John Marshall Bancorp, Inc. Stock Forecast
John Marshall Bancorp, Inc. stock price ended at $16.85 on Tuesday, after gaining 1.02%.
(Updated on Jun 25, 2024)
The John Marshall Bancorp, Inc. stock price gained 1.02% on the last trading day (Tuesday, 25th Jun 2024), rising from $16.68 to $16.85. During the last trading day the stock fluctuated 3.50% from a day low at $16.56 to a day high of $17.14. The price has risen in 7 of the last 10 days and is up by 0.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $163.58 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect John Marshall Bancorp, Inc. stock with a 90% probability to be traded between $15.04 and $17.34 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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JMSB Signals & Forecast
There are mixed signals in the stock today. The John Marshall Bancorp, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.04. On a fall, the stock will find some support from the short-term average at $16.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -5.18%. 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). John Marshall Bancorp, Inc. 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.
Support, Risk & Stop-loss for John Marshall Bancorp, Inc. stock
John Marshall Bancorp, Inc. finds support from accumulated volume at $16.50 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.580 between high and low, or 3.50%. For the last week the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JMSB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect John Marshall Bancorp, Inc. to open at $16.85, and during the day (based on 14 day Average True Range), to move between $16.33 and $17.37, which gives a possible trading interval of +/-$0.515 (+/-3.06%) up or down from last closing price. If John Marshall Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.94 (0.53%) than the support at $16.50 (2.08%), 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 John Marshall Bancorp, Inc. stock A Buy?
John Marshall Bancorp, Inc. 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: -2.292 Sell Candidate Unchanged
Predicted Opening Price for John Marshall Bancorp, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $16.85 ( 0%) | $16.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JMSB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.43 | 3.44% |
| R2 | 17.21 | 2.13% |
| R1 | 17.07 | 1.31% |
| Price | 16.85 | |
| S1 | 16.63 | -1.31% |
| S2 | 16.49 | -2.13% |
| S3 | 16.27 | -3.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.19 | 2.02% |
| R2 | 17.00 | 0.89% |
| R1 | 16.94 | 0.534% |
| Price | 16.85 | |
| S1 | 16.50 | -2.08% |
| S2 | 16.47 | -2.26% |
| S3 | 16.45 | -2.37% |
JMSB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Jun 28, 2024 | Jul 08, 2024 | $0.250 | 1.47% |
| 2 | Apr 24, 2023 | Jun 26, 2023 | Jul 06, 2023 | $0.220 | 1.17% |
| 3 | Mar 16, 2022 | May 09, 2022 | May 24, 2022 | $0.200 | 0.725% |
FAQ
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