Weaker technical forecast for BCB Bancorp as stock downgraded to Sell Candidate.
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-26 PDF
The BCB Bancorp stock price fell by -2.23% on the last day (Friday, 26th Nov 2021) from $15.27 to $14.93. and has now fallen 3 days in a row. During the day the stock fluctuated 6.39% from a day low at $14.25 to a day high of $15.16. The price has been going up and down for this period, and there has been a -0.67% loss for the last 2 weeks. Volume has increased on the last day by 48 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 59 thousand shares were bought and sold for approximately $879.00 thousand.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.46% during the next 3 months and, with a 90% probability hold a price between $15.53 and $16.24 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The BCB Bancorp stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $15.24 and $15.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 15, 2021, and so far it has fallen -3.43%. 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). BCB Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss
BCB Bancorp finds support from accumulated volume at $14.87 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 $0.91 between high and low, or 6.39%. For the last week the stock has had a daily average volatility of 2.27%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is BCB Bancorp stock A Buy?
The BCB Bancorp stock holds several negative signals and despite the positive trend, we believe BCB Bancorp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.361
Predicted Opening Price for BCB Bancorp of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
Remember To Visit Our YouTube Channel
Piper Sandler does not see either upside or downside right now giving BCBP "Neutral" on their last update on Sep 28, 2020. The price target was changed from $9.00 to $8.50.
BCBP Insider Trading
|Nov 26, 2021||Buy||1 000||Coughlin Thomas Michael||Common Stock|
|Nov 26, 2021||Buy||500||Rizzo James G.||Common Stock|
|Nov 26, 2021||Buy||700||Keating Thomas||Common Stock|
|Nov 10, 2021||Buy||500||Rizzo James G.||Common Stock|
|Nov 01, 2021||Buy||1 000||Hogan Mark D||Common Stock|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.