BayCom Corp. Stock Forecast
BayCom Corp. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)
The BayCom Corp. stock price gained 3.30% on the last trading day (Tuesday, 23rd Apr 2024), rising from $19.41 to $20.05. During the last trading day the stock fluctuated 5.27% from a day low at $19.35 to a day high of $20.37. The price has been going up and down for this period, and there has been a -0.99% loss for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 27 thousand shares were bought and sold for approximately $543.86 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.28% during the next 3 months and, with a 90% probability hold a price between $18.14 and $19.75 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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BCML Signals & Forecast
The BayCom Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $19.87 and $20.01. A breakdown below any of these levels will issue sell signals. 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 Thursday, March 28, 2024, and so far it has fallen -2.72%. 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 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. The stock had a Golden Star Signal on Friday, July 14, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, July 14, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -4.13% to $19.22 within 29 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for BayCom Corp. stock
BayCom Corp. finds support from accumulated volume at $20.02 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 therefore the general risk is considered very 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 $1.02 between high and low, or 5.27%. For the last week the stock has had daily average volatility of 3.30%
Our recommended stop-loss: $19.31 (-3.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (BCML) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect BayCom Corp. to open at $19.92, and during the day (based on 14 day Average True Range), to move between $19.43 and $20.67, which gives a possible trading interval of +/-$0.619 (+/-3.09%) up or down from last closing price. If BayCom Corp. takes out the full calculated possible swing range there will be an estimated 6.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.02 (0.15%) than the resistance at $20.30 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BayCom Corp. stock A Buy?
BayCom Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.921 Hold/Accumulate Upgraded
Predicted Opening Price for BayCom Corp. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $19.92 ( 0.632%) | $20.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCML
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.94 | 4.46 % | |
| R2 | 20.55 | 2.51 % | ||
| R1 | 20.31 | 1.31 % | ||
| Current price: | 20.05 | |||
| Support | S1 | 19.53 | -2.58 % | |
| S2 | 19.29 | -3.78 % | ||
| S3 | 18.90 | -5.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.37 | 1.60 % | |
| R2 | 20.31 | 1.30 % | ||
| R1 | 20.30 | 1.25 % | ||
| Current price | 20.05 | |||
| Support | S1 | 20.02 | -0.150% | |
| S2 | 19.91 | -0.698% | ||
| S3 | 19.41 | -3.19% |
BCML Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 14, 2024 | Apr 12, 2024 | $0.100 | 0.502% |
| 2 | Feb 22, 2024 | Mar 07, 2024 | Apr 12, 2024 | $0.100 | 0.502% |
| 3 | Nov 21, 2023 | Dec 13, 2023 | Jan 12, 2024 | $0.100 | 0.457% |
| 4 | Aug 18, 2023 | Sep 14, 2023 | Oct 13, 2023 | $0.100 | 0.507% |
| 5 | May 16, 2023 | Jun 15, 2023 | Jul 14, 2023 | $0.100 | 0.585% |
FAQ
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