Bancorp 34 Inc Stock Forecast
Stronger technical forecast for Bancorp 34 Inc stock price after Tuesday trading.
(Updated on May 14, 2024)
The Bancorp 34 Inc stock price gained 1.64% on the last trading day (Tuesday, 14th May 2024), rising from $8.86 to $9.00. During the last trading day the stock fluctuated 4.05% from a day low at $8.65 to a day high of $9.00. The price has been going up and down for this period, and there has been a -0.11% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $115.99 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $8.86 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Bancorp 34 Inc stock with a 90% probability to be traded between $9.00 and $9.94 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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BCTF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.64%. Further rise is indicated until a new top pivot has been found. Bancorp 34 Inc 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bancorp 34 Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.03. On a fall, the stock will find some support from the short-term average at $8.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, March 19, 2024 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 Tuesday, March 19, 2024 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.
Support, Risk & Stop-loss for Bancorp 34 Inc stock
Bancorp 34 Inc finds support from accumulated volume at $8.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.350 (4.05%) between high and low. For the last week, the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: $8.51 (-5.48%) (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 (BCTF) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Bancorp 34 Inc to open at $8.88, and during the day (based on 14 day Average True Range), to move between $8.85 and $9.15, which gives a possible trading interval of +/-$0.145 (+/-1.61%) up or down from last closing price. If Bancorp 34 Inc takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.95 (0.56%) than the resistance at $9.06 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bancorp 34 Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bancorp 34 Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.392 Buy Candidate Upgraded
Predicted Opening Price for Bancorp 34 Inc of Wednesday, May 15, 2024
Fair opening price May 15, 2024 | Current price |
---|---|
$8.88 ( 1.30%) | $9.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCTF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.23 | 2.59 % | |
R2 | 9.10 | 1.11 % | ||
R1 | 9.02 | 0.189 % | ||
Current price: | 9.00 | |||
Support | S1 | 8.75 | -2.78 % | |
S2 | 8.67 | -3.70 % | ||
S3 | 8.53 | -5.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.73 | 8.07 % | |
R2 | 9.50 | 5.56 % | ||
R1 | 9.06 | 0.667 % | ||
Current price | 9.00 | |||
Support | S1 | 8.95 | -0.556% | |
S2 | 8.91 | -1.00% | ||
S3 | 8.86 | -1.61% |
BCTF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 27, 2023 | May 11, 2023 | May 26, 2023 | $0.0700 | 0.746% |
2 | Feb 08, 2023 | Feb 09, 2023 | Feb 24, 2023 | $0.0700 | 0.532% |
3 | Nov 03, 2022 | Nov 09, 2022 | Nov 25, 2022 | $0.0700 | 0.514% |
4 | Aug 06, 2022 | Aug 11, 2022 | Aug 26, 2022 | $0.0700 | 0.479% |
5 | May 07, 2022 | May 12, 2022 | May 27, 2022 | $0.0700 | 0.471% |
FAQ
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