Plumas Bancorp Stock Forecast
Stronger technical forecast for Plumas Bancorp stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Plumas Bancorp stock price gained 3.52% on the last trading day (Wednesday, 27th Mar 2024), rising from $35.26 to $36.50. During the last trading day the stock fluctuated 0.440% from a day low at $36.34 to a day high of $36.50. The price has risen in 6 of the last 10 days and is up by 3.99% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 3 thousand shares were bought and sold for approximately $113.59 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.
Given the current short-term trend, the stock is expected to fall -14.26% during the next 3 months and, with a 90% probability hold a price between $28.04 and $31.30 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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PLBC Signals & Forecast
The Plumas Bancorp 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 $35.38 and $34.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 8.96%. 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. 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.
Support, Risk & Stop-loss for Plumas Bancorp stock
Plumas Bancorp finds support from accumulated volume at $35.06 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 therefore the general risk is considered very 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 $0.160 between high and low, or 0.440%. For the last week the stock has had daily average volatility of 1.32%
Our recommended stop-loss: $35.32 (-3.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (PLBC) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Plumas Bancorp to open at $36.45, and during the day (based on 14 day Average True Range), to move between $35.68 and $37.32, which gives a possible trading interval of +/-$0.82 (+/-2.24%) up or down from last closing price. If Plumas Bancorp takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.44 (2.58%) than the support at $35.06 (3.95%), 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 Plumas Bancorp stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.667 Buy Candidate Upgraded
Predicted Opening Price for Plumas Bancorp of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$36.45 ( 0.146%) | $36.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLBC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.61 | 0.292 % | |
R2 | 36.55 | 0.125 % | ||
R1 | 36.51 | 0.0213 % | ||
Current price: | 36.50 | |||
Support | S1 | 36.39 | -0.314 % | |
S2 | 36.35 | -0.417 % | ||
S3 | 36.29 | -0.584 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.92 | 3.89 % | |
R2 | 37.60 | 3.01 % | ||
R1 | 37.44 | 2.58 % | ||
Current price | 36.50 | |||
Support | S1 | 35.06 | -3.95% | |
S2 | 34.11 | -6.55% | ||
S3 | 33.50 | -8.22% |
PLBC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 17, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.270 | 0.739% |
2 | Oct 19, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.250 | 0.737% |
3 | Jul 19, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.250 | 0.750% |
4 | Apr 19, 2023 | Apr 28, 2023 | May 15, 2023 | $0.250 | 0.756% |
5 | Jan 19, 2023 | Jan 31, 2023 | Feb 15, 2023 | $0.250 | 0.568% |
FAQ
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