Carver Bancorp Inc Stock Forecast
Big movements in Carver Bancorp Inc stock price on Friday moving 14.29% between high and low
(Updated on Apr 26, 2024)
The Carver Bancorp Inc stock price gained 8.84% on the last trading day (Friday, 26th Apr 2024), rising from $1.47 to $1.60. During the last trading day the stock fluctuated 14.29% from a day low at $1.40 to a day high of $1.60. The price has risen in 6 of the last 10 days and is up by 20.3% 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, 54 thousand more shares were traded than the day before. In total, 86 thousand shares were bought and sold for approximately $138.16 thousand.
The stock lies in the middle of a very 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 -16.66% during the next 3 months and, with a 90% probability hold a price between $1.03 and $1.49 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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CARV Signals & Forecast
Mostly positive signals in the chart today. The Carver Bancorp 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 $1.58 and $1.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 24.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Carver Bancorp 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Carver Bancorp Inc stock
Carver Bancorp Inc finds support from accumulated volume at $1.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.200 between high and low, or 14.29%. For the last week, the stock has had daily average volatility of 7.97%.
Our recommended stop-loss: $1.54 (-3.82%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (CARV) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Carver Bancorp Inc to open at $1.53, and during the day (based on 14 day Average True Range), to move between $1.47 and $1.73, which gives a possible trading interval of +/-$0.127 (+/-7.97%) up or down from last closing price. If Carver Bancorp Inc takes out the full calculated possible swing range there will be an estimated 15.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.59 (0.63%) than the resistance at $1.63 (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carver Bancorp Inc 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 Sell to a Buy candidate.
Current score: 1.789 Buy Candidate Upgraded
Predicted Opening Price for Carver Bancorp Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.53 ( 4.17%) | $1.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CARV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.73 | 8.33 % | |
| R2 | 1.66 | 3.56 % | ||
| R1 | 1.61 | 0.608 % | ||
| Current price: | 1.60 | |||
| Support | S1 | 1.46 | -8.94 % | |
| S2 | 1.41 | -11.89 % | ||
| S3 | 1.33 | -16.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.84 | 15.00 % | |
| R2 | 1.73 | 8.12 % | ||
| R1 | 1.63 | 1.87 % | ||
| Current price | 1.60 | |||
| Support | S1 | 1.59 | -0.625% | |
| S2 | 1.56 | -2.50% | ||
| S3 | 1.44 | -10.00% |
CARV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 13, 2010 | Aug 25, 2010 | Sep 10, 2010 | $0.375 | 0.80% |
| 2 | Jul 15, 2010 | Jul 22, 2010 | Aug 09, 2010 | $0.375 | 0.374% |
| 3 | Feb 04, 2010 | Feb 11, 2010 | Mar 01, 2010 | $1.50 | 1.15% |
| 4 | Nov 16, 2009 | Nov 24, 2009 | Dec 14, 2009 | $1.50 | 1.17% |
| 5 | Aug 13, 2009 | Aug 28, 2009 | Sep 14, 2009 | $1.50 | 1.54% |
FAQ
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