RBB Bancorp Stock Forecast
A very strong day for RBB Bancorp stock price on Friday
(Updated on Apr 19, 2024)
The RBB Bancorp stock price gained 5.19% on the last trading day (Friday, 19th Apr 2024), rising from $16.95 to $17.83. During the last trading day the stock fluctuated 6.09% from a day low at $16.82 to a day high of $17.85. The price has been going up and down for this period, and there has been a 2.12% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately $1.03 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $17.76, a level that may pose a second chance to hit a runner. According to fan-theory $19.41 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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RBB Signals & Forecast
The RBB Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $17.03 and $17.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.09%. Further rise is indicated until a new top pivot has been found. RBB Bancorp 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 5.38% to $18.79 within 34 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for RBB Bancorp stock
RBB Bancorp finds support from accumulated volume at $17.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.03 (6.09%) between high and low. For the last week, the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: $17.13 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (RBB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect RBB Bancorp to open at $17.50, and during the day (based on 14 day Average True Range), to move between $17.32 and $18.34, which gives a possible trading interval of +/-$0.512 (+/-2.87%) up or down from last closing price. If RBB Bancorp takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.08 (1.40%) than the support at $17.31 (2.92%), 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
RBB Bancorp will release earnings AMC on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.350. We will update the financials statements for RBB Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.67% in the first trading day after earnings release.
Is RBB Bancorp stock A Buy?
RBB Bancorp 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: 0.884 Hold/Accumulate Unchanged
Predicted Opening Price for RBB Bancorp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $17.50 ( 1.86%) | $17.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.52 | 3.89 % | |
| R2 | 18.13 | 1.69 % | ||
| R1 | 17.89 | 0.336 % | ||
| Current price: | 17.83 | |||
| Support | S1 | 17.11 | -4.06 % | |
| S2 | 16.86 | -5.41 % | ||
| S3 | 16.47 | -7.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.49 | 3.70 % | |
| R2 | 18.44 | 3.42 % | ||
| R1 | 18.08 | 1.40 % | ||
| Current price | 17.83 | |||
| Support | S1 | 17.31 | -2.92% | |
| S2 | 17.22 | -3.42% | ||
| S3 | 17.16 | -3.76% |
RBB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Feb 09, 2024 | $0.160 | 0.90% |
| 2 | Oct 19, 2023 | Oct 27, 2023 | Nov 10, 2023 | $0.160 | 1.18% |
| 3 | Jul 20, 2023 | Jul 28, 2023 | Aug 11, 2023 | $0.160 | 1.11% |
| 4 | Apr 20, 2023 | Apr 28, 2023 | May 12, 2023 | $0.160 | 1.67% |
| 5 | Jan 19, 2023 | Jan 27, 2023 | Feb 10, 2023 | $0.160 | 0.796% |
FAQ
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