New York Community Bancorp Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in New York Community Bancorp Inc stock price on Wednesday moving 21.00% between high and low
(Updated on May 01, 2024)
The New York Community Bancorp Inc stock price gained 28.11% on the last trading day (Wednesday, 1st May 2024), rising from $2.65 to $3.40. During the last trading day the stock fluctuated 21.00% from a day low at $3.00 to a day high of $3.63. The price has fallen in 6 of the last 10 days but is still up by 14.31% 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, 72 million more shares were traded than the day before. In total, 94 million shares were bought and sold for approximately $318.20 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $2.73, a level that may pose a second chance to hit a runner. According to fan-theory $4.23 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NYCB Signals & Forecast
Mostly positive signals in the chart today. The New York Community Bancorp Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.02 and $3.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 28.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for New York Community Bancorp Inc stock
New York Community Bancorp Inc finds support from accumulated volume at $3.25 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 $0.630 between high and low, or 21.00%. For the last week, the stock has had daily average volatility of 9.62%.
Our recommended stop-loss: $3.27 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (NYCB) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect New York Community Bancorp Inc to open at $3.34, and during the day (based on 14 day Average True Range), to move between $3.13 and $3.66, which gives a possible trading interval of +/-$0.268 (+/-7.89%) up or down from last closing price. If New York Community Bancorp Inc takes out the full calculated possible swing range there will be an estimated 15.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.46 (1.91%) than the support at $3.25 (4.27%), 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.
Earnings coming up
New York Community Bancorp Inc will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.130. We will update the financials statements for New York Community Bancorp Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.68% in the first trading day after earnings release.
Is New York Community Bancorp Inc stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 2.381 Buy Candidate Upgraded
Predicted Opening Price for New York Community Bancorp Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $3.34 ( 1.57%) | $3.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NYCB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.97 | 16.99 % | |
| R2 | 3.73 | 9.90 % | ||
| R1 | 3.58 | 5.52 % | ||
| Current price: | 3.40 | |||
| Support | S1 | 3.10 | -8.66 % | |
| S2 | 2.95 | -13.04 % | ||
| S3 | 2.71 | -20.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.20 | 23.71 % | |
| R2 | 3.66 | 7.81 % | ||
| R1 | 3.46 | 1.91 % | ||
| Current price | 3.40 | |||
| Support | S1 | 3.25 | -4.27% | |
| S2 | 3.22 | -5.15% | ||
| S3 | 2.73 | -19.59% |
NYCB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Feb 13, 2024 | Feb 28, 2024 | $0.0500 | 1.10% |
| 2 | Oct 26, 2023 | Nov 03, 2023 | Nov 16, 2023 | $0.170 | 1.87% |
| 3 | Jul 25, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.170 | 1.44% |
| 4 | Apr 25, 2023 | May 05, 2023 | May 18, 2023 | $0.170 | 1.55% |
| 5 | Jan 24, 2023 | Feb 03, 2023 | May 18, 2023 | $0.170 | 1.55% |
FAQ
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