BBCN Bancorp Inc Stock Forecast
Green day on Thursday for BBCN Bancorp Inc stock after gaining 1.36%
(Updated on Apr 18, 2024)
The BBCN Bancorp Inc stock price gained 1.36% on the last trading day (Thursday, 18th Apr 2024), rising from $10.28 to $10.42. During the last trading day the stock fluctuated 1.95% from a day low at $10.27 to a day high of $10.47. The price has fallen in 6 of the last 10 days and is down by -4.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 475 thousand shares were bought and sold for approximately $4.95 million.
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 -6.01% during the next 3 months and, with a 90% probability hold a price between $9.44 and $10.66 at the end of this 3-month period.
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HOPE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BBCN Bancorp Inc 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 $10.48 and $10.93. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BBCN Bancorp Inc stock
BBCN Bancorp Inc finds support from accumulated volume at $10.32 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 $0.200 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.10%.
BBCN Bancorp Inc is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOPE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect BBCN Bancorp Inc to open at $10.39, and during the day (based on 14 day Average True Range), to move between $10.13 and $10.71, which gives a possible trading interval of +/-$0.285 (+/-2.74%) up or down from last closing price. If BBCN Bancorp Inc takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.32 (0.96%) than the resistance at $10.90 (4.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
BBCN Bancorp Inc will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.270. We will update the financials statements for BBCN Bancorp Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.10% in the first trading day after earnings release.
Is BBCN Bancorp Inc stock A Buy?
BBCN Bancorp Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.155 Sell Candidate Unchanged
Predicted Opening Price for BBCN Bancorp Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $10.39 ( 0.320%) | $10.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOPE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.59 | 1.60 % | |
| R2 | 10.51 | 0.87 % | ||
| R1 | 10.46 | 0.413 % | ||
| Current price: | 10.42 | |||
| Support | S1 | 10.31 | -1.05 % | |
| S2 | 10.26 | -1.51 % | ||
| S3 | 10.19 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.08 | 6.33 % | |
| R2 | 10.93 | 4.89 % | ||
| R1 | 10.90 | 4.61 % | ||
| Current price | 10.42 | |||
| Support | S1 | 10.32 | -0.96% | |
| S2 | 10.28 | -1.34% | ||
| S3 | 0 | . |
HOPE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.140 | 1.28% |
| 2 | Oct 23, 2023 | Nov 01, 2023 | Nov 16, 2023 | $0.140 | 1.40% |
| 3 | Jul 24, 2023 | Aug 02, 2023 | Aug 17, 2023 | $0.140 | 1.43% |
| 4 | Apr 24, 2023 | May 03, 2023 | May 18, 2023 | $0.140 | 1.67% |
| 5 | Jan 23, 2023 | Feb 01, 2023 | Feb 16, 2023 | $0.140 | 1.06% |
FAQ
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