Eagle Bancorp Montana Stock Forecast
Eagle Bancorp Montana stock price ended at $12.88 on Wednesday, after gaining 0.617%.
(Updated on May 01, 2024)
The Eagle Bancorp Montana stock price gained 0.617% on the last trading day (Wednesday, 1st May 2024), rising from $12.80 to $12.88. During the last trading day the stock fluctuated 0.742% from a day low at $12.81 to a day high of $12.90. The price has risen in 6 of the last 10 days and is up by 3.86% over the past 2 weeks. Volume fell on the last day by -675 shares and in total, 1 thousand shares were bought and sold for approximately $16.86 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $13.01 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.80% during the next 3 months and, with a 90% probability hold a price between $11.70 and $12.39 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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EBMT Signals & Forecast
The Eagle Bancorp Montana 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 $12.80 and $12.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.95%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Eagle Bancorp Montana stock
Eagle Bancorp Montana finds support from accumulated volume at $12.80 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 $0.0950 between high and low, or 0.742%. For the last week the stock has had daily average volatility of 1.32%
Our recommended stop-loss: $12.31 (-4.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (EBMT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Eagle Bancorp Montana to open at $12.86, and during the day (based on 14 day Average True Range), to move between $12.68 and $13.08, which gives a possible trading interval of +/-$0.204 (+/-1.58%) up or down from last closing price. If Eagle Bancorp Montana takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.80 (0.61%) than the resistance at $12.99 (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eagle Bancorp Montana 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.
Current score: 1.441 Buy Candidate Unchanged
Predicted Opening Price for Eagle Bancorp Montana of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $12.86 ( 0.137%) | $12.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.96 | 0.600 % | |
| R2 | 12.92 | 0.319 % | ||
| R1 | 12.90 | 0.145 % | ||
| Current price: | 12.88 | |||
| Support | S1 | 12.83 | -0.419 % | |
| S2 | 12.80 | -0.593 % | ||
| S3 | 12.77 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.20 | 2.49 % | |
| R2 | 13.00 | 0.94 % | ||
| R1 | 12.99 | 0.86 % | ||
| Current price | 12.88 | |||
| Support | S1 | 12.80 | -0.613% | |
| S2 | 12.78 | -0.769% | ||
| S3 | 12.70 | -1.39% |
EBMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | May 16, 2024 | Jun 07, 2024 | $0.140 | 1.09% |
| 2 | Feb 08, 2024 | Feb 08, 2024 | Feb 08, 2024 | $0 | 0% |
| 3 | Oct 19, 2023 | Nov 09, 2023 | Dec 01, 2023 | $0.140 | 1.10% |
| 4 | Jul 20, 2023 | Aug 10, 2023 | Sep 01, 2023 | $0.140 | 1.11% |
| 5 | Apr 20, 2023 | May 11, 2023 | Jun 02, 2023 | $0.138 | 1.05% |
FAQ
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