BankFinancial Corporation Stock Forecast

Red day on Thursday for BankFinancial Corporation stock after losing 1.08%
(Updated on Apr 25, 2024)

BFIN Signals & Forecast

There are few to no technical positive signals at the moment. The BankFinancial Corporation 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 $10.05 and $10.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -4.47%. 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). BankFinancial Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for BankFinancial Corporation stock

BankFinancial Corporation finds support from accumulated volume at $10.02 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.160 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 1.40%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BFIN) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect BankFinancial Corporation to open at $10.10, and during the day (based on 14 day Average True Range), to move between $9.87 and $10.23, which gives a possible trading interval of +/-$0.180 (+/-1.79%) up or down from last closing price. If BankFinancial Corporation takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.08 (0.30%) than the support at $10.02 (0.30%), 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 BankFinancial Corporation stock A Buy?

BankFinancial Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.362 Sell Candidate Unchanged

Predicted Opening Price for BankFinancial Corporation of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.