Private Bancorp of America, 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
Private Bancorp of America, Inc. stock price up 2.27% on Wednesday
(Updated on Jun 05, 2024)
The Private Bancorp of America, Inc. stock price gained 2.27% on the last trading day (Wednesday, 5th Jun 2024), rising from $35.20 to $36.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.86% from a day low at $35.00 to a day high of $36.00. The price has risen in 7 of the last 10 days and is up by 5.88% 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, 2 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $203.00 thousand.
Given the current horizontal trend, you can expect Private Bancorp of America, Inc. stock with a 90% probability to be traded between $33.64 and $35.75 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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 buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.75 and $34.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 6.10%. 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). Private Bancorp of America, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Friday, May 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Private Bancorp of America, Inc. stock
Private Bancorp of America, Inc. finds support from accumulated volume at $34.25 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 $1.00 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 2.05%.
The Private Bancorp of America, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Private Bancorp of America, Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $34.83 (-3.24%) (This stock has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (PBAM) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect Private Bancorp of America, Inc. to open at $35.67, and during the day (based on 14 day Average True Range), to move between $35.54 and $36.46, which gives a possible trading interval of +/-$0.460 (+/-1.28%) 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 2.56% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.25, some $1.75 (4.86%) from the current price of $36.00, our system finds the risk reward attractive.
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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Private Bancorp of America, Inc. of Thursday, June 6, 2024
| Fair opening price June 6, 2024 | Current price |
|---|---|
| $35.67 ( 0.93%) | $36.00 |
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 | |
|---|---|---|
| R3 | 36.67 | 1.85% |
| R2 | 36.28 | 0.791% |
| R1 | 36.05 | 0.135% |
| Price | 36.00 | |
| S1 | 35.28 | -1.99% |
| S2 | 35.05 | -2.64% |
| S3 | 34.67 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 36.00 | |
| S1 | 34.25 | -4.86% |
| S2 | 34.05 | -5.42% |
| S3 | 34.00 | -5.56% |
FAQ
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