banner Corporation Stock Forecast
Red day on Friday for Banner Corporation stock after losing 0.0441%
(Updated on Apr 26, 2024)
The Banner Corporation stock price fell by -0.0441% on the last day (Friday, 26th Apr 2024) from $45.38 to $45.36. During the last trading day the stock fluctuated 1.48% from a day low at $45.21 to a day high of $45.88. The price has risen in 6 of the last 10 days and is up by 3.28% over the past 2 weeks. 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 -26 thousand shares and in total, 107 thousand shares were bought and sold for approximately $4.85 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 Banner Corporation stock with a 90% probability to be traded between $42.84 and $47.83 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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BANR Signals & Forecast
There are mixed signals in the stock today. The Banner 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 $45.60. On a fall, the stock will find some support from the short-term average at $45.26. 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 Wednesday, April 24, 2024, and so far it has fallen -1.71%. 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 Banner Corporation stock
Banner Corporation finds support from accumulated volume at $45.00 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 $0.668 between high and low, or 1.48%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BANR) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Banner Corporation to open at $45.48, and during the day (based on 14 day Average True Range), to move between $44.06 and $46.66, which gives a possible trading interval of +/-$1.30 (+/-2.87%) up or down from last closing price. If Banner Corporation takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.52 (0.35%) than the support at $45.00 (0.79%), 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 Banner Corporation stock A Buy?
Banner 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.
Current score: -1.085 Sell Candidate Unchanged
Predicted Opening Price for Banner Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $45.48 ( 0.271%) | $45.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BANR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.15 | 1.74 % | |
| R2 | 45.90 | 1.18 % | ||
| R1 | 45.74 | 0.83 % | ||
| Current price: | 45.36 | |||
| Support | S1 | 45.23 | -0.292 % | |
| S2 | 45.07 | -0.640 % | ||
| S3 | 44.81 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.00 | 5.82 % | |
| R2 | 46.00 | 1.41 % | ||
| R1 | 45.52 | 0.353 % | ||
| Current price | 45.36 | |||
| Support | S1 | 45.00 | -0.794% | |
| S2 | 44.94 | -0.93% | ||
| S3 | 43.84 | -3.35% |
BANR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 29, 2024 | May 10, 2024 | $0.480 | 1.06% |
| 2 | Jan 18, 2024 | Feb 06, 2024 | Feb 16, 2024 | $0.480 | 1.06% |
| 3 | Nov 02, 2023 | Nov 02, 2023 | Nov 13, 2023 | $0.480 | 1.13% |
| 4 | Aug 06, 2023 | Jul 31, 2023 | Aug 11, 2023 | $0.480 | 1.02% |
| 5 | Jul 31, 2023 | May 01, 2023 | May 12, 2023 | $0.480 | 1.14% |
FAQ
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