Bank of Marin Bancorp Stock Forecast
Bank of Marin Bancorp stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The Bank of Marin Bancorp stock price fell by -2.71% on the last day (Thursday, 25th Apr 2024) from $15.86 to $15.43. During the last trading day the stock fluctuated 2.41% from a day low at $15.33 to a day high of $15.70. The price has risen in 6 of the last 10 days and is up by 3.91% over the past 2 weeks. Volume has increased on the last day by 25 thousand 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, 90 thousand shares were bought and sold for approximately $1.38 million.
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 -18.54% during the next 3 months and, with a 90% probability hold a price between $11.58 and $13.96 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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BMRC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 3.91%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bank of Marin Bancorp 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 $15.46 and $15.97. A break-up above any of these levels will issue buy signals. Bank of Marin Bancorp 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".
Support, Risk & Stop-loss for Bank of Marin Bancorp stock
Bank of Marin Bancorp finds support from accumulated volume at $15.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.370 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMRC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Bank of Marin Bancorp to open at $15.49, and during the day (based on 14 day Average True Range), to move between $14.98 and $15.88, which gives a possible trading interval of +/-$0.448 (+/-2.90%) up or down from last closing price. If Bank of Marin Bancorp takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.01 (2.72%) than the resistance at $16.61 (7.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bank of Marin Bancorp will release earnings BMO on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.280. We will update the financials statements for Bank of Marin Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.38% in the first trading day after earnings release.
Is Bank of Marin Bancorp stock A Buy?
Bank of Marin Bancorp holds several negative signals and is within a wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.025 Sell Candidate Downgraded
Predicted Opening Price for Bank of Marin Bancorp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $15.49 ( 0.367%) | $15.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMRC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.86 | 2.77 % | |
| R2 | 15.72 | 1.85 % | ||
| R1 | 15.63 | 1.28 % | ||
| Current price: | 15.43 | |||
| Support | S1 | 15.35 | -0.549 % | |
| S2 | 15.26 | -1.11 % | ||
| S3 | 15.12 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.04 | 10.43 % | |
| R2 | 16.86 | 9.27 % | ||
| R1 | 16.61 | 7.65 % | ||
| Current price | 15.43 | |||
| Support | S1 | 15.01 | -2.72% | |
| S2 | 15.00 | -2.79% | ||
| S3 | 14.85 | -3.76% |
BMRC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 29, 2024 | Feb 07, 2024 | Feb 15, 2024 | $0.250 | 1.40% |
| 2 | Oct 20, 2023 | Nov 02, 2023 | Nov 10, 2023 | $0.250 | 1.38% |
| 3 | Jul 21, 2023 | Aug 03, 2023 | Aug 11, 2023 | $0.250 | 1.16% |
| 4 | Apr 21, 2023 | May 04, 2023 | May 12, 2023 | $0.250 | 1.69% |
| 5 | Jan 20, 2023 | Feb 02, 2023 | Feb 10, 2023 | $0.250 | 0.82% |
FAQ
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