BayCom Corp. Stock Forecast
BayCom Corp. stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The BayCom Corp. stock price gained 3.68% on the last trading day (Friday, 3rd May 2024), rising from $19.42 to $20.13. During the last trading day the stock fluctuated 3.29% from a day low at $19.60 to a day high of $20.25. The price has been going up and down for this period, and there has been a 0.55% gain for the last 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 14 thousand shares were bought and sold for approximately $275.38 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BayCom Corp. stock with a 90% probability to be traded between $19.26 and $20.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 $19.91 and $19.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 3.68%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 buy signal from a double bottom formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should go up by 3.73% to $20.88 within 8 trading days since signal was issued (Monday, May 06, 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 $0.645 between high and low, or 3.29%. For the last week the stock has had daily average volatility of 2.63%
Our recommended stop-loss: $19.32 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (BCML) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BayCom Corp. to open at $19.99, and during the day (based on 14 day Average True Range), to move between $19.53 and $20.73, which gives a possible trading interval of +/-$0.599 (+/-2.97%) up or down from last closing price. If BayCom Corp. takes out the full calculated possible swing range there will be an estimated 5.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.15 (0.10%) than the support at $20.02 (0.55%), 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 BayCom Corp. stock A Buy?
BayCom Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.714 Hold/Accumulate Upgraded
Predicted Opening Price for BayCom Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $19.99 ( 0.687%) | $20.13 |
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 | 20.64 | 2.52 % | |
| R2 | 20.39 | 1.29 % | ||
| R1 | 20.24 | 0.537 % | ||
| Current price: | 20.13 | |||
| Support | S1 | 19.75 | -1.91 % | |
| S2 | 19.59 | -2.67 % | ||
| S3 | 19.35 | -3.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.37 | 1.19 % | |
| R2 | 20.30 | 0.84 % | ||
| R1 | 20.15 | 0.0994 % | ||
| Current price | 20.13 | |||
| Support | S1 | 20.02 | -0.546% | |
| S2 | 19.91 | -1.09% | ||
| S3 | 19.41 | -3.58% |
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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