Glen Burnie Bancorp Stock Forecast
Glen Burnie Bancorp stock price ended at $5.03 on Friday, after losing 4.73%.
(Updated on Apr 26, 2024)
The Glen Burnie Bancorp stock price fell by -4.73% on the last day (Friday, 26th Apr 2024) from $5.28 to $5.03. During the last trading day the stock fluctuated 5.40% from a day low at $5.00 to a day high of $5.27. The price has fallen in 7 of the last 10 days and is down by -5.04% for this period. Volume has increased on the last day by 3 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, 3 thousand shares were bought and sold for approximately $14.18 thousand.
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 -28.62% during the next 3 months and, with a 90% probability hold a price between $3.27 and $3.77 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GLBZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 0.199%. 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. The Glen Burnie 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 $5.17 and $5.47. A break-up above any of these levels will issue buy signals. Glen Burnie 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Glen Burnie Bancorp stock
Glen Burnie Bancorp finds support from accumulated volume at $5.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.270 (5.40%) between high and low. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: $4.77 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (GLBZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Glen Burnie Bancorp to open at $5.10, and during the day (based on 14 day Average True Range), to move between $4.85 and $5.21, which gives a possible trading interval of +/-$0.178 (+/-3.54%) up or down from last closing price. If Glen Burnie Bancorp takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.02 (0.20%) than the resistance at $5.26 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Glen Burnie Bancorp stock A Buy?
Glen Burnie Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.928 Hold/Accumulate Unchanged
Predicted Opening Price for Glen Burnie Bancorp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $5.10 ( 1.39%) | $5.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLBZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.37 | 6.76 % | |
| R2 | 5.27 | 4.71 % | ||
| R1 | 5.20 | 3.44 % | ||
| Current price: | 5.03 | |||
| Support | S1 | 5.00 | -0.659 % | |
| S2 | 4.93 | -1.93 % | ||
| S3 | 4.83 | -3.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.28 | 24.75 % | |
| R2 | 5.30 | 5.37 % | ||
| R1 | 5.26 | 4.57 % | ||
| Current price | 5.03 | |||
| Support | S1 | 5.02 | -0.199% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
GLBZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 19, 2024 | May 06, 2024 | $0.100 | 1.99% |
| 2 | Jan 11, 2024 | Jan 19, 2024 | Feb 05, 2024 | $0.100 | 1.43% |
| 3 | Oct 12, 2023 | Oct 20, 2023 | Nov 06, 2023 | $0.100 | 1.81% |
| 4 | Jul 13, 2023 | Jul 21, 2023 | Aug 07, 2023 | $0.100 | 1.27% |
| 5 | Apr 13, 2023 | Apr 21, 2023 | May 08, 2023 | $0.100 | 1.26% |
FAQ
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