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$36.88 (-0.59%)

Volume: 47.237k

Closed: Sep 26, 2022

Hollow Logo Score: -0.771

German American Bancorp Stock Forecast

$36.88 (-0.59%)

Volume: 47.237k

Closed: Sep 26, 2022

Score Hollow Logo -0.771
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 48 and the stock is currently not being overbought or oversold
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German American Bancorp stock upgraded to Hold/Accumulate.
(Updated on Sep 26, 2022)

Hold candidate since 2022-09-26 PDF

The German American Bancorp stock price fell by -0.59% on the last day (Monday, 26th Sep 2022) from $37.10 to $36.88. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.50% from a day low at $36.75 to a day high of $37.30. The price has been going up and down for this period, and there has been a -2.46% loss for the last 2 weeks. Volume has increased on the last day by 6 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, 47 thousand shares were bought and sold for approximately $1.74 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $36.15 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 9.6% during the next 3 months and, with a 90% probability hold a price between $39.62 and $44.82 at the end of this 3-month period.

Signals & Forecast

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. The German American Bancorp 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 $37.65 and $37.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 16, 2022, and so far it has fallen -6.16%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

German American Bancorp finds support from accumulated volume at $35.60 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.55 between high and low, or 1.50%. For the last week the stock has had daily average volatility of 1.83%.

Our recommended stop-loss: $35.40 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect German American Bancorp to open at $36.98, and during the day (based on 14 day Average True Range), to move between $36.12 and $37.64, which gives a possible trading interval of +/-$0.76 (+/-2.07%) up or down from last closing price. If German American Bancorp takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $37.54 (1.79%) than the support at $35.60 (3.47%), 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 German American Bancorp stock A Buy?

German American Bancorp 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: -0.771

Hold/Accumulate Upgraded

Predicted Opening Price for German American Bancorp of Tuesday, September 27, 2022

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price September 27, 2022 Current price
$36.98 $36.88 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 37.53 1.75 %
37.32 1.18 %
37.19 0.83 %
Current price: 36.88
Support 36.77 -0.31 %
36.64 -0.66 %
36.43 -1.23 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 38.02 3.09 %
37.56 1.84 %
37.54 1.79 %
Current price 36.88
Support 35.60 -3.47%
35.24 -4.45%
34.18 -7.32%

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About German American Bancorp

German American Ban German American Bancorp, Inc. operates as a bank holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans,... GABC Profile

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