New York Community Bancorp Inc Stock Forecast
New York Community Bancorp Inc stock price ended at $2.96 on Thursday, after losing 0.337%.
(Updated on Apr 18, 2024)
The New York Community Bancorp Inc stock price fell by -0.337% on the last day (Thursday, 18th Apr 2024) from $2.97 to $2.96. During the last trading day the stock fluctuated 2.41% from a day low at $2.91 to a day high of $2.98. The price has been going up and down for this period, and there has been a -8.07% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 9 million shares were bought and sold for approximately $27.67 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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NYCB Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 8.42%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The New York Community 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 $3.34. On a fall, the stock will find some support from the short-term average at $2.94. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for New York Community Bancorp Inc stock
New York Community Bancorp Inc finds support from accumulated volume at $2.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0700 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 4.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NYCB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect New York Community Bancorp Inc to open at $2.95, and during the day (based on 14 day Average True Range), to move between $2.71 and $3.21, which gives a possible trading interval of +/-$0.249 (+/-8.40%) 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 16.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.91 (1.69%) than the resistance at $3.46 (16.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
New York Community Bancorp Inc will release earnings BMO on Friday, April 26, 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?
New York Community 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: -1.355 Sell Candidate Unchanged
Predicted Opening Price for New York Community Bancorp Inc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$2.95 ( 0.338%) | $2.96 |
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 | 3.02 | 2.03 % | |
R2 | 2.99 | 1.12 % | ||
R1 | 2.98 | 0.566 % | ||
Current price: | 2.96 | |||
Support | S1 | 2.92 | -1.24 % | |
S2 | 2.91 | -1.80 % | ||
S3 | 2.88 | -2.70 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.66 | 23.65 % | |
R2 | 3.55 | 19.93 % | ||
R1 | 3.46 | 16.89 % | ||
Current price | 2.96 | |||
Support | S1 | 2.91 | -1.69% | |
S2 | 2.84 | -4.05% | ||
S3 | 2.73 | -7.77% |
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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