BCB Bancorp Stock Forecast
Green day on Tuesday for BCB Bancorp stock after gaining 1.84%
(Updated on Jul 02, 2024)
The BCB Bancorp stock price gained 1.84% on the last trading day (Tuesday, 2nd Jul 2024), rising from $10.32 to $10.51. During the last trading day the stock fluctuated 2.52% from a day low at $10.33 to a day high of $10.59. The price has risen in 6 of the last 10 days and is up by 4.68% over the past 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 26 thousand shares were bought and sold for approximately $275.09 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.09% during the next 3 months and, with a 90% probability hold a price between $9.88 and $11.37 at the end of this 3-month period.
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BCBP Signals & Forecast
The BCB Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.25 and $10.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -1.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for BCB Bancorp stock
BCB Bancorp finds support from accumulated volume at $10.24 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.260 between high and low, or 2.52%. For the last week the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: $10.14 (-3.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (BCBP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect BCB Bancorp to open at $10.48, and during the day (based on 14 day Average True Range), to move between $10.18 and $10.84, which gives a possible trading interval of +/-$0.331 (+/-3.15%) up or down from last closing price. If BCB Bancorp takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.55 (0.38%) than the support at $10.24 (2.57%), 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 BCB Bancorp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BCB Bancorp stock to perform well in the short-term.
Current score: 1.543 Buy Candidate Unchanged
Predicted Opening Price for BCB Bancorp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $10.48 ( 0.317%) | $10.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCBP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.74 | 2.16% |
| R2 | 10.64 | 1.21% |
| R1 | 10.58 | 0.628% |
| Price | 10.51 | |
| S1 | 10.38 | -1.26% |
| S2 | 10.32 | -1.85% |
| S3 | 10.22 | -2.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.86 | 3.33% |
| R2 | 10.63 | 1.14% |
| R1 | 10.55 | 0.381% |
| Price | 10.51 | |
| S1 | 10.24 | -2.57% |
| S2 | 9.97 | -5.14% |
| S3 | 9.60 | -8.66% |
BCBP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 17, 2024 | $0.160 | 1.48% |
| 2 | Jan 18, 2024 | Feb 02, 2024 | Feb 16, 2024 | $0.160 | 1.39% |
| 3 | Oct 19, 2023 | Nov 02, 2023 | Nov 17, 2023 | $0.160 | 1.37% |
| 4 | Jul 19, 2023 | Aug 03, 2023 | Aug 18, 2023 | $0.160 | 1.39% |
| 5 | Apr 12, 2023 | May 04, 2023 | Aug 18, 2023 | $0.160 | 1.39% |
FAQ
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