Origin Bancorp, Inc. Stock Forecast
Stronger technical forecast for Origin Bancorp, Inc. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Origin Bancorp, Inc. stock price gained 3.32% on the last trading day (Friday, 28th Jun 2024), rising from $30.70 to $31.72. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.52% from a day low at $30.97 to a day high of $31.75. The price has risen in 7 of the last 10 days and is up by 8.04% 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, 90 thousand more shares were traded than the day before. In total, 126 thousand shares were bought and sold for approximately $3.99 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.25% during the next 3 months and, with a 90% probability hold a price between $29.94 and $34.93 at the end of this 3-month period.
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OBK Signals & Forecast
Mostly positive signals in the chart today. The Origin 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 $30.30 and $31.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 8.74%. 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 Origin Bancorp, Inc. stock
Origin Bancorp, Inc. finds support from accumulated volume at $30.97 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 $0.780 between high and low, or 2.52%. For the last week the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: $30.37 (-4.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (OBK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Origin Bancorp, Inc. to open at $31.48, and during the day (based on 14 day Average True Range), to move between $31.00 and $32.44, which gives a possible trading interval of +/-$0.718 (+/-2.26%) up or down from last closing price. If Origin Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.30 (1.83%) than the support at $30.97 (2.36%), 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 Origin Bancorp, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Origin Bancorp, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.002 Buy Candidate Upgraded
Predicted Opening Price for Origin Bancorp, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $31.48 ( 0.757%) | $31.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OBK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.26 | 1.70% |
| R2 | 31.96 | 0.763% |
| R1 | 31.78 | 0.183% |
| Price | 31.72 | |
| S1 | 31.18 | -1.70% |
| S2 | 31.00 | -2.28% |
| S3 | 30.70 | -3.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.17 | 4.57% |
| R2 | 32.59 | 2.74% |
| R1 | 32.30 | 1.83% |
| Price | 31.72 | |
| S1 | 30.97 | -2.36% |
| S2 | 29.70 | -6.37% |
| S3 | 28.79 | -9.24% |
OBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 14, 2024 | May 31, 2024 | $0.150 | 0.480% |
| 2 | Jan 24, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.150 | 0.503% |
| 3 | Oct 25, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.150 | 0.472% |
| 4 | Jul 26, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.150 | 0.489% |
| 5 | Apr 26, 2023 | May 12, 2023 | May 31, 2023 | $0.150 | 0.527% |
FAQ
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