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Bankwell Financial Group Stock Forecast NASDAQ:BWFG

$30.61 (-3.38%)

Volume: 2k

Closed: Nov 26, 2021

Hollow Logo Score: 3.001

Bankwell Financial Group Stock Forecast

$30.61 (-3.38%)

Volume: 2k

Closed: Nov 26, 2021

Score Hollow Logo 3.001
Which way will BWFG go? Request
Stop-loss: $29.14 (-4.79%)
Key Stats
Beta 0.63
Trailing Dividend Rate 2.07% ($0.64)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 49 and the stock is currently not being overbought or oversold

Red day on Friday for Bankwell Financial Group
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-01 Gain 4.44%

The Bankwell Financial Group stock price fell by -3.38% on the last day (Friday, 26th Nov 2021) from $31.68 to $30.61. During the day the stock fluctuated 1.73% from a day low at $30.61 to a day high of $31.14. The price has been going up and down for this period, and there has been a -4.1% 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 -8 thousand shares and in total, 2 thousand shares were bought and sold for approximately $56.93 thousand.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.38 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.77% during the next 3 months and, with a 90% probability hold a price between $32.74 and $34.90 at the end of this 3-month period.

Signals & Forecast

The Bankwell Financial Group stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $31.24. On a fall, the stock will find some support from the long-term average at approximately $30.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, November 10, 2021, and so far it has fallen -4.28%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Bankwell Financial Group finds support from accumulated volume at $30.31 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 $0.53 between high and low, or 1.73%. For the last week the stock has had a daily average volatility of 1.72%

Our recommended stop-loss: $29.14 (-4.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Is Bankwell Financial Group stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bankwell Financial Group stock to perform well in the short-term.

Current score: 3.001

Predicted Opening Price for Bankwell Financial Group of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$30.79 $30.61 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

Boenning Scattergood is very positive about BWFG and gave it a "Neutral - Outperform" rating on May 10, 2021. The price target was set to $33.00.

Volatility and Risk
Daily Average Volatility: 1.72 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.72 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $30.70
Price: $30.61
Support: $30.31

BWFG Insider Trading Show all Trades

INSIDER POWER

3.336

Last 100 transactions
Buy: 42 477 | Sell: 12 734 (Shares)
Date Action Amount Person Type
Nov 19, 2021 Buy 100 Seidman Lawrence B Common Stock
Nov 19, 2021 Buy 512 Seidman Lawrence B Common Stock
Nov 19, 2021 Buy 450 Seidman Lawrence B Common Stock
Nov 19, 2021 Buy 100 Seidman Lawrence B Common Stock
Nov 19, 2021 Buy 342 Seidman Lawrence B Common Stock
Show all Insider Trades
INSIDER POWER

3.336

Last 100 transactions
Buy: 42 477 | Sell: 12 734 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 31.32 2.31 %
31.11 1.65 %
30.99 1.24 %
Current price: 30.61
Support 30.58 -0.0843 %
30.46 -0.49 %
30.26 -1.15 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 31.14 1.73 %
31.00 1.26 %
30.70 0.29 %
Current price 30.61
Support 30.31 -0.98%
29.70 -2.97%
29.50 -3.63%

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About Bankwell Financial Group

Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. It offers checking, savings, and money market accounts; and demand and NOW deposits, as well as certificates of deposit. The company also provides commercial lending products, including owner-occupied commercial real estate loans, commercial real estate investment loan... Read more

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