Greene County 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 Greene County Bancorp
(Updated on Apr 26, 2024)
The Greene County Bancorp stock price gained 3.81% on the last trading day (Friday, 26th Apr 2024), rising from $28.89 to $29.99. During the last trading day the stock fluctuated 2.35% from a day low at $29.30 to a day high of $29.99. The price has risen in 8 of the last 10 days and is up by 12.87% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 7 thousand shares were bought and sold for approximately $213.86 thousand. 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Greene County Bancorp stock with a 90% probability to be traded between $24.15 and $33.53 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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GCBC Signals & Forecast
The Greene County Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.84 and $27.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 15.35%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Greene County Bancorp stock
Greene County Bancorp finds support from accumulated volume at $28.89 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.690 between high and low, or 2.35%. For the last week the stock has had daily average volatility of 3.96%.
Our recommended stop-loss: $28.87 (-3.73%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (GCBC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Greene County Bancorp to open at $29.76, and during the day (based on 14 day Average True Range), to move between $28.75 and $31.23, which gives a possible trading interval of +/-$1.24 (+/-4.13%) up or down from last closing price. If Greene County Bancorp takes out the full calculated possible swing range there will be an estimated 8.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.20 (0.70%) than the support at $28.89 (3.67%), 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 Greene County Bancorp stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Greene County Bancorp stock to perform well in the short-term period.
Current score: 4.706 Buy Candidate Unchanged
Predicted Opening Price for Greene County Bancorp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $29.76 ( 0.767%) | $29.99 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 30.45 | 1.53 % | |
| R2 | 30.19 | 0.655 % | ||
| R1 | 30.02 | 0.112 % | ||
| Current price: | 29.99 | |||
| Support | S1 | 29.50 | -1.65 % | |
| S2 | 29.33 | -2.19 % | ||
| S3 | 29.07 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.48 | 11.64 % | |
| R2 | 31.34 | 4.50 % | ||
| R1 | 30.20 | 0.700 % | ||
| Current price | 29.99 | |||
| Support | S1 | 28.89 | -3.67% | |
| S2 | 28.54 | -4.83% | ||
| S3 | 26.57 | -11.40% |
GCBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | May 14, 2024 | May 30, 2024 | $0.0800 | 0.267% |
| 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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