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Elmira Savings Bank NY (The) Stock Forecast NASDAQ:ESBK

$22.84 (-0.17%)

Volume: 195

Closed: Nov 26, 2021

Hollow Logo Score: 3.025

Elmira Savings Bank NY (The) Stock Forecast

$22.84 (-0.17%)

Volume: 195

Closed: Nov 26, 2021

Score Hollow Logo 3.025
Which way will ESBK go? Request
Stop-loss: $21.55 (-5.67%)
Key Stats
Trailing Dividend Rate 2.59% ($0.59)
Next Dividend Date Dec 02, 2021
* 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 ] RSI14 is 65 and the stock is currently not being overbought or oversold

Red day on Friday for Elmira Savings Bank NY (The)
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-05 Gain 0.62%

The Elmira Savings Bank NY (The) stock price fell by -0.17% on the last day (Friday, 26th Nov 2021) from $22.88 to $22.84. During the day the stock fluctuated 0% from a day low at $22.84 to a day high of $22.84. The price has been going up and down for this period, and there has been a 0.18% gain for the last 2 weeks. 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 -5 thousand shares and in total, 195 shares were bought and sold for approximately $4.45 thousand.

The stock lies in the lower part of a very 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 $21.51 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 84.96% during the next 3 months and, with a 90% probability hold a price between $39.79 and $52.12 at the end of this 3-month period.

Signals & Forecast

The Elmira Savings Bank NY (The) stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $22.85. On a fall, the stock will find some support from the long-term average at approximately $22.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -0.17%. Further fall is indicated until a new bottom pivot has been found. 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

Elmira Savings Bank NY (The) finds support from accumulated volume at $22.70 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 between high and low, or 0%. For the last week the stock has had a daily average volatility of 0.0656%

Our recommended stop-loss: $21.55 (-5.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 days ago.)

Is Elmira Savings Bank NY (The) stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Elmira Savings Bank NY (The) stock to perform well in the short-term.

Current score: 3.025

Predicted Opening Price for Elmira Savings Bank NY (The) 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
$22.84 $22.84 (Undervalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 0.0656 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.0656 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $22.85
Price: $22.84
Support: $22.70

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 22.84 .
22.84 .
22.84 .
Current price: 22.84
Support 22.84 .
22.84 .
22.84 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 22.88 0.17 %
22.86 0.0876 %
22.85 0.0438 %
Current price 22.84
Support 22.70 -0.61%
22.65 -0.83%
22.50 -1.49%

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About Elmira Savings Bank NY (The)

Elmira Savings Bank provides banking products and services to individual and commercial customers. It accepts deposit products, such as savings and money market accounts, individual retirement arrangements, time deposits, retail and commercial checking accounts, NOW accounts, and certificates of deposit. The company also provides auto, truck, and motorcycle loans; personal loans; boats, recreational vehicles, and other outdoor sports equipment lo... Read more

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