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Bank of South Carolina Corp. Stock Forecast NASDAQ:BKSC

$20.30 (-1.22%)

Volume: 986

Closed: Nov 26, 2021

Hollow Logo Score: -0.705

Bank of South Carolina Corp. Stock Forecast

$20.30 (-1.22%)

Volume: 986

Closed: Nov 26, 2021

Score Hollow Logo -0.705
Which way will BKSC go? Request
Stop-loss: $19.63 (-3.32%)
Key Stats
Trailing Dividend Rate 3.31% ($0.67)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 43 and the stock is currently not being overbought or oversold

Bank of South Carolina Corp. stock price ended on $20.30 on Friday after losing 1.22%
(Updated on Nov 26, 2021)


Hold candidate since 2021-11-24 Loss -1.22%

The Bank of South Carolina Corp. stock price fell by -1.22% on the last day (Friday, 26th Nov 2021) from $20.55 to $20.30. During the day the stock fluctuated 0.40% from a day low at $20.23 to a day high of $20.31. The price has fallen in 4 of the last 10 days and is down by -0.86% for this period. Volume has increased on the last day by 165 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 986 shares were bought and sold for approximately $20.02 thousand.

The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.33% during the next 3 months and, with a 90% probability hold a price between $19.17 and $20.02 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.

Signals & Forecast

The Bank of South Carolina Corp. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.26 and $20.25. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -1.47%. Further fall is indicated until a new bottom pivot has been found. Bank of South Carolina Corp. 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. The stock had a Golden Star Signal on Tuesday, February 02, 2021 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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, February 02, 2021 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

Bank of South Carolina Corp. finds support from accumulated volume at $20.15 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 $0.0801 between high and low, or 0.40%. For the last week the stock has had a daily average volatility of 1.04%.

Our recommended stop-loss: $19.63 (-3.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Is Bank of South Carolina Corp. stock A Buy?

Bank of South Carolina 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.

Current score: -0.705

Predicted Opening Price for Bank of South Carolina Corp. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$20.28 $20.30 (Overvalued)
Hold/Accumulate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.04 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.04 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $20.40
Price: $20.30
Support: $20.15

BKSC Insider Trading Show all Trades

INSIDER POWER

1.108

Last 100 transactions
Buy: 148 827 | Sell: 134 357 (Shares)
Date Action Amount Person Type
Nov 08, 2021 Buy 2 937 Sharry Sheryl G Common Stock
Nov 08, 2021 Buy 2 937 Sass Douglas H Common Stock
Nov 08, 2021 Buy 1 Boyd Susanne King Common Stock
Nov 08, 2021 Buy 27 Boyd Susanne King Common Stock
Nov 08, 2021 Buy 2 937 Hassell Fleetwood S Common Stock
Show all Insider Trades
INSIDER POWER

1.108

Last 100 transactions
Buy: 148 827 | Sell: 134 357 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 20.36 0.29 %
20.33 0.14 %
20.31 0.0471 %
Current price: 20.30
Support 20.25 -0.25 %
20.23 -0.35 %
20.20 -0.50 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 20.61 1.53 %
20.48 0.89 %
20.40 0.48 %
Current price 20.30
Support 20.15 -0.74%
20.13 -0.84%
20.10 -0.99%

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About Bank of South Carolina Corp.

Bank of South Carolina Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking services to individuals, professionals, and small and middle market businesses in South Carolina. The company offers a range of deposit products, including non-interest bearing accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit. It also provides comme... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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