Bank of South Carolina Corp. Stock Forecast
Green day on Friday for Bank of South Carolina Corp. stock after gaining 1.30%
(Updated on Apr 19, 2024)
The Bank of South Carolina Corp. stock price gained 1.30% on the last trading day (Friday, 19th Apr 2024), rising from $12.01 to $12.17. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at $12.17 to a day high of $12.17. The price has risen in 6 of the last 10 days but is still down by -4.55% for this period. Volume fell on the last day by -862 shares and in total, 740 shares were bought and sold for approximately $9.01 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 middle of a wide 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 -5.70% during the next 3 months and, with a 90% probability hold a price between $10.64 and $11.91 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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BKSC Signals & Forecast
There are mixed signals in the stock today. The Bank of South Carolina Corp. 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 $12.29. On a fall, the stock will find some support from the short-term average at $12.06. 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). 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. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 2.70%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Bank of South Carolina Corp. stock
Bank of South Carolina Corp. finds support from accumulated volume at $12.13 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 controlled movements and therefore the general risk is considered 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BKSC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Bank of South Carolina Corp. to open at $12.17, and during the day (based on 14 day Average True Range), to move between $11.93 and $12.41, which gives a possible trading interval of +/-$0.243 (+/-2.00%) up or down from last closing price. If Bank of South Carolina Corp. takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.13 (0.33%) than the resistance at $12.50 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bank of South Carolina Corp. stock A Buy?
Bank of South Carolina Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.072 Sell Candidate Unchanged
Predicted Opening Price for Bank of South Carolina Corp. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $12.17 ( 0%) | $12.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.17 | . | |
| R2 | 12.17 | . | ||
| R1 | 12.17 | . | ||
| Current price: | 12.17 | |||
| Support | S1 | 12.17 | . | |
| S2 | 12.17 | . | ||
| S3 | 12.17 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.80 | 5.18 % | |
| R2 | 12.79 | 5.09 % | ||
| R1 | 12.50 | 2.71 % | ||
| Current price | 12.17 | |||
| Support | S1 | 12.13 | -0.329% | |
| S2 | 11.93 | -1.97% | ||
| S3 | 11.85 | -2.63% |
BKSC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 08, 2024 | Apr 30, 2024 | $0.170 | 1.40% |
| 2 | Jan 02, 2024 | Jan 02, 2024 | Jan 31, 2024 | $0.170 | 1.33% |
| 3 | Sep 29, 2023 | Oct 06, 2023 | Oct 31, 2023 | $0.170 | 1.49% |
| 4 | Jun 22, 2023 | Jun 30, 2023 | Jul 31, 2023 | $0.170 | 1.20% |
| 5 | Jun 28, 2023 | Apr 03, 2023 | Apr 28, 2023 | $0.170 | 1.18% |
FAQ
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