Equity 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:
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
Stronger technical forecast for Equity Bancshares stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Equity Bancshares stock price fell by -0.94% on the last day (Thursday, 25th Apr 2024) from $33.96 to $33.64. During the last trading day the stock fluctuated 1.86% from a day low at $33.27 to a day high of $33.89. The price has fallen in 7 of the last 10 days but is still up by 2.87% over the past 2 weeks. Volume has increased on the last day by 7 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, 48 thousand shares were bought and sold for approximately $1.60 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Equity Bancshares stock with a 90% probability to be traded between $31.51 and $34.89 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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EQBK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.90%. 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. The Equity 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 $32.88 and $32.73. A breakdown below any of these levels will issue sell signals.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -4.46% to $32.14 within 17 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Equity Bancshares stock
Equity Bancshares finds support from accumulated volume at $32.50 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 $0.620 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: $32.41 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (EQBK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Equity Bancshares to open at $33.60, and during the day (based on 14 day Average True Range), to move between $32.72 and $34.56, which gives a possible trading interval of +/-$0.92 (+/-2.73%) up or down from last closing price. If Equity Bancshares takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.08 (1.31%) than the support at $32.50 (3.39%), 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 Equity Bancshares stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Equity Bancshares stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.820 Buy Candidate Upgraded
Predicted Opening Price for Equity Bancshares of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $33.60 ( 0.119%) | $33.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.22 | 1.72 % | |
| R2 | 33.98 | 1.02 % | ||
| R1 | 33.84 | 0.585 % | ||
| Current price: | 33.64 | |||
| Support | S1 | 33.36 | -0.82 % | |
| S2 | 33.22 | -1.26 % | ||
| S3 | 32.98 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.37 | 2.17 % | |
| R2 | 34.29 | 1.93 % | ||
| R1 | 34.08 | 1.31 % | ||
| Current price | 33.64 | |||
| Support | S1 | 32.50 | -3.39% | |
| S2 | 32.00 | -4.88% | ||
| S3 | 31.64 | -5.95% |
EQBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.120 | 0.374% |
| 2 | Dec 13, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.120 | 0.367% |
| 3 | Sep 19, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.120 | 0.490% |
| 4 | Jun 16, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.100 | 0.417% |
| 5 | Mar 20, 2023 | Mar 30, 2023 | Jul 14, 2023 | $0.100 | 0.417% |
FAQ
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