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Bryn Mawr Bank Corporation Stock Forecast NASDAQ:BMTC

$44.59 (-0.42%)

Volume: 51k

Closed: Dec 08, 2021

Hollow Logo Score: -4.314

Bryn Mawr Bank Corporation Stock Forecast

$44.59 (-0.42%)

Volume: 51k

Closed: Dec 08, 2021

Score Hollow Logo -4.314
Which way will BMTC go? Request
Key Stats
P/E Ratio 12.32
Beta 1.08
Trailing Dividend Rate 2.43% ($1.09)
* 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 31 and the stock is currently not being overbought or oversold

Bryn Mawr Bank Corporation stock price ended on $44.59 on Wednesday after losing 0.42%
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-29 Loss -1.37%

The Bryn Mawr Bank Corporation stock price fell by -0.42% on the last day (Wednesday, 8th Dec 2021) from $44.78 to $44.59. and has now fallen 3 days in a row. During the day the stock fluctuated 2.06% from a day low at $44.27 to a day high of $45.18. The price has fallen in 8 of the last 10 days and is down by -9.5% 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 -8 thousand shares and in total, 51 thousand shares were bought and sold for approximately $2.28 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $44.06 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 13.72% during the next 3 months and, with a 90% probability hold a price between $50.10 and $58.93 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Bryn Mawr Bank Corporation 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 $44.72 and $47.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -10.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $39.78 and $39.75. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bryn Mawr Bank Corporation finds support just below today's level at $39.78. If this is broken, then the next support from accumulated volume will be at $39.75 and $38.82.

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 $0.91 between high and low, or 2.06%. For the last week, the stock has had a daily average volatility of 3.56%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Bryn Mawr Bank Corporation stock A Buy?

The Bryn Mawr Bank Corporation stock holds several negative signals and despite the positive trend, we believe Bryn Mawr Bank Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.314

Predicted Opening Price for Bryn Mawr Bank Corporation 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
$44.68 $44.59 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 26, 2021 "Keefe, Bruyette & Woods" gave "" rating for BMTC. The price target was changed from $47.65 to 4.5%.

Volatility and Risk
Daily Average Volatility: 3.56 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.56 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $48.58
Price: $44.59
Support: $39.78

BMTC Insider Trading Show all Trades

INSIDER POWER

1.356

Last 100 transactions
Buy: 37 969 | Sell: 28 001 (Shares)
Date Action Amount Person Type
Nov 05, 2021 Sell 10 821 Murdoch Britton Common Stock
Nov 01, 2021 Buy 160 May A John Iii Phantom Stock
Nov 01, 2021 Buy 12 May A John Iii Phantom Stock
Nov 01, 2021 Buy 29 Clement Michael Joseph Phantom Stock
Nov 01, 2021 Buy 13 Clement Michael Joseph Phantom Stock
Show all Insider Trades
INSIDER POWER

1.356

Last 100 transactions
Buy: 37 969 | Sell: 28 001 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 45.59 2.24 %
45.24 1.46 %
45.03 0.98 %
Current price: 44.59
Support 44.33 -0.58 %
44.12 -1.06 %
43.77 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 49.93 11.98 %
48.98 9.85 %
48.58 8.95 %
Current price 44.59
Support 39.78 -10.79%
39.75 -10.85%
38.82 -12.94%

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About Bryn Mawr Bank Corporation

Bryn Mawr Bank Bryn Mawr Bank Corporation operates as the bank holding company for The Bryn Mawr Trust Company that provides commercial and retail banking services to individuals and businesses. The company offers various deposit products, such as noninterest-bearing demand deposits, savings, NOW accounts, and market rate accounts. Its loan products portfolio includes construction, commercial and industrial, commercial mortgage, residential mortgage, home equit... Read more

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