Guaranty Bancshares Inc Stock Forecast
Stronger technical forecast for Guaranty Bancshares Inc stock price after Friday trading.
(Updated on Apr 26, 2024)
The Guaranty Bancshares Inc stock price gained 1.40% on the last trading day (Friday, 26th Apr 2024), rising from $29.33 to $29.74. During the last trading day the stock fluctuated 1.47% from a day low at $29.51 to a day high of $29.95. The price has been going up and down for this period, and there has been a 3.01% gain for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 10 thousand shares were bought and sold for approximately $302.13 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 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 -4.40% during the next 3 months and, with a 90% probability hold a price between $26.21 and $29.76 at the end of this 3-month period.
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GNTY Signals & Forecast
The Guaranty Bancshares Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $29.35 and $29.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.60%. 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 Guaranty Bancshares Inc stock
Guaranty Bancshares Inc finds support from accumulated volume at $29.48 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 $0.435 between high and low, or 1.47%. For the last week the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: $28.72 (-3.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (GNTY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Guaranty Bancshares Inc to open at $29.73, and during the day (based on 14 day Average True Range), to move between $28.79 and $30.69, which gives a possible trading interval of +/-$0.95 (+/-3.21%) up or down from last closing price. If Guaranty Bancshares Inc takes out the full calculated possible swing range there will be an estimated 6.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.48 (0.87%) than the resistance at $30.44 (2.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guaranty Bancshares Inc stock A Buy?
Guaranty Bancshares Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.406 Hold/Accumulate Upgraded
Predicted Opening Price for Guaranty Bancshares Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$29.73 ( 0.0280%) | $29.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNTY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.17 | 1.43 % | |
R2 | 30.00 | 0.88 % | ||
R1 | 29.90 | 0.531 % | ||
Current price: | 29.74 | |||
Support | S1 | 29.57 | -0.587 % | |
S2 | 29.46 | -0.93 % | ||
S3 | 29.30 | -1.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 31.71 | 6.62 % | |
R2 | 30.91 | 3.93 % | ||
R1 | 30.44 | 2.35 % | ||
Current price | 29.74 | |||
Support | S1 | 29.48 | -0.87% | |
S2 | 28.76 | -3.30% | ||
S3 | 28.59 | -3.87% |
GNTY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 22, 2024 | Apr 10, 2024 | $0.240 | 0.83% |
2 | Dec 20, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.230 | 0.715% |
3 | Sep 14, 2023 | Sep 22, 2023 | Oct 11, 2023 | $0.230 | 0.794% |
4 | Jun 21, 2023 | Jun 29, 2023 | Jul 12, 2023 | $0.230 | 0.85% |
5 | Mar 08, 2023 | Mar 24, 2023 | Apr 12, 2023 | $0.230 | 0.87% |
FAQ
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