Mid-Southern Bancorp Inc. Stock Forecast
Mid-Southern Bancorp Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The Mid-Southern Bancorp Inc. stock price gained 0.569% on the last trading day (Friday, 3rd May 2024), rising from $14.06 to $14.14. During the last trading day the stock fluctuated 0.0708% from a day low at $14.13 to a day high of $14.14. The price has been going up and down for this period, and there has been a -0.77% loss for the last 2 weeks. Volume fell on the last day by -168 shares and in total, 4 thousand shares were bought and sold for approximately $53.73 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 lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.29% during the next 3 months and, with a 90% probability hold a price between $14.96 and $15.65 at the end of this 3-month period.
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MSVB Signals & Forecast
There are few to no technical positive signals at the moment. The Mid-Southern 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 $14.17 and $14.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -2.42%. 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). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mid-Southern Bancorp Inc. stock
Mid-Southern Bancorp Inc. finds support from accumulated volume at $14.00 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 therefore the general risk is considered very 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 $0.0100 between high and low, or 0.0708%. For the last week the stock has had daily average volatility of 0.244%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSVB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Mid-Southern Bancorp Inc. to open at $14.14, and during the day (based on 14 day Average True Range), to move between $14.01 and $14.27, which gives a possible trading interval of +/-$0.133 (+/-0.94%) up or down from last closing price. If Mid-Southern Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.20 (0.42%) than the support at $14.00 (0.99%), 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 Mid-Southern Bancorp Inc. stock A Buy?
The Mid-Southern Bancorp Inc. stock holds several negative signals and despite the positive trend, we believe Mid-Southern Bancorp Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.144 Sell Candidate Downgraded
Predicted Opening Price for Mid-Southern Bancorp Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$14.14 ( 0.0236%) | $14.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSVB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.15 | 0.0471 % | |
R2 | 14.14 | 0.0201 % | ||
R1 | 14.14 | 0.0034 % | ||
Current price: | 14.14 | |||
Support | S1 | 14.13 | -0.0506 % | |
S2 | 14.13 | -0.0673 % | ||
S3 | 14.13 | -0.0943 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.49 | 2.48 % | |
R2 | 14.25 | 0.778 % | ||
R1 | 14.20 | 0.424 % | ||
Current price | 14.14 | |||
Support | S1 | 14.00 | -0.99% | |
S2 | 13.85 | -2.05% | ||
S3 | 13.53 | -4.31% |
MSVB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 24, 2024 | May 09, 2024 | May 24, 2024 | $0.0600 | 0.424% |
2 | Jan 24, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.0600 | 0.440% |
3 | Oct 25, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.0600 | 0.628% |
4 | Jul 26, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.0600 | 0.580% |
5 | Apr 26, 2023 | May 11, 2023 | Aug 25, 2023 | $0.0600 | 0.580% |
FAQ
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