The Bank of Princeton Stock Forecast
Stronger technical forecast for The Bank of Princeton stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The The Bank of Princeton stock price gained 2.53% on the last trading day (Tuesday, 2nd Jul 2024), rising from $32.40 to $33.22. During the last trading day the stock fluctuated 4.04% from a day low at $32.20 to a day high of $33.50. The price has risen in 6 of the last 10 days and is up by 8.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $497.80 thousand.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $32.07, a level that may pose a second chance to hit a runner. According to fan-theory $33.98 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BPRN Signals & Forecast
Mostly positive signals in the chart today. The The Bank of Princeton 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 $31.62 and $30.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 11.22%. 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). The Bank of Princeton has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for The Bank of Princeton stock
The Bank of Princeton finds support from accumulated volume at $33.10 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.30 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 4.19%.
The The Bank of Princeton stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $32.06 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (BPRN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The Bank of Princeton to open at $32.97, and during the day (based on 14 day Average True Range), to move between $32.47 and $33.97, which gives a possible trading interval of +/-$0.752 (+/-2.26%) up or down from last closing price. If The Bank of Princeton takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $33.10, some $0.120 (0.36%) from the current price of $33.22, our system finds the risk reward attractive.
Is The Bank of Princeton stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for The Bank of Princeton stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.787 Buy Candidate Upgraded
Predicted Opening Price for The Bank of Princeton of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $32.97 ( 0.743%) | $33.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BPRN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.27 | 3.17% |
| R2 | 33.78 | 1.68% |
| R1 | 33.47 | 0.752% |
| Price | 33.22 | |
| S1 | 32.48 | -2.24% |
| S2 | 32.17 | -3.16% |
| S3 | 31.67 | -4.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 33.22 | |
| S1 | 33.10 | -0.361% |
| S2 | 30.58 | -7.95% |
| S3 | 30.25 | -8.94% |
BPRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 09, 2024 | May 31, 2024 | $0.300 | 0.98% |
| 2 | Feb 08, 2024 | Feb 08, 2024 | Mar 01, 2024 | $0.300 | 0.98% |
| 3 | Oct 25, 2023 | Nov 10, 2023 | Nov 30, 2023 | $0.300 | 0.91% |
| 4 | Jul 20, 2023 | Aug 08, 2023 | Aug 31, 2023 | $0.300 | 1.02% |
| 5 | Apr 19, 2023 | May 08, 2023 | May 26, 2023 | $0.300 | 1.21% |
FAQ
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