Greene County Bancorp Stock Forecast

Sell candidate since Nov 27, 2024 Loss -2.27%

The Greene County Bancorp stock price fell by -2.47% on the last day (Monday, 2nd Dec 2024) from $30.42 to $29.67. During the last trading day the stock fluctuated 2.54% from a day low at $29.53 to a day high of $30.28. The price has fallen in 8 of the last 10 days and is down by -11.03% for this period. 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, 15 thousand shares were bought and sold for approximately $438.67 thousand.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.56% during the next 3 months and, with a 90% probability hold a price between $28.82 and $36.11 at the end of this 3-month period.

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GCBC Signals & Forecast

There are few to no technical positive signals at the moment. The Greene County 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 $30.76 and $30.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 06, 2024, and so far it has fallen -15.16%. 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). Greene County 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".

Support, Risk & Stop-loss for Greene County Bancorp stock

Greene County Bancorp finds support from accumulated volume at $28.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.750 between high and low, or 2.54%. For the last week, the stock has had daily average volatility of 3.33%.

Greene County Bancorp is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GCBC) For The Upcoming Trading Day Of Tuesday 3rd

For the upcoming trading day on Tuesday, 3rd we expect Greene County Bancorp to open at $29.83, and during the day (based on 14 day Average True Range), to move between $28.54 and $30.80, which gives a possible trading interval of +/-$1.13 (+/-3.80%) up or down from last closing price. If Greene County Bancorp takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $28.96 (2.39%) than the resistance at $30.57 (3.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Greene County Bancorp stock A Buy?

The Greene County Bancorp stock holds several negative signals and despite the positive trend, we believe Greene County Bancorp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.653 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 3, 2024 - $29.83 ( 0.528%).