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Bank of Marin Bancorp Stock Forecast NASDAQ:BMRC

$35.68 (-0.36%)

Volume: 14k

Closed: Dec 08, 2021

Hollow Logo Score: 0.409

Bank of Marin Bancorp Stock Forecast

$35.68 (-0.36%)

Volume: 14k

Closed: Dec 08, 2021

Score Hollow Logo 0.409
Which way will BMRC go? Request
Stop-loss: $33.75 (-5.41%)
Key Stats
P/E Ratio 18.13
Beta 0.76
Trailing Dividend Rate 2.6% ($0.93)
* 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 38 and the stock is currently not being overbought or oversold

Red day on Wednesday for Bank of Marin Bancorp
(Updated on Dec 08, 2021)


Buy or Hold candidate since 2021-12-06 Loss -3.18%

The Bank of Marin Bancorp stock price fell by -0.36% on the last day (Wednesday, 8th Dec 2021) from $35.81 to $35.68. and has now fallen 3 days in a row. During the day the stock fluctuated 0.90% from a day low at $35.36 to a day high of $35.68. The price has fallen in 6 of the last 10 days and is down by -4.83% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 14 thousand shares were bought and sold for approximately $488.82 thousand.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bank of Marin Bancorp stock with a 90% probability to be traded between $34.86 and $39.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, November 29, 2021, and so far it has risen 3.18%. Further rise is indicated until a new top pivot has been found. 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 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 $37.49. On a fall, the stock will find some support from the short-term average at $35.60. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Bank of Marin Bancorp finds support from accumulated volume at $35.57 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.32 between high and low, or 0.90%. For the last week the stock has had a daily average volatility of 3.04%.

Our recommended stop-loss: $33.75 (-5.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Is Bank of Marin Bancorp stock A Buy?

Bank of Marin Bancorp 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: 0.409

Predicted Opening Price for Bank of Marin Bancorp of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$35.57 $35.68 (Overvalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Jul 20, 2021 "Keefe, Bruyette & Woods" gave "$43.00" rating for BMRC. The price target was changed from $31.75 to 0.5%.

Volatility and Risk
Daily Average Volatility: 3.04 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.04 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $35.72
Price: $35.68
Support: $35.57

BMRC Insider Trading Show all Trades

INSIDER POWER

1.722

Last 100 transactions
Buy: 85 719 | Sell: 49 769 (Shares)
Date Action Amount Person Type
Oct 29, 2021 Buy 2 730 Girton Tani Stock Options (Right to Buy)
Oct 29, 2021 Buy 1 737 Sloan Nicolette Stock Options (Right to Buy)
Oct 29, 2021 Sell 46 Lewis Richard L Common Stock
Oct 29, 2021 Buy 138 Lewis Richard L Common Stock
Oct 29, 2021 Sell 48 Stewart Misako Common Stock
Show all Insider Trades
INSIDER POWER

1.722

Last 100 transactions
Buy: 85 719 | Sell: 49 769 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 35.89 0.60 %
35.77 0.26 %
35.70 0.0436 %
Current price: 35.68
Support 35.45 -0.64 %
35.38 -0.85 %
35.25 -1.20 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 38.52 7.96 %
37.97 6.42 %
35.72 0.11 %
Current price 35.68
Support 35.57 -0.31%
35.24 -1.23%
35.14 -1.51%

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About Bank of Marin Bancorp

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, and individuals in California. It offers personal and business checking and savings accounts; time deposits, including time certificates of deposit, individual retirement accounts, health savings accounts, and Certificate of Deposit Account Registry Service; and Insured... Read more

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