Bank OZK Stock Forecast
Bank OZK stock price ended at $44.94 on Friday, after gaining 2.60%.
(Updated on Apr 19, 2024)
The Bank OZK stock price gained 2.60% on the last trading day (Friday, 19th Apr 2024), rising from $43.80 to $44.94. 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 2.71% from a day low at $43.84 to a day high of $45.03. The price has been going up and down for this period, and there has been a 1.72% gain for the last 2 weeks. Volume fell on the last day by -535 thousand shares and in total, 2 million shares were bought and sold for approximately $71.06 million. 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $45.38 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.33% during the next 3 months and, with a 90% probability hold a price between $38.34 and $43.41 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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OZK Signals & Forecast
The Bank OZK 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 $42.94 and $43.67. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.53%. 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).
Support, Risk & Stop-loss for Bank OZK stock
Bank OZK finds support from accumulated volume at $43.80 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 $1.19 between high and low, or 2.71%. For the last week, the stock has had daily average volatility of 3.25%.
Our recommended stop-loss: $43.20 (-3.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (OZK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Bank OZK to open at $44.60, and during the day (based on 14 day Average True Range), to move between $43.70 and $46.18, which gives a possible trading interval of +/-$1.24 (+/-2.76%) up or down from last closing price. If Bank OZK takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.11 (0.38%) than the support at $43.80 (2.54%), 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 Bank OZK stock A Buy?
Bank OZK holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.255 Hold/Accumulate Unchanged
Predicted Opening Price for Bank OZK of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $44.60 ( 0.749%) | $44.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OZK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.79 | 1.90 % | |
| R2 | 45.34 | 0.89 % | ||
| R1 | 45.06 | 0.262 % | ||
| Current price: | 44.94 | |||
| Support | S1 | 44.15 | -1.76 % | |
| S2 | 43.87 | -2.39 % | ||
| S3 | 43.41 | -3.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.30 | 9.70 % | |
| R2 | 48.82 | 8.63 % | ||
| R1 | 45.11 | 0.378 % | ||
| Current price | 44.94 | |||
| Support | S1 | 43.80 | -2.54% | |
| S2 | 42.62 | -5.16% | ||
| S3 | 42.42 | -5.61% |
OZK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 11, 2024 | Apr 19, 2024 | $0.390 | 0.87% |
| 2 | Jan 02, 2024 | Jan 12, 2024 | Jan 23, 2024 | $0.380 | 0.778% |
| 3 | Oct 02, 2023 | Oct 12, 2023 | Oct 20, 2023 | $0.370 | 1.04% |
| 4 | Jul 03, 2023 | Jul 13, 2023 | Jul 21, 2023 | $0.360 | 0.86% |
| 5 | Apr 03, 2023 | Apr 13, 2023 | Apr 21, 2023 | $0.350 | 0.99% |
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