Bankwell Financial Group Stock Forecast
Evaluation of Bankwell Financial Group stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Bankwell Financial Group stock price gained 0.725% on the last trading day (Thursday, 18th Apr 2024), rising from $23.46 to $23.63. During the last trading day the stock fluctuated 1.32% from a day low at $23.44 to a day high of $23.75. The price has fallen in 6 of the last 10 days and is down by -5.56% for this period. Volume fell on the last day by -5 thousand shares and in total, 11 thousand shares were bought and sold for approximately $264.04 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 lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.45% during the next 3 months and, with a 90% probability hold a price between $19.96 and $22.72 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
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.90%. 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $23.84 and $25.04. A break-up above any of these levels will issue buy signals. 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 $23.46 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 $0.310 between high and low, or 1.32%. For the last week the stock has had daily average volatility of 3.22%.
Bankwell Financial Group is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BWFG) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Bankwell Financial Group to open at $23.61, and during the day (based on 14 day Average True Range), to move between $23.02 and $24.24, which gives a possible trading interval of +/-$0.607 (+/-2.57%) up or down from last closing price. If Bankwell Financial Group takes out the full calculated possible swing range there will be an estimated 5.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.46 (0.72%) than the resistance at $24.62 (4.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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?
Bankwell Financial Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.182 Sell Candidate Downgraded
Predicted Opening Price for Bankwell Financial Group of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $23.61 ( 0.0987%) | $23.63 |
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 | 23.92 | 1.21 % | |
| R2 | 23.80 | 0.712 % | ||
| R1 | 23.73 | 0.402 % | ||
| Current price: | 23.63 | |||
| Support | S1 | 23.49 | -0.600 % | |
| S2 | 23.42 | -0.91 % | ||
| S3 | 23.30 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.40 | 7.49 % | |
| R2 | 25.21 | 6.69 % | ||
| R1 | 24.62 | 4.19 % | ||
| Current price | 23.63 | |||
| Support | S1 | 23.46 | -0.719% | |
| S2 | 23.41 | -0.93% | ||
| S3 | 23.19 | -1.86% |
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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