Greene County Bancorp Stock Forecast
Strong day for Greene County Bancorp stock price on Friday rising 7.12% to $24.99
(Updated on Sep 22, 2023)
The Greene County Bancorp stock price gained 7.12% on the last trading day (Friday, 22nd Sep 2023), rising from $23.33 to $24.99. During the last trading day the stock fluctuated 7.11% from a day low at $23.34 to a day high of $25.00. The price has fallen in 6 of the last 10 days and is down by -15.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $401.34 thousand.
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The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.28 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.49% during the next 3 months and, with a 90% probability hold a price between $21.30 and $31.50 at the end of this 3-month period.
GCBC Signals & Forecast
There are mixed signals in the stock today. 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 $25.08 and $30.32. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, September 21, 2023, and so far it has risen 7.12%. 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). Greene County Bancorp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Greene County Bancorp stock
Greene County Bancorp finds support from accumulated volume at $24.35 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 $1.66 between high and low, or 7.11%. For the last week, the stock has had daily average volatility of 6.88%.
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 Monday 25th
For the upcoming trading day on Monday, 25th we expect Greene County Bancorp to open at $24.44, and during the day (based on 14 day Average True Range), to move between $23.67 and $26.31, which gives a possible trading interval of +/-$1.32 (+/-5.28%) up or down from last closing price. If Greene County Bancorp takes out the full calculated possible swing range there will be an estimated 10.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.35 (2.56%) than the resistance at $26.68 (6.76%), 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?
Greene County Bancorp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.525 Open Broker Account
Sell Candidate UpgradedPredicted Opening Price for Greene County Bancorp of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $24.44 | $24.99 (Overvalued) |
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Trading levels for GCBC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.10 | 4.46 % | |
| R2 | 25.47 | 1.92 % | ||
| R1 | 25.08 | 0.350 % | ||
| Current price: | 24.99 | |||
| Support | S1 | 23.81 | -4.73 % | |
| S2 | 23.42 | -6.29 % | ||
| S3 | 22.78 | -8.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.45 | 17.85 % | |
| R2 | 28.81 | 15.29 % | ||
| R1 | 26.68 | 6.76 % | ||
| Current price | 24.99 | |||
| Support | S1 | 24.35 | -2.56% | |
| S2 | 23.78 | -4.84% | ||
| S3 | 23.48 | -6.04% |
FAQ
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About Greene County Bancorp
Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services in the United States. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts. The company's loan portfolio consists of residential, construction and land, and multifamily mortgage loans; commercial rea... GCBC Profile
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