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Today DCOM ranks #11746 as sell candidate. Get a Free Stock at Robinhood
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Dime Community Bancshares Stock Forecast NASDAQ:DCOM

$35.15 (-4.43%)

Volume: 118k

Closed: Nov 26, 2021

Hollow Logo Score: -4.254

Dime Community Bancshares Stock Forecast

$35.15 (-4.43%)

Volume: 118k

Closed: Nov 26, 2021

Score Hollow Logo -4.254
Which way will DCOM go? Request
Key Stats
P/E Ratio 19.98
Trailing Dividend Rate 2.7% ($0.95)
* 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 ] The Dime Community Bancshares stock currently holds an RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Dime Community Bancshares stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Dime Community Bancshares stock price fell by -4.43% on the last day (Friday, 26th Nov 2021) from $36.78 to $35.15. and has now fallen 3 days in a row. During the day the stock fluctuated 4.33% from a day low at $34.39 to a day high of $35.88. The price has fallen in 7 of the last 10 days and is down by -7.45% for this period. Volume has increased on the last day by 69 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 118 thousand shares were bought and sold for approximately $4.13 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $34.81 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 18.53% during the next 3 months and, with a 90% probability hold a price between $41.26 and $46.93 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Dime Community Bancshares stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $36.44 and $36.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -7.55%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $33.24 and $33.00. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dime Community Bancshares finds support just below today's level at $33.24. If this is broken, then the next support from accumulated volume will be at $33.00 and $31.17.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.49 (4.33%) between high and low. For the last week, the stock has had a daily average volatility of 2.47%.

Dime Community Bancshares is oversold on RSI14 (21). 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 an negative evaluation for this stock. No stop-loss is set.

Is Dime Community Bancshares stock A Buy?

The Dime Community Bancshares stock holds several negative signals and despite the positive trend, we believe Dime Community Bancshares will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -4.254

Predicted Opening Price for Dime Community Bancshares 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
$35.14 $35.15 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

Stephens is very positive about DCOM and gave it a "Equal Weight - Overweight" rating on May 17, 2021. The price target was changed from $35.00 to $38.50.

Volatility and Risk
Daily Average Volatility: 2.47 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.47 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $35.68
Price: $35.15
Support: $33.24

DCOM Insider Trading Show all Trades

INSIDER POWER

3.351

Last 100 transactions
Buy: 2 642 586 | Sell: 788 501 (Shares)
Date Action Amount Person Type
Oct 01, 2021 Buy 633 Chen Rosemarie Common Stock
Oct 01, 2021 Buy 102 Perry Joseph Common Stock
Oct 01, 2021 Buy 633 Stein Kevin Common Stock
Sep 03, 2021 Sell 2 104 Basswood Capital Management, L.l.c. Common Stock
Sep 03, 2021 Sell 488 090 Basswood Capital Management, L.l.c. Common Stock
Show all Insider Trades
INSIDER POWER

3.351

Last 100 transactions
Buy: 2 642 586 | Sell: 788 501 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 36.63 4.21 %
36.06 2.59 %
35.71 1.59 %
Current price: 35.15
Support 34.57 -1.65 %
34.22 -2.65 %
33.65 -4.27 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 37.27 6.03 %
37.22 5.89 %
35.68 1.51 %
Current price 35.15
Support 33.24 -5.43%
33.00 -6.12%
31.17 -11.32%

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About Dime Community Bancshares

Dime Community Bancshares Dime Community Bancshares, Inc. operates as the holding company for The Dime Savings Bank of Williamsburgh that provides financial services and loans for housing in New York. The company offers savings accounts, money market accounts, interest bearing and non-interest bearing checking accounts, and certificates of deposit. It also provides multifamily residential and commercial real estate loans; small investment property loans; one- to four-fami... Read more

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