Glacier 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
Green day on Friday for Glacier Bancorp
(Updated on May 03, 2024)
The Glacier Bancorp stock price gained 0.744% on the last trading day (Friday, 3rd May 2024), rising from $37.65 to $37.93. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.14% from a day low at $37.77 to a day high of $38.58. The price has been going up and down for this period, and there has been a 2.68% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 thousand more shares were traded than the day before. In total, 364 thousand shares were bought and sold for approximately $13.81 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 Glacier Bancorp stock with a 90% probability to be traded between $34.83 and $40.60 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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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 $37.18 and $37.59. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 -1.20%. Further fall is indicated until a new bottom pivot has been found.
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.
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 $0.81 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: $36.38 (-4.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (GBCI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Glacier Bancorp to open at $38.09, and during the day (based on 14 day Average True Range), to move between $36.79 and $39.07, which gives a possible trading interval of +/-$1.14 (+/-2.99%) up or down from last closing price. If Glacier Bancorp takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.27 (0.90%) than the support at $36.94 (2.61%), 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.
Current score: -0.855 Hold/Accumulate Unchanged
Predicted Opening Price for Glacier Bancorp of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $38.09 ( 0.431%) | $37.93 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 38.90 | 2.57 % | |
| R2 | 38.59 | 1.75 % | ||
| R1 | 38.40 | 1.25 % | ||
| Current price: | 37.93 | |||
| Support | S1 | 37.78 | -0.385 % | |
| S2 | 37.59 | -0.89 % | ||
| S3 | 37.28 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.30 | 6.25 % | |
| R2 | 40.28 | 6.20 % | ||
| R1 | 38.27 | 0.90 % | ||
| Current price | 37.93 | |||
| Support | S1 | 36.94 | -2.61% | |
| S2 | 36.74 | -3.14% | ||
| S3 | 36.67 | -3.32% |
GBCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Apr 08, 2024 | Apr 18, 2024 | $0.330 | 0.94% |
| 2 | Nov 15, 2023 | Dec 04, 2023 | Dec 14, 2023 | $0.330 | 0.770% |
| 3 | Sep 27, 2023 | Oct 06, 2023 | Oct 19, 2023 | $0.330 | 1.10% |
| 4 | Jun 29, 2023 | Jul 10, 2023 | Jul 20, 2023 | $0.330 | 0.94% |
| 5 | Mar 29, 2023 | Apr 10, 2023 | Jul 20, 2023 | $0.330 | 0.94% |
FAQ
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