Northeast Community Bancorp, Inc. Stock Forecast
Green day on Thursday for Northeast Community Bancorp, Inc.
(Updated on Apr 25, 2024)
The Northeast Community Bancorp, Inc. stock price gained 1.62% on the last trading day (Thursday, 25th Apr 2024), rising from $15.45 to $15.70. During the last trading day the stock fluctuated 2.66% from a day low at $15.41 to a day high of $15.82. The price has been going up and down for this period, and there has been a 4.04% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 42 thousand shares were bought and sold for approximately $653.15 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 -9.23% during the next 3 months and, with a 90% probability hold a price between $13.40 and $14.81 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NECB Signals & Forecast
The Northeast Community Bancorp, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.36 and $15.32. 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 5.23%. Further rise is indicated until a new top pivot has been found. Northeast Community 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Northeast Community Bancorp, Inc. stock
Northeast Community Bancorp, Inc. finds support from accumulated volume at $15.59 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 $0.410 between high and low, or 2.66%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $15.03 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (NECB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Northeast Community Bancorp, Inc. to open at $15.64, and during the day (based on 14 day Average True Range), to move between $15.43 and $15.97, which gives a possible trading interval of +/-$0.272 (+/-1.73%) up or down from last closing price. If Northeast Community Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.59 (0.70%) than the resistance at $16.12 (2.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Northeast Community Bancorp, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.011 Buy Candidate Unchanged
Predicted Opening Price for Northeast Community Bancorp, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $15.64 ( 0.361%) | $15.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NECB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.05 | 2.25 % | |
| R2 | 15.90 | 1.25 % | ||
| R1 | 15.80 | 0.637 % | ||
| Current price: | 15.70 | |||
| Support | S1 | 15.49 | -1.36 % | |
| S2 | 15.39 | -1.97 % | ||
| S3 | 15.23 | -2.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.04 | 8.54 % | |
| R2 | 16.83 | 7.20 % | ||
| R1 | 16.12 | 2.68 % | ||
| Current price | 15.70 | |||
| Support | S1 | 15.59 | -0.701% | |
| S2 | 15.44 | -1.66% | ||
| S3 | 15.39 | -1.97% |
NECB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Apr 04, 2024 | May 06, 2024 | $0.100 | 0.635% |
| 2 | Dec 21, 2023 | Jan 02, 2024 | Feb 05, 2024 | $0.0600 | 0.357% |
| 3 | Sep 21, 2023 | Oct 05, 2023 | Nov 08, 2023 | $0.0600 | 0.368% |
| 4 | Jun 22, 2023 | Jul 03, 2023 | Aug 04, 2023 | $0.0600 | 0.371% |
| 5 | Mar 28, 2023 | Apr 10, 2023 | May 08, 2023 | $0.0600 | 0.470% |
FAQ
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