Bank of Southern California, National Stock Forecast
Bank of Southern California, National stock price down 0% on Wednesday
(Updated on Jun 26, 2024)
No changes to the price of Bank of Southern California, National stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 6.26% from a day low at $12.30 to a day high of $13.07. The price has fallen in 5 of the last 10 days and is down by -1.38% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.84 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.74% during the next 3 months and, with a 90% probability hold a price between $11.59 and $12.33 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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BCAL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bank of Southern California, National 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 $13.18 and $13.66. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bank of Southern California, National stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.770 between high and low, or 6.26%. For the last week, the stock has had daily average volatility of 4.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BCAL) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Bank of Southern California, National Association to open at $12.74, and during the day (based on 14 day Average True Range), to move between $12.43 and $13.29, which gives a possible trading interval of +/-$0.430 (+/-3.35%) up or down from last closing price. If Bank of Southern California, National Association takes out the full calculated possible swing range there will be an estimated 6.69% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $12.94, some $0.0800 (0.62%) from the current price of $12.86, our system finds the risk reward not very attractive.
Is Bank of Southern California, National Association stock A Buy?
Bank of Southern California, National holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.286 Sell Candidate Unchanged
Predicted Opening Price for Bank of Southern California, National Association of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $12.74 ( 0.91%) | $12.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCAL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.51 | 5.08% |
| R2 | 13.22 | 2.79% |
| R1 | 13.04 | 1.38% |
| Price | 12.86 | |
| S1 | 12.45 | -3.19% |
| S2 | 12.27 | -4.61% |
| S3 | 11.97 | -6.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.00 | 8.86% |
| R2 | 13.35 | 3.81% |
| R1 | 12.94 | 0.622% |
| Price | 12.86 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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