Greene County Bancorp Stock Forecast
Evaluation of Greene County Bancorp stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Greene County Bancorp stock price fell by -2.61% on the last day (Tuesday, 25th Jun 2024) from $31.38 to $30.56. During the last trading day the stock fluctuated 1.87% from a day low at $30.56 to a day high of $31.13. The price has risen in 6 of the last 10 days and is up by 0.1% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -188 shares and in total, 14 thousand shares were bought and sold for approximately $413.42 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.02 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 17.23% during the next 3 months and, with a 90% probability hold a price between $35.19 and $40.48 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. 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 $30.57 and $31.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -5.68%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Greene County Bancorp stock
Greene County Bancorp finds support from accumulated volume at $30.53 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.570 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 2.23%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Greene County Bancorp to open at $30.75, and during the day (based on 14 day Average True Range), to move between $29.53 and $31.59, which gives a possible trading interval of +/-$1.03 (+/-3.38%) up or down from last closing price. If Greene County Bancorp takes out the full calculated possible swing range there will be an estimated 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.53 (0.10%) than the resistance at $31.05 (1.60%), 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. 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: -3.435 Sell Candidate Downgraded
Predicted Opening Price for Greene County Bancorp of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $30.75 ( 0.622%) | $30.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GCBC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.32 | 2.49% |
| R2 | 31.10 | 1.77% |
| R1 | 30.97 | 1.33% |
| Price | 30.56 | |
| S1 | 30.53 | -0.0908% |
| S2 | 30.40 | -0.531% |
| S3 | 30.18 | -1.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.43 | 2.85% |
| R2 | 31.21 | 2.13% |
| R1 | 31.05 | 1.60% |
| Price | 30.56 | |
| S1 | 30.53 | -0.0982% |
| S2 | 30.42 | -0.458% |
| S3 | 30.37 | -0.622% |
GCBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | May 14, 2024 | May 30, 2024 | $0.0800 | 0.258% |
| 2 | Jan 17, 2024 | Feb 14, 2024 | Feb 28, 2024 | $0.0800 | 0.283% |
| 3 | Oct 18, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.0800 | 0.319% |
| 4 | Jul 18, 2023 | Aug 11, 2023 | Aug 31, 2023 | $0.0800 | 0.278% |
| 5 | Apr 18, 2023 | May 12, 2023 | May 31, 2023 | $0.0700 | 0.262% |
FAQ
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