Bank7 Corp. Stock Forecast
Weaker technical forecast for Bank7 Corp. as stock downgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Bank7 Corp. stock price gained 1.69% on the last trading day (Friday, 3rd May 2024), rising from $28.46 to $28.94. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.15% from a day low at $28.61 to a day high of $28.94. The price has risen in 6 of the last 10 days and is up by 4.89% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 4 thousand shares were bought and sold for approximately $117.53 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $28.27 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $29.66 sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BSVN Signals & Forecast
The Bank7 Corp. 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 $27.78 and $27.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 7.26%. 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. 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 Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 21, 2023.
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.
Golden Star
The stock had a Golden Star Signal on Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 21, 2023.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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 21, 2023.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 Bank7 Corp. stock
Bank7 Corp. finds support from accumulated volume at $27.59 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.330 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 1.23%
Our recommended stop-loss: $27.99 (-3.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BSVN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bank7 Corp. to open at $28.83, and during the day (based on 14 day Average True Range), to move between $28.36 and $29.52, which gives a possible trading interval of +/-$0.580 (+/-2.00%) up or down from last closing price. If Bank7 Corp. takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $27.59, some $1.35 (4.66%) from the current price of $28.94, our system finds the risk reward attractive.
Is Bank7 Corp. stock A Buy?
Bank7 Corp. 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Bank7 Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $28.83 ( 0.380%) | $28.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSVN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.16 | 0.760 % | |
| R2 | 29.03 | 0.325 % | ||
| R1 | 28.96 | 0.0555 % | ||
| Current price: | 28.94 | |||
| Support | S1 | 28.70 | -0.82 % | |
| S2 | 28.63 | -1.08 % | ||
| S3 | 28.50 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 28.94 | |||
| Support | S1 | 27.59 | -4.66% | |
| S2 | 27.14 | -6.22% | ||
| S3 | 27.13 | -6.25% |
BSVN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 20, 2024 | Apr 04, 2024 | $0.210 | 0.753% |
| 2 | Nov 30, 2023 | Dec 21, 2023 | Jan 04, 2024 | $0.210 | 0.81% |
| 3 | Jul 27, 2023 | Sep 25, 2023 | Oct 10, 2023 | $0.210 | 0.95% |
| 4 | Apr 27, 2023 | Jun 21, 2023 | Jul 07, 2023 | $0.160 | 0.631% |
| 5 | Jan 26, 2023 | Mar 21, 2023 | Apr 07, 2023 | $0.160 | 0.680% |
FAQ
Click here for our free guide on how to buy Bank7 Corp. Stock.
