German American 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
German American Bancorp stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)
The German American Bancorp stock price fell by -0.151% on the last day (Wednesday, 24th Apr 2024) from $33.22 to $33.17. During the last trading day the stock fluctuated 2.18% from a day low at $32.56 to a day high of $33.27. The price has risen in 6 of the last 10 days and is up by 3.56% over the past 2 weeks. Volume has increased on the last day by 33 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, 162 thousand shares were bought and sold for approximately $5.37 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 German American Bancorp stock with a 90% probability to be traded between $31.86 and $35.31 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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GABC Signals & Forecast
The German American Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $32.49 and $32.83. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 23, 2024, and so far it has fallen -0.151%. 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.
Support, Risk & Stop-loss for German American Bancorp stock
German American Bancorp finds support from accumulated volume at $33.00 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 $0.710 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GABC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect German American Bancorp to open at $33.00, and during the day (based on 14 day Average True Range), to move between $32.34 and $34.00, which gives a possible trading interval of +/-$0.83 (+/-2.49%) up or down from last closing price. If German American Bancorp takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.27 (0.30%) than the support at $33.00 (0.51%), 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 is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.736 Sell Candidate Downgraded
Predicted Opening Price for German American Bancorp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $33.00 ( 0.513%) | $33.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GABC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.71 | 1.63 % | |
| R2 | 33.44 | 0.81 % | ||
| R1 | 33.27 | 0.305 % | ||
| Current price: | 33.17 | |||
| Support | S1 | 32.73 | -1.33 % | |
| S2 | 32.56 | -1.84 % | ||
| S3 | 32.29 | -2.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.64 | 4.43 % | |
| R2 | 33.50 | 0.99 % | ||
| R1 | 33.27 | 0.301 % | ||
| Current price | 33.17 | |||
| Support | S1 | 33.00 | -0.513% | |
| S2 | 32.40 | -2.32% | ||
| S3 | 32.00 | -3.53% |
GABC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Feb 08, 2024 | Feb 20, 2024 | $0.270 | 0.82% |
| 2 | Oct 30, 2023 | Nov 09, 2023 | Nov 20, 2023 | $0.250 | 0.84% |
| 3 | Jul 31, 2023 | Aug 09, 2023 | Aug 20, 2023 | $0.250 | 0.85% |
| 4 | Apr 24, 2023 | May 09, 2023 | May 20, 2023 | $0.250 | 0.93% |
| 5 | Jan 30, 2023 | Feb 09, 2023 | Feb 20, 2023 | $0.250 | 0.624% |
FAQ
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