Pioneer Bancorp, Inc. Stock Forecast
Pioneer Bancorp, Inc. stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Pioneer Bancorp, Inc. stock price gained 1.06% on the last trading day (Tuesday, 2nd Jul 2024), rising from $10.39 to $10.50. During the last trading day the stock fluctuated 4.52% from a day low at $10.17 to a day high of $10.63. The price has been going up and down for this period, and there has been a 6.6% gain for the last 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 28 thousand shares were bought and sold for approximately $297.51 thousand. 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 in the middle of a wide and strong 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 15.54% during the next 3 months and, with a 90% probability hold a price between $11.25 and $12.83 at the end of this 3-month period.
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PBFS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -2.23%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 $10.18 and $9.92. A breakdown below any of these levels will issue sell signals. 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 $10.01 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.460 between high and low, or 4.52%. For the last week the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: $10.05 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (PBFS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pioneer Bancorp, Inc. to open at $10.43, and during the day (based on 14 day Average True Range), to move between $10.20 and $10.80, which gives a possible trading interval of +/-$0.300 (+/-2.86%) up or down from last closing price. If Pioneer Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.64 (1.33%) than the support at $10.01 (4.67%), 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 and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.898 Strong Buy Candidate Upgraded
Predicted Opening Price for Pioneer Bancorp, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $10.43 ( 0.635%) | $10.50 |
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 | |
|---|---|---|
| R3 | 10.89 | 3.75% |
| R2 | 10.72 | 2.07% |
| R1 | 10.61 | 1.04% |
| Price | 10.50 | |
| S1 | 10.26 | -2.31% |
| S2 | 10.15 | -3.34% |
| S3 | 9.97 | -5.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 10.74 | 2.29% |
| R1 | 10.64 | 1.33% |
| Price | 10.50 | |
| S1 | 10.01 | -4.67% |
| S2 | 9.86 | -6.10% |
| S3 | 9.85 | -6.19% |
FAQ
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