BNCCORP, Inc. Stock Forecast
BNCCORP, Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Jun 17, 2024)
No changes to the price of BNCCORP, Inc. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $22.90 to a day high of $22.90. The price has fallen in 4 of the last 10 days and is down by -0.09% for this period.
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 BNCCORP, Inc. stock with a 90% probability to be traded between $20.92 and $23.67 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.
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BNCC Signals & Forecast
The BNCCORP, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.87 and $22.49. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -0.87%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BNCCORP, Inc. stock
BNCCORP, Inc. finds support from accumulated volume at $21.94 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 very controlled movements and therefore the general risk is considered very 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 0.485%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNCC) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect BNCCORP, Inc. to open at $22.90, and during the day (based on 14 day Average True Range), to move between $22.74 and $23.06, which gives a possible trading interval of +/-$0.160 (+/-0.70%) up or down from last closing price. If BNCCORP, Inc. takes out the full calculated possible swing range there will be an estimated 1.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.14 (1.05%) than the support at $21.94 (4.19%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is BNCCORP, Inc. stock A Buy?
BNCCORP, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.103 Sell Candidate Downgraded
Predicted Opening Price for BNCCORP, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $22.90 ( 0.00000000%) | $22.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNCC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.90 | 0.00000000% |
| R2 | 22.90 | 0.00000000% |
| R1 | 22.90 | 0.00000000% |
| Price | 22.90 | |
| S1 | 22.90 | 0.00000000% |
| S2 | 22.90 | 0.00000000% |
| S3 | 22.90 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.21 | 1.35% |
| R2 | 23.20 | 1.31% |
| R1 | 23.14 | 1.05% |
| Price | 22.90 | |
| S1 | 21.94 | -4.19% |
| S2 | 21.74 | -5.07% |
| S3 | 21.00 | -8.30% |
BNCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Mar 04, 2024 | Mar 25, 2024 | $2.25 | 9.70% |
| 2 | May 31, 2022 | May 31, 2022 | May 31, 2022 | $1.75 | 5.56% |
| 3 | Nov 23, 2021 | Nov 23, 2021 | Nov 23, 2021 | $6.00 | 15.46% |
| 4 | Jan 13, 2021 | Jan 13, 2021 | Jan 13, 2021 | $8.00 | 19.05% |
FAQ
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