Mainstreet Bancshares, Inc. Stock Forecast
Mainstreet Bancshares, Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Mainstreet Bancshares, Inc. stock price gained 0.94% on the last trading day (Tuesday, 25th Jun 2024), rising from $22.00 to $22.21. During the last trading day the stock fluctuated 0.0324% from a day low at $22.20 to a day high of $22.21. The price has risen in 5 of the last 10 days but is still down by -1.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 394 more shares were traded than the day before. In total, 679 shares were bought and sold for approximately $15.08 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 -2.47% during the next 3 months and, with a 90% probability hold a price between $20.69 and $22.95 at the end of this 3-month period.
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MNSBP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.62%. Further rise is indicated until a new top pivot has been found. Mainstreet Bancshares, 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mainstreet Bancshares, 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 $22.36. On a fall, the stock will find some support from the short-term average at $22.13. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mainstreet Bancshares, Inc. stock
Mainstreet Bancshares, Inc. finds support from accumulated volume at $22.00 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 $0.0072 between high and low, or 0.0324%. For the last week the stock has had daily average volatility of 0.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MNSBP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mainstreet Bancshares, Inc. to open at $22.20, and during the day (based on 14 day Average True Range), to move between $21.74 and $22.68, which gives a possible trading interval of +/-$0.468 (+/-2.11%) up or down from last closing price. If Mainstreet Bancshares, Inc. takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.00 (0.93%) than the resistance at $22.49 (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mainstreet Bancshares, Inc. stock A Buy?
Mainstreet Bancshares, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.685 Sell Candidate Downgraded
Predicted Opening Price for Mainstreet Bancshares, Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$22.20 ( 0.0108%) | $22.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNSBP
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.21 | 0.0216% |
R2 | 22.21 | 0.0092% |
R1 | 22.21 | 0.0016% |
Price | 22.21 | |
S1 | 22.20 | -0.0232% |
S2 | 22.20 | -0.0308% |
S3 | 22.20 | -0.0432% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.58 | 1.68% |
R2 | 22.50 | 1.32% |
R1 | 22.49 | 1.27% |
Price | 22.21 | |
S1 | 22.00 | -0.93% |
S2 | 21.76 | -2.01% |
S3 | 21.75 | -2.06% |
MNSBP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 15, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.469 | 2.11% |
2 | Feb 21, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.469 | 1.99% |
3 | Nov 15, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.469 | 2.03% |
4 | Jul 19, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.469 | 2.20% |
5 | May 17, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.469 | 2.04% |
FAQ
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