Bar Harbor Bankshares Stock Forecast
Bar Harbor Bankshares stock price ended at $24.90 on Tuesday, after gaining 0.282%.
(Updated on Jun 25, 2024)
The Bar Harbor Bankshares stock price gained 0.282% on the last trading day (Tuesday, 25th Jun 2024), rising from $24.83 to $24.90. During the last trading day the stock fluctuated 1.11% from a day low at $24.67 to a day high of $24.94. The price has been going up and down for this period, and there has been a -1.81% loss for the last 2 weeks. Volume fell on the last day by -49 thousand shares and in total, 27 thousand shares were bought and sold for approximately $667.35 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.43% during the next 3 months and, with a 90% probability hold a price between $25.16 and $28.51 at the end of this 3-month period.
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BHB Signals & Forecast
The Bar Harbor Bankshares 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 $25.25 and $25.89. A break-up above any of these levels will issue buy signals. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.47%. 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).
Support, Risk & Stop-loss for Bar Harbor Bankshares stock
Bar Harbor Bankshares finds support from accumulated volume at $24.83 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 $0.274 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 2.36%
Our recommended stop-loss: $23.55 (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (BHB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bar Harbor Bankshares to open at $24.84, and during the day (based on 14 day Average True Range), to move between $24.24 and $25.56, which gives a possible trading interval of +/-$0.658 (+/-2.64%) up or down from last closing price. If Bar Harbor Bankshares takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.83 (0.28%) than the resistance at $25.48 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bar Harbor Bankshares stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.805 Buy Candidate Unchanged
Predicted Opening Price for Bar Harbor Bankshares of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $24.84 ( 0.260%) | $24.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.11 | 0.84% |
| R2 | 25.00 | 0.420% |
| R1 | 24.94 | 0.161% |
| Price | 24.90 | |
| S1 | 24.73 | -0.680% |
| S2 | 24.67 | -0.94% |
| S3 | 24.56 | -1.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.63 | 6.95% |
| R2 | 25.67 | 3.09% |
| R1 | 25.48 | 2.33% |
| Price | 24.90 | |
| S1 | 24.83 | -0.281% |
| S2 | 24.62 | -1.12% |
| S3 | 24.54 | -1.45% |
BHB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | May 15, 2024 | Jun 14, 2024 | $0.300 | 1.19% |
| 2 | Jan 16, 2024 | Feb 14, 2024 | Mar 15, 2024 | $0.280 | 1.13% |
| 3 | Oct 17, 2023 | Nov 15, 2023 | Dec 15, 2023 | $0.280 | 0.94% |
| 4 | Jul 20, 2023 | Aug 15, 2023 | Sep 15, 2023 | $0.280 | 1.12% |
| 5 | Apr 20, 2023 | May 15, 2023 | Sep 15, 2023 | $0.280 | 1.12% |
FAQ
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