Bank of the James Financial Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for Bank of the James Financial Group
(Updated on Apr 18, 2024)
The Bank of the James Financial Group stock price gained 0.767% on the last trading day (Thursday, 18th Apr 2024), rising from $9.78 to $9.85. During the last trading day the stock fluctuated 0.729% from a day low at $9.78 to a day high of $9.85. The price has fallen in 7 of the last 10 days and is down by -4% for this period. Volume fell on the last day by -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately $14.92 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.20% during the next 3 months and, with a 90% probability hold a price between $7.87 and $8.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BOTJ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.767%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. 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 $9.98 and $10.67. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bank of the James Financial Group stock
Bank of the James Financial Group finds support from accumulated volume at $9.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0713 between high and low, or 0.729%. For the last week the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOTJ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Bank of the James Financial Group to open at $9.83, and during the day (based on 14 day Average True Range), to move between $9.54 and $10.16, which gives a possible trading interval of +/-$0.310 (+/-3.15%) up or down from last closing price. If Bank of the James Financial Group takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.80 (0.51%) than the resistance at $9.91 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bank of the James Financial Group will release earnings BMO on Friday, April 19, 2024. We will update the financials statements for Bank of the James Financial Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.93% in the first trading day after earnings release.
Is Bank of the James Financial Group stock A Buy?
Bank of the James Financial Group holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.816 Sell Candidate Unchanged
Predicted Opening Price for Bank of the James Financial Group of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $9.83 ( 0.241%) | $9.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOTJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.90 | 0.483 % | |
| R2 | 9.87 | 0.206 % | ||
| R1 | 9.85 | 0.0352 % | ||
| Current price: | 9.85 | |||
| Support | S1 | 9.80 | -0.518 % | |
| S2 | 9.78 | -0.689 % | ||
| S3 | 9.75 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.92 | 21.02 % | |
| R2 | 11.75 | 19.29 % | ||
| R1 | 9.91 | 0.609 % | ||
| Current price | 9.85 | |||
| Support | S1 | 9.80 | -0.508% | |
| S2 | 9.78 | -0.761% | ||
| S3 | 0 | . |
BOTJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.100 | 0.93% |
| 2 | Oct 17, 2023 | Nov 22, 2023 | Dec 08, 2023 | $0.0800 | 0.748% |
| 3 | Jul 18, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.0800 | 0.746% |
| 4 | Apr 18, 2023 | Jun 01, 2023 | Sep 15, 2023 | $0.0800 | 0.746% |
| 5 | Jan 17, 2023 | Mar 02, 2023 | Mar 17, 2023 | $0.0800 | 0.696% |
FAQ
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