1895 Bancorp of Wisconsin Inc. Stock Forecast
Stronger technical forecast for 1895 Bancorp of Wisconsin Inc. stock price after Friday trading.
(Updated on May 03, 2024)
The 1895 Bancorp of Wisconsin Inc. stock price gained 0.564% on the last trading day (Friday, 3rd May 2024), rising from $7.07 to $7.11. During the last trading day the stock fluctuated 0.281% from a day low at $7.11 to a day high of $7.13. The price has been going up and down for this period, and there has been a 1.57% gain for the last 2 weeks. Volume fell on the last day by -120 shares and in total, 2 thousand shares were bought and sold for approximately $15.52 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 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 $7.21 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 -9.81% during the next 3 months and, with a 90% probability hold a price between $5.82 and $6.50 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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BCOW Signals & Forecast
The 1895 Bancorp of Wisconsin Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.11. On a fall, the stock will find some support from the long-term average at approximately $6.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 5.65%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for 1895 Bancorp of Wisconsin Inc. stock
1895 Bancorp of Wisconsin Inc. finds support from accumulated volume at $6.86 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 $0.0200 between high and low, or 0.281%. For the last week the stock has had daily average volatility of 0.676%
Our recommended stop-loss: $6.75 (-5.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (BCOW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect 1895 Bancorp of Wisconsin Inc. to open at $7.12, and during the day (based on 14 day Average True Range), to move between $7.04 and $7.18, which gives a possible trading interval of +/-$0.0694 (+/-0.98%) up or down from last closing price. If 1895 Bancorp of Wisconsin Inc. takes out the full calculated possible swing range there will be an estimated 1.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.24 (1.83%) than the support at $6.86 (3.52%), 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.
Earnings coming up
1895 Bancorp of Wisconsin Inc. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for 1895 Bancorp of Wisconsin Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.75% in the first trading day after earnings release.
Is 1895 Bancorp of Wisconsin Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.380 Buy Candidate Upgraded
Predicted Opening Price for 1895 Bancorp of Wisconsin Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $7.12 ( 0.0938%) | $7.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCOW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.14 | 0.375 % | |
| R2 | 7.13 | 0.268 % | ||
| R1 | 7.12 | 0.201 % | ||
| Current price: | 7.11 | |||
| Support | S1 | 7.11 | -0.0137 % | |
| S2 | 7.10 | -0.0801 % | ||
| S3 | 7.10 | -0.188 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.61 | 7.03 % | |
| R2 | 7.50 | 5.49 % | ||
| R1 | 7.24 | 1.83 % | ||
| Current price | 7.11 | |||
| Support | S1 | 6.86 | -3.52% | |
| S2 | 6.80 | -4.36% | ||
| S3 | 6.76 | -4.92% |
FAQ
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