Dime Community Bancshares Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Dime Community Bancshares stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Dime Community Bancshares stock price gained 2.99% on the last trading day (Tuesday, 2nd Jul 2024), rising from $20.09 to $20.69. During the last trading day the stock fluctuated 3.25% from a day low at $20.14 to a day high of $20.80. The price has risen in 8 of the last 10 days and is up by 13.06% over the past 2 weeks. Volume fell on the last day by -35 thousand shares and in total, 144 thousand shares were bought and sold for approximately $2.98 million. 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 has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $20.34 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $22.87 sometime during the next 3 months.
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DCOM Signals & Forecast
The Dime Community Bancshares 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 $19.72 and $18.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 16.83%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Dime Community Bancshares stock
Dime Community Bancshares finds support from accumulated volume at $20.40 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.655 between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: $20.07 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (DCOM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Dime Community Bancshares to open at $20.54, and during the day (based on 14 day Average True Range), to move between $20.04 and $21.34, which gives a possible trading interval of +/-$0.647 (+/-3.13%) up or down from last closing price. If Dime Community Bancshares takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $20.40, some $0.290 (1.40%) from the current price of $20.69, our system finds the risk reward attractive.
Is Dime Community Bancshares stock A Buy?
Dime Community Bancshares holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Dime Community Bancshares of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$20.54 ( 0.717%) | $20.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCOM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.20 | 2.45% |
R2 | 20.95 | 1.24% |
R1 | 20.79 | 0.492% |
Price | 20.69 | |
S1 | 20.29 | -1.93% |
S2 | 20.14 | -2.67% |
S3 | 19.89 | -3.88% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 20.69 | |
S1 | 20.40 | -1.40% |
S2 | 18.40 | -11.07% |
S3 | 18.33 | -11.41% |
DCOM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 20, 2024 | Jul 17, 2024 | Jul 24, 2024 | $0.250 | 1.21% |
2 | Apr 16, 2024 | Apr 16, 2024 | Apr 24, 2024 | $0.250 | 1.29% |
3 | Dec 19, 2023 | Jan 16, 2024 | Jan 24, 2024 | $0.250 | 0.99% |
4 | Sep 28, 2023 | Oct 16, 2023 | Oct 24, 2023 | $0.250 | 1.39% |
5 | Jun 29, 2023 | Jul 14, 2023 | Jul 24, 2023 | $0.250 | 1.17% |
FAQ
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