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% PDF
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|
Remember To Visit Our YouTube Channel
On Oct 26, 2021 "Keefe, Bruyette & Woods" gave "" rating for BMTC. The price target was changed from $47.65 to 4.5%.
BMTC Insider Trading
|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|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.