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AI Analysis of PBAM
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Private Bancorp of America, Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)

Buy or Hold candidate since May 02, 2024 Loss -0.29% PDF

The Private Bancorp of America, Inc. stock price fell by -0.437% on the last day (Friday, 10th May 2024) from $34.35 to $34.20. During the last trading day the stock fluctuated 3.18% from a day low at $33.91 to a day high of $34.99. The price has been going up and down for this period, and there has been a -0.23% loss for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 thousand shares were bought and sold for approximately $289.13 thousand.

The stock lies in the middle of a 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 -4.68% during the next 3 months and, with a 90% probability hold a price between $31.91 and $33.60 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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PBAM Signals & Forecast

The Private Bancorp of America, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $34.27. On a fall, the stock will find some support from the long-term average at approximately $34.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.647%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Private Bancorp of America, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Private Bancorp of America, Inc. stock

Private Bancorp of America, Inc. finds support from accumulated volume at $34.15 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 $1.08 between high and low, or 3.18%. For the last week the stock has had daily average volatility of 1.59%.

Our recommended stop-loss: $32.48 (-5.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (PBAM) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Private Bancorp of America, Inc. to open at $34.37, and during the day (based on 14 day Average True Range), to move between $33.83 and $34.57, which gives a possible trading interval of +/-$0.374 (+/-1.09%) up or down from last closing price. If Private Bancorp of America, Inc. takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $34.25 (0.15%) than the support at $34.15 (0.15%), 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 Private Bancorp of America, Inc. stock A Buy?

Private Bancorp of America, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.297 Hold/Accumulate Downgraded

Predicted Opening Price for Private Bancorp of America, Inc. of Monday, May 13, 2024

Fair opening price May 13, 2024 Current price
$34.37 ( 0.487%) $34.20

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PBAM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.45 3.65 %
R2 35.03 2.44 %
R1 34.78 1.69 %
Current price: 34.20
Support S1 33.95 -0.719 %
S2 33.70 -1.46 %
S3 33.29 -2.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 35.35 3.36 %
R2 35.30 3.22 %
R1 34.25 0.146 %
Current price 34.20
Support S1 34.15 -0.146%
S2 34.05 -0.439%
S3 34.00 -0.585%

FAQ

What is the symbol for Private Bancorp of America, Inc. Stock and on which exchange is it traded?
The symbol for Private Bancorp of America, Inc. is PBAM and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Private Bancorp of America, Inc. Stock?
Private Bancorp of America, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Private Bancorp of America, Inc. Stock?
Private Bancorp of America, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Private Bancorp of America, Inc. Stock.

What's the current price of Private Bancorp of America, Inc. Stock?
As of the end of day on the May 10, 2024, the price of an Private Bancorp of America, Inc. (PBAM) share was $34.20.

What is the 52-week high and low for Private Bancorp of America, Inc. Stock?
The 52-week high for Private Bancorp of America, Inc. Stock is $36.90 and the 52-week low is $25.99.

What is the market capitalization of Private Bancorp of America, Inc. Stock?
As of the May 10, 2024, the market capitalization of Private Bancorp of America, Inc. is 193.306M.

When is the next earnings date for Private Bancorp of America, Inc.?
The upcoming earnings date for Private Bancorp of America, Inc. is Jul 19, 2024.
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About Private Bancorp of America, Inc.

Private Ban of America. Private Bancorp of America, Inc. operates as the bank holding company for CalPrivate Bank that provides banking products and services to individuals and businesses in California. The company's personal banking services include personal checking and savings, money market, certificate of deposit, and retirement accounts; personal credit lines and term loans; additional services, such as direct deposits, online banking, ATMs/debit cards, credit card... PBAM Profile

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