Pioneer Bancorp, Inc. Stock Forecast
Pioneer Bancorp, Inc. stock price ended at $9.31 on Monday, after gaining 0.649%.
(Updated on May 20, 2024)
The Pioneer Bancorp, Inc. stock price gained 0.649% on the last trading day (Monday, 20th May 2024), rising from $9.25 to $9.31. 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 2.40% from a day low at $9.09 to a day high of $9.31. The price has risen in 6 of the last 10 days and is up by 5.8% 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, 728 more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $55.79 thousand.
The stock lies in the middle of a wide and 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 -3.17% during the next 3 months and, with a 90% probability hold a price between $8.47 and $9.40 at the end of this 3-month period.
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PBFS Signals & Forecast
The Pioneer Bancorp, 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 $9.21 and $9.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 5.80%. 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). Pioneer Bancorp, 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, September 25, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Monday, September 25, 2023 in the long-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 Pioneer Bancorp, Inc. stock
Pioneer Bancorp, Inc. finds support from accumulated volume at $9.26 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 $0.218 between high and low, or 2.40%. For the last week the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: $8.87 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (PBFS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Pioneer Bancorp, Inc. to open at $9.24, and during the day (based on 14 day Average True Range), to move between $9.10 and $9.52, which gives a possible trading interval of +/-$0.210 (+/-2.25%) up or down from last closing price. If Pioneer Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.33 (0.21%) than the support at $9.26 (0.54%), 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 Pioneer Bancorp, Inc. stock A Buy?
Pioneer Bancorp, 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: 0.201 Hold/Accumulate Unchanged
Predicted Opening Price for Pioneer Bancorp, Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $9.24 ( 0.781%) | $9.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.46 | 1.56 % | |
| R2 | 9.37 | 0.667 % | ||
| R1 | 9.32 | 0.114 % | ||
| Current price: | 9.31 | |||
| Support | S1 | 9.15 | -1.68 % | |
| S2 | 9.10 | -2.23 % | ||
| S3 | 9.02 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.76 | 4.83 % | |
| R2 | 9.35 | 0.430 % | ||
| R1 | 9.33 | 0.215 % | ||
| Current price | 9.31 | |||
| Support | S1 | 9.26 | -0.537% | |
| S2 | 9.21 | -1.07% | ||
| S3 | 8.80 | -5.48% |
FAQ
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