Bankwell Financial Group Stock Forecast

Buy or Hold candidate since Jan 17, 2025 Loss -0.73%

The Bankwell Financial Group stock price fell by -0.732% on the last day (Tuesday, 21st Jan 2025) from $30.05 to $29.83. During the last trading day the stock fluctuated 3.27% from a day low at $29.83 to a day high of $30.81. The price has been going up and down for this period, and there has been a -1.16% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 6 thousand shares were bought and sold for approximately $193.03 thousand.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bankwell Financial Group stock with a 90% probability to be traded between $28.23 and $35.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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BWFG Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, January 10, 2025, and so far it has risen 6.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bankwell Financial Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $31.29. On a fall, the stock will find some support from the short-term average at $29.31. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Bankwell Financial Group stock

Bankwell Financial Group finds support from accumulated volume at $29.52 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 $0.98 between high and low, or 3.27%. For the last week the stock has had daily average volatility of 2.66%.

Our recommended stop-loss: $28.52 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (BWFG) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Bankwell Financial Group to open at $30.16, and during the day (based on 14 day Average True Range), to move between $28.88 and $30.78, which gives a possible trading interval of +/-$0.95 (+/-3.17%) up or down from last closing price. If Bankwell Financial Group takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $29.52 (1.04%) than the resistance at $31.78 (6.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bankwell Financial Group stock A Buy?

Bankwell Financial Group 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: 0.333 Hold/Accumulate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $30.16 ( 1.09%).