Peoples Bancorp of North Carolina Stock Forecast
Peoples Bancorp of North Carolina stock price up 0.255% on Wednesday
(Updated on Apr 17, 2024)
The Peoples Bancorp of North Carolina stock price gained 0.255% on the last trading day (Wednesday, 17th Apr 2024), rising from $27.48 to $27.55. During the last trading day the stock fluctuated 1.10% from a day low at $27.35 to a day high of $27.65. The price has fallen in 5 of the last 10 days and is down by -0.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $247.79 thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $27.88 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Peoples Bancorp of North Carolina stock with a 90% probability to be traded between $23.35 and $27.56 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.
PEBK Signals & Forecast
Peoples Bancorp of North Carolina 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Peoples Bancorp of North Carolina stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $27.67 and $27.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -1.40%. 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 Peoples Bancorp of North Carolina stock
Peoples Bancorp of North Carolina finds support from accumulated volume at $26.50 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 $0.300 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 0.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEBK) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Peoples Bancorp of North Carolina to open at $27.52, and during the day (based on 14 day Average True Range), to move between $27.22 and $27.88, which gives a possible trading interval of +/-$0.328 (+/-1.19%) up or down from last closing price. If Peoples Bancorp of North Carolina takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.60 (0.18%) than the support at $26.50 (3.81%), 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.
Earnings coming up
Peoples Bancorp of North Carolina will release earnings BMO on Monday, April 22, 2024. We will update the financials statements for Peoples Bancorp of North Carolina, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.63% in the first trading day after earnings release.
Is Peoples Bancorp of North Carolina stock A Buy?
Peoples Bancorp of North Carolina holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.480 Sell Candidate Unchanged
Predicted Opening Price for Peoples Bancorp of North Carolina of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $27.52 ( 0.121%) | $27.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.82 | 0.97 % | |
| R2 | 27.70 | 0.552 % | ||
| R1 | 27.63 | 0.295 % | ||
| Current price: | 27.55 | |||
| Support | S1 | 27.40 | -0.537 % | |
| S2 | 27.33 | -0.794 % | ||
| S3 | 27.22 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.85 | 1.09 % | |
| R2 | 27.70 | 0.544 % | ||
| R1 | 27.60 | 0.181 % | ||
| Current price | 27.55 | |||
| Support | S1 | 26.50 | -3.81% | |
| S2 | 25.85 | -6.17% | ||
| S3 | 24.60 | -10.71% |
PEBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 01, 2024 | Apr 15, 2024 | $0.190 | 0.691% |
| 2 | Jan 18, 2024 | Feb 02, 2024 | Feb 16, 2024 | $0.160 | 0.653% |
| 3 | Nov 16, 2023 | Dec 01, 2023 | Dec 15, 2023 | $0.190 | 0.697% |
| 4 | Aug 17, 2023 | Sep 01, 2023 | Sep 15, 2023 | $0.190 | 0.83% |
| 5 | May 18, 2023 | Jun 01, 2023 | Jun 15, 2023 | $0.190 | 0.94% |
FAQ
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