Weaker technical forecast for Bank of the James Financial Group as stock downgraded to Sell Candidate.
(Updated on Nov 26, 2021)
Sell candidate since 2021-10-28 Loss -2.48% PDF
The Bank of the James Financial Group stock price fell by -2.78% on the last day (Friday, 26th Nov 2021) from $15.80 to $15.36. and has now fallen 4 days in a row. During the day the stock fluctuated 4.17% from a day low at $15.36 to a day high of $16.00. The price has risen in 5 of the last 10 days, but is still down by -3.82% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $48.18 thousand.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.21 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 19.25% during the next 3 months and, with a 90% probability hold a price between $18.14 and $19.84 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Bank of the James Financial Group stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $15.98 and $15.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 22, 2021, and so far it has fallen -6.95%. 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). Bank of the James Financial Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
Bank of the James Financial Group finds support from accumulated volume at $15.25 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.64 between high and low, or 4.17%. For the last week the stock has had a daily average volatility of 2.70%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Bank of the James Financial Group stock A Buy?
The Bank of the James Financial Group stock holds several negative signals and despite the positive trend, we believe Bank of the James Financial Group will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.531
Predicted Opening Price for Bank of the James Financial Group of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
Remember To Visit Our YouTube Channel
BOTJ Insider Trading
|Oct 27, 2021||Buy||360||Alford John R Jr||Common stock, par value $2.14|
|Oct 26, 2021||Buy||500||Alford John R Jr||Common stock, par value $2.14|
|Oct 26, 2021||Buy||363||Bryant William C Iii||Common stock, par value $2.14|
|Oct 26, 2021||Buy||1 000||Doyle Julie P||Common stock, par value $2.14|
|Oct 26, 2021||Buy||500||Bryant William C Iii||Common stock, par value $2.14|
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.