Republic First Bancorp 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
Volatile ride for Republic First Bancorp stock price on Friday moving between $0.0050 and $0.0125
(Updated on May 03, 2024)
The Republic First Bancorp stock price fell by -10.00% on the last day (Friday, 3rd May 2024) from $0.0100 to $0.0090. During the last trading day the stock fluctuated 150.00% from a day low at $0.0050 to a day high of $0.0125. The price has fallen in 5 of the last 10 days and is down by -28% for this period. Volume has increased on the last day by 262 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, 272 thousand shares were bought and sold for approximately $2.45 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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FRBK Signals & Forecast
There are few to no technical positive signals at the moment. The Republic First Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0130 and $0.0127. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -70.00%. 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). Republic First Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Republic First Bancorp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0070. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0075 between high and low, or 150.00%. For the last week, the stock has had daily average volatility of 290.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRBK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Republic First Bancorp to open at $0.0088, and during the day (based on 14 day Average True Range), to move between -$0.0001 and $0.0181, which gives a possible trading interval of +/-$0.0091 (+/-101.31%) up or down from last closing price. If Republic First Bancorp takes out the full calculated possible swing range there will be an estimated 202.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0098 (8.89%) than the support at $0.0070 (22.22%), 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 Republic First Bancorp stock A Buy?
Republic First Bancorp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.170 Strong Sell Candidate Unchanged
Predicted Opening Price for Republic First Bancorp of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$0.0088 ( 1.85%) | $0.0090 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRBK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0163 | 81.48 % | |
R2 | 0.0135 | 49.65 % | ||
R1 | 0.0117 | 29.98 % | ||
Current price: | 0.0090 | |||
Support | S1 | 0.0060 | -33.69 % | |
S2 | 0.0042 | -53.35 % | ||
S3 | 0.0013 | -85.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0105 | 16.67 % | |
R2 | 0.0100 | 11.11 % | ||
R1 | 0.0098 | 8.89 % | ||
Current price | 0.0090 | |||
Support | S1 | 0.0070 | -22.22% | |
S2 | 0 | . | ||
S3 | 0 | . |
FRBK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2005 | Feb 01, 2005 | Feb 01, 2005 | $1.65 | 14.78% |
FAQ
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