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
Greene County Bancorp stock price ended on $25.01 on Friday after gaining 0.080032012805135%
(Updated on Dec 08, 2023)
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.67% during the next 3 months and, with a 90% probability hold a price between $21.51 and $25.69 at the end of this 3-month period.
GCBC Signals & Forecast
The Greene County Bancorp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $25.14. On a fall, the stock will find some support from the long-term average at approximately $24.53. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 Monday, November 20, 2023, and so far it has fallen -5.80%. 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).
Maximize Your Market Edge: Go Premium for In-Depth AI-Powered Stock Research and Exclusive Lists! 🚀
Support, Risk & Stop-loss for Greene County Bancorp stock
Greene County Bancorp finds support from accumulated volume at $24.99 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 $0.420 between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 2.78%.
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 11th
For the upcoming trading day on Monday, 11th we expect Greene County Bancorp to open at $24.93, and during the day (based on 14 day Average True Range), to move between $24.04 and $25.98, which gives a possible trading interval of +/-$0.97 (+/-3.88%) up or down from last closing price. If Greene County Bancorp takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.99 (0.08%) than the resistance at $25.25 (0.96%), 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.
Current score: -1.535 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Greene County Bancorp of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price December 11, 2023 | Current price |
|---|---|
| $24.93 | $25.01 (Overvalued) |
Remember To Visit Our YouTube Channel
Trading levels for GCBC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.35 | 1.36 % | |
| R2 | 25.19 | 0.718 % | ||
| R1 | 25.09 | 0.322 % | ||
| Current price: | 25.01 | |||
| Support | S1 | 24.77 | -0.96 % | |
| S2 | 24.67 | -1.36 % | ||
| S3 | 24.51 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.68 | 6.68 % | |
| R2 | 25.40 | 1.56 % | ||
| R1 | 25.25 | 0.96 % | ||
| Current price | 25.01 | |||
| Support | S1 | 24.99 | -0.0800% | |
| S2 | 24.67 | -1.36% | ||
| S3 | 23.78 | -4.92% |
Click here for our free guide on how to buy Greene County Bancorp Stock.
