BCB Bancorp Stock Forecast
Green day on Friday for BCB Bancorp stock after gaining 1.01%
(Updated on May 26, 2023)
The BCB Bancorp stock price gained 1.01% on the last trading day (Friday, 26th May 2023), rising from $10.89 to $11.00. During the last trading day the stock fluctuated 2.42% from a day low at $10.76 to a day high of $11.02. The price has risen in 6 of the last 10 days and is up by 9.13% 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, 10 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $427.44 thousand.
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The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.17 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -36.49% during the next 3 months and, with a 90% probability hold a price between $5.75 and $7.09 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.
BCBP Signals & Forecast
There are mixed signals in the stock today. The BCB Bancorp 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 $11.01 and $11.03. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, May 12, 2023, and so far it has risen 9.13%. 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). BCB Bancorp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for BCB Bancorp stock
BCB Bancorp finds support from accumulated volume at $10.74 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 $0.260 between high and low, or 2.42%. For the last week, the stock has had daily average volatility of 3.71%.
Our recommended stop-loss: $10.55 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (BCBP) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect BCB Bancorp to open at $10.93, and during the day (based on 14 day Average True Range), to move between $10.52 and $11.48, which gives a possible trading interval of +/-$0.478 (+/-4.34%) up or down from last closing price. If BCB Bancorp takes out the full calculated possible swing range there will be an estimated 8.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.01 (0.09%) than the support at $10.74 (2.36%), 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?
BCB Bancorp 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.
Current score: -0.881 Open Broker Account
Hold/Accumulate UnchangedPredicted Opening Price for BCB Bancorp of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $10.93 | $11.00 (Overvalued) |
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Trading levels for BCBP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.19 | 1.70 % | |
| R2 | 11.09 | 0.794 % | ||
| R1 | 11.03 | 0.236 % | ||
| Current price: | 11.00 | |||
| Support | S1 | 10.83 | -1.57 % | |
| S2 | 10.77 | -2.13 % | ||
| S3 | 10.67 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.43 | 22.09 % | |
| R2 | 11.52 | 4.73 % | ||
| R1 | 11.01 | 0.0909 % | ||
| Current price | 11.00 | |||
| Support | S1 | 10.74 | -2.36% | |
| S2 | 10.46 | -4.91% | ||
| S3 | 10.40 | -5.45% |
FAQ
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About BCB Bancorp
BCB Bancorp, Inc. operates as a bank holding company for BCB Community Bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts. It also provides loans, such as commercial and multi-family real esta... BCBP Profile
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