Sierra Bancorp Stock Forecast

Weaker technical forecast for Sierra Bancorp as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)

BSRR Signals & Forecast

The Sierra Bancorp 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 $19.62 and $18.90. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.91%. Further fall is indicated until a new bottom pivot has been found. 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 also not. The stock had a Golden Star Signal on Wednesday, July 12, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Sierra Bancorp stock

On the downside, the stock finds support just below today's level from accumulated volume at $19.36 and $18.61. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sierra Bancorp finds support just below today's level at $19.36. If this is broken, then the next support from accumulated volume will be at $18.61 and $18.18.

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 $0.388 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 3.03%.

Our recommended stop-loss: $19.69 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (BSRR) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Sierra Bancorp to open at $20.39, and during the day (based on 14 day Average True Range), to move between $19.80 and $21.20, which gives a possible trading interval of +/-$0.698 (+/-3.41%) up or down from last closing price. If Sierra Bancorp takes out the full calculated possible swing range there will be an estimated 6.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.75 (1.22%) than the support at $19.36 (5.56%), 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 Sierra Bancorp stock A Buy?

Sierra Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.394 Hold/Accumulate Downgraded

Predicted Opening Price for Sierra Bancorp of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.