BOK Financial Corporation Stock Forecast
BOK Financial Corporation stock price ended at $87.85 on Friday, after gaining 2.83%.
(Updated on Apr 19, 2024)
The BOK Financial Corporation stock price gained 2.83% on the last trading day (Friday, 19th Apr 2024), rising from $85.43 to $87.85. During the last trading day the stock fluctuated 2.99% from a day low at $85.30 to a day high of $87.85. The price has fallen in 6 of the last 10 days and is down by -2.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 99 thousand shares were bought and sold for approximately $8.70 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.52% during the next 3 months and, with a 90% probability hold a price between $91.76 and $100.07 at the end of this 3-month period.
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BOKF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.20%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BOK Financial Corporation 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 $87.92. On a fall, the stock will find some support from the short-term average at $86.41. 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).
Support, Risk & Stop-loss for BOK Financial Corporation stock
BOK Financial Corporation finds support from accumulated volume at $87.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.55 (2.99%) between high and low. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOKF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect BOK Financial Corporation to open at $87.00, and during the day (based on 14 day Average True Range), to move between $85.95 and $89.75, which gives a possible trading interval of +/-$1.90 (+/-2.16%) up or down from last closing price. If BOK Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $88.15 (0.34%) than the support at $87.22 (0.72%), 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.
Earnings coming up
BOK Financial Corporation will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.72. We will update the financials statements for BOK Financial Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.71% in the first trading day after earnings release.
Is BOK Financial Corporation stock A Buy?
BOK Financial Corporation 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.
Current score: -1.793 Sell Candidate Unchanged
Predicted Opening Price for BOK Financial Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $87.00 ( 0.97%) | $87.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOKF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.55 | 1.94 % | |
| R2 | 88.58 | 0.83 % | ||
| R1 | 87.97 | 0.141 % | ||
| Current price: | 87.85 | |||
| Support | S1 | 86.03 | -2.08 % | |
| S2 | 85.42 | -2.76 % | ||
| S3 | 84.45 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.23 | 1.57 % | |
| R2 | 88.96 | 1.26 % | ||
| R1 | 88.15 | 0.341 % | ||
| Current price | 87.85 | |||
| Support | S1 | 87.22 | -0.717% | |
| S2 | 86.24 | -1.83% | ||
| S3 | 83.31 | -5.17% |
BOKF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Feb 13, 2024 | Feb 28, 2024 | $0.550 | 0.655% |
| 2 | Oct 31, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.550 | 0.766% |
| 3 | Aug 01, 2023 | Aug 14, 2023 | Aug 30, 2023 | $0.540 | 0.654% |
| 4 | May 02, 2023 | May 12, 2023 | May 30, 2023 | $0.540 | 0.645% |
| 5 | Jan 31, 2023 | Feb 13, 2023 | May 30, 2023 | $0.540 | 0.645% |
FAQ
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