Glacier Bancorp Stock Forecast
Glacier Bancorp stock downgraded to Hold/Accumulate
(Updated on Jul 02, 2024)
The Glacier Bancorp stock price gained 1.59% on the last trading day (Tuesday, 2nd Jul 2024), rising from $37.02 to $37.61. During the last trading day the stock fluctuated 2.23% from a day low at $36.81 to a day high of $37.63. The price has risen in 7 of the last 10 days and is up by 4.47% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 314 thousand shares were bought and sold for approximately $11.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $38.56 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.68% during the next 3 months and, with a 90% probability hold a price between $32.35 and $37.14 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GBCI Signals & Forecast
The Glacier 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 $36.60 and $36.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 7.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Glacier Bancorp stock
Glacier Bancorp finds support from accumulated volume at $36.94 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 $0.82 between high and low, or 2.23%. For the last week the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: $36.21 (-3.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (GBCI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Glacier Bancorp to open at $37.35, and during the day (based on 14 day Average True Range), to move between $36.70 and $38.52, which gives a possible trading interval of +/-$0.91 (+/-2.43%) up or down from last closing price. If Glacier Bancorp takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.69 (0.21%) than the support at $36.94 (1.78%), 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 Glacier Bancorp stock A Buy?
Glacier Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.313 Hold/Accumulate Downgraded
Predicted Opening Price for Glacier Bancorp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $37.35 ( 0.691%) | $37.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBCI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.17 | 1.49% |
| R2 | 37.86 | 0.656% |
| R1 | 37.66 | 0.142% |
| Price | 37.61 | |
| S1 | 37.04 | -1.52% |
| S2 | 36.84 | -2.04% |
| S3 | 36.53 | -2.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.65 | 5.42% |
| R2 | 39.07 | 3.88% |
| R1 | 37.69 | 0.213% |
| Price | 37.61 | |
| S1 | 36.94 | -1.78% |
| S2 | 35.51 | -5.58% |
| S3 | 35.10 | -6.67% |
GBCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jul 09, 2024 | Jul 18, 2024 | $0.330 | 0.88% |
| 2 | Mar 27, 2024 | Apr 08, 2024 | Apr 18, 2024 | $0.330 | 0.94% |
| 3 | Nov 15, 2023 | Dec 04, 2023 | Dec 14, 2023 | $0.330 | 0.770% |
| 4 | Sep 27, 2023 | Oct 06, 2023 | Oct 19, 2023 | $0.330 | 1.10% |
| 5 | Jun 29, 2023 | Jul 10, 2023 | Jul 20, 2023 | $0.330 | 0.94% |
FAQ
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