BV Financial, Inc. Stock Forecast
BV Financial, Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The BV Financial, Inc. stock price gained 1.72% on the last trading day (Friday, 17th May 2024), rising from $10.47 to $10.65. During the last trading day the stock fluctuated 3.63% from a day low at $10.47 to a day high of $10.85. The price has risen in 5 of the last 10 days and is up by 1.91% 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, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $31.14 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.76 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.73% during the next 3 months and, with a 90% probability hold a price between $7.56 and $8.85 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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BVFL Signals & Forecast
The BV Financial, Inc. 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 $10.51 and $10.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 4.82%. Further rise is indicated until a new top pivot has been found. BV Financial, Inc. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BV Financial, Inc. stock
BV Financial, Inc. finds support from accumulated volume at $10.51 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 $0.380 between high and low, or 3.63%. For the last week the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: $10.08 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (BVFL) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect BV Financial, Inc. to open at $10.66, and during the day (based on 14 day Average True Range), to move between $10.39 and $10.91, which gives a possible trading interval of +/-$0.258 (+/-2.42%) up or down from last closing price. If BV Financial, Inc. takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.51 (1.31%) than the resistance at $12.25 (15.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BV Financial, Inc. stock A Buy?
BV Financial, Inc. 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: 0.904 Hold/Accumulate Downgraded
Predicted Opening Price for BV Financial, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $10.66 ( 0.0626%) | $10.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BVFL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.04 | 3.63 % | |
| R2 | 10.89 | 2.27 % | ||
| R1 | 10.80 | 1.43 % | ||
| Current price: | 10.65 | |||
| Support | S1 | 10.51 | -1.30 % | |
| S2 | 10.42 | -2.14 % | ||
| S3 | 10.28 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.80 | 20.19 % | |
| R2 | 12.63 | 18.59 % | ||
| R1 | 12.25 | 15.02 % | ||
| Current price | 10.65 | |||
| Support | S1 | 10.51 | -1.31% | |
| S2 | 10.25 | -3.76% | ||
| S3 | 10.21 | -4.13% |
BVFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2018 | Dec 28, 2018 | Jan 07, 2019 | $0.0500 | 0.345% |
| 2 | Oct 30, 2018 | Oct 30, 2018 | Oct 30, 2018 | $0.0500 | 0.351% |
| 3 | Aug 07, 2018 | Aug 07, 2018 | Aug 07, 2018 | $0.0500 | 0.505% |
| 4 | Mar 03, 2010 | Mar 03, 2010 | Mar 03, 2010 | $0.0500 | 1.52% |
| 5 | Dec 04, 2009 | Dec 04, 2009 | Dec 04, 2009 | $0.0500 | 1.82% |
FAQ
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