Dime Community Bancshares, Inc. Stock Forecast
Stronger technical forecast for Dime Community Bancshares, Inc. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Dime Community Bancshares, Inc. stock price fell by -0.767% on the last day (Friday, 28th Jun 2024) from $16.94 to $16.81. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.86% from a day low at $16.80 to a day high of $16.94. The price has fallen in 6 of the last 10 days and is down by -2.3% for this period. 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 -14 thousand shares and in total, 2 thousand shares were bought and sold for approximately $39.49 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $16.58 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Dime Community Bancshares, Inc. stock with a 90% probability to be traded between $16.71 and $18.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DCOMP Signals & Forecast
There are few to no technical positive signals at the moment. The Dime Community Bancshares, Inc. 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 $17.22 and $17.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -7.59%. 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 for Dime Community Bancshares, Inc. stock
Dime Community Bancshares, Inc. finds support from accumulated volume at $16.50 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 $0.145 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 1.76%
Our recommended stop-loss: $15.74 (-6.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (DCOMP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dime Community Bancshares, Inc. to open at $16.85, and during the day (based on 14 day Average True Range), to move between $16.44 and $17.18, which gives a possible trading interval of +/-$0.369 (+/-2.20%) up or down from last closing price. If Dime Community Bancshares, Inc. takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.94 (0.77%) than the support at $16.50 (1.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Dime Community Bancshares, Inc. stock A Buy?
Dime Community Bancshares, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.637 Hold/Accumulate Upgraded
Predicted Opening Price for Dime Community Bancshares, Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$16.85 ( 0.228%) | $16.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCOMP
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.99 | 1.09% |
R2 | 16.94 | 0.761% |
R1 | 16.90 | 0.558% |
Price | 16.81 | |
S1 | 16.79 | -0.101% |
S2 | 16.76 | -0.305% |
S3 | 16.70 | -0.635% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 18.00 | 7.08% |
R2 | 17.47 | 3.93% |
R1 | 16.94 | 0.773% |
Price | 16.81 | |
S1 | 16.50 | -1.84% |
S2 | 16.47 | -2.02% |
S3 | 0 | - |
DCOMP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 17, 2024 | Jul 17, 2024 | Jul 17, 2024 | $0 | 0% |
2 | Apr 25, 2024 | May 07, 2024 | May 15, 2024 | $0.344 | 1.96% |
3 | Jan 25, 2024 | Feb 07, 2024 | Feb 15, 2024 | $0.344 | 2.03% |
4 | Oct 26, 2023 | Nov 07, 2023 | Nov 15, 2023 | $0.344 | 2.17% |
5 | Jul 27, 2023 | Aug 07, 2023 | Aug 15, 2023 | $0.344 | 2.09% |
FAQ
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