Bankwell Financial Group Stock Forecast
Bankwell Financial Group stock upgraded to Buy Candidate.
(Updated on Apr 22, 2024)
The Bankwell Financial Group stock price gained 2.88% on the last trading day (Monday, 22nd Apr 2024), rising from $24.62 to $25.33. It has now gained 4 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 3.39% from a day low at $24.51 to a day high of $25.34. The price has fallen in 6 of the last 10 days but is still up by 0.48% over the past 2 weeks. Volume fell on the last day by -707 shares and in total, 13 thousand shares were bought and sold for approximately $339.63 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 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.00% during the next 3 months and, with a 90% probability hold a price between $20.20 and $23.36 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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BWFG Signals & Forecast
The Bankwell Financial Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $23.96 and $25.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.23%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Bankwell Financial Group stock
Bankwell Financial Group finds support from accumulated volume at $25.21 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 $0.83 between high and low, or 3.39%. For the last week the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: $24.45 (-3.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BWFG) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Bankwell Financial Group to open at $25.06, and during the day (based on 14 day Average True Range), to move between $24.67 and $25.99, which gives a possible trading interval of +/-$0.661 (+/-2.61%) up or down from last closing price. If Bankwell Financial Group takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.40 (0.28%) than the support at $25.21 (0.47%), 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.
Earnings coming up
Bankwell Financial Group will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.720. We will update the financials statements for Bankwell Financial Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.41% in the first trading day after earnings release.
Is Bankwell Financial Group stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.153 Buy Candidate Upgraded
Predicted Opening Price for Bankwell Financial Group of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $25.06 ( 1.07%) | $25.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWFG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.89 | 2.21 % | |
| R2 | 25.57 | 0.96 % | ||
| R1 | 25.38 | 0.186 % | ||
| Current price: | 25.33 | |||
| Support | S1 | 24.74 | -2.32 % | |
| S2 | 24.55 | -3.09 % | ||
| S3 | 24.23 | -4.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.71 | 9.40 % | |
| R2 | 25.94 | 2.41 % | ||
| R1 | 25.40 | 0.276 % | ||
| Current price | 25.33 | |||
| Support | S1 | 25.21 | -0.474% | |
| S2 | 24.62 | -2.80% | ||
| S3 | 23.41 | -7.58% |
BWFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Feb 12, 2024 | Feb 23, 2024 | $0.200 | 0.80% |
| 2 | Oct 25, 2023 | Nov 09, 2023 | Nov 20, 2023 | $0.200 | 0.739% |
| 3 | Jul 26, 2023 | Aug 11, 2023 | Aug 24, 2023 | $0.200 | 0.763% |
| 4 | Apr 26, 2023 | May 11, 2023 | Aug 24, 2023 | $0.200 | 0.763% |
| 5 | Jan 25, 2023 | Feb 10, 2023 | Feb 23, 2023 | $0.200 | 0.654% |
FAQ
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