RBB Bancorp Stock Forecast
Green day on Wednesday for RBB Bancorp
(Updated on May 01, 2024)
The RBB Bancorp stock price gained 0.732% on the last trading day (Wednesday, 1st May 2024), rising from $17.76 to $17.89. During the last trading day the stock fluctuated 1.97% from a day low at $17.76 to a day high of $18.11. The price has been going up and down for this period, and there has been a 7.45% 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, 24 thousand more shares were traded than the day before. In total, 59 thousand shares were bought and sold for approximately $1.05 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect RBB Bancorp stock with a 90% probability to be traded between $16.81 and $18.77 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.
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RBB Signals & Forecast
Mostly positive signals in the chart today. The RBB Bancorp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $18.05. On a fall, the stock will find some support from the long-term average at approximately $17.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.732%. 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). 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.
Support, Risk & Stop-loss for RBB Bancorp stock
RBB Bancorp finds support from accumulated volume at $17.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.350 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: $16.91 (-5.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (RBB) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect RBB Bancorp to open at $17.92, and during the day (based on 14 day Average True Range), to move between $17.38 and $18.40, which gives a possible trading interval of +/-$0.510 (+/-2.85%) up or down from last closing price. If RBB Bancorp takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.95 (0.34%) than the support at $17.83 (0.34%), 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 RBB Bancorp stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for RBB Bancorp stock to perform well in the short-term period.
Current score: 3.064 Buy Candidate Unchanged
Predicted Opening Price for RBB Bancorp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $17.92 ( 0.168%) | $17.89 |
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 | 18.27 | 2.12 % | |
| R2 | 18.14 | 1.38 % | ||
| R1 | 18.05 | 0.92 % | ||
| Current price: | 17.89 | |||
| Support | S1 | 17.79 | -0.580 % | |
| S2 | 17.70 | -1.04 % | ||
| S3 | 17.57 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.49 | 3.35 % | |
| R2 | 18.26 | 2.07 % | ||
| R1 | 17.95 | 0.335 % | ||
| Current price | 17.89 | |||
| Support | S1 | 17.83 | -0.335% | |
| S2 | 17.22 | -3.75% | ||
| S3 | 17.16 | -4.08% |
RBB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 30, 2024 | May 13, 2024 | $0.160 | 0.89% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 09, 2024 | $0.160 | 0.90% |
| 3 | Oct 19, 2023 | Oct 27, 2023 | Nov 10, 2023 | $0.160 | 1.18% |
| 4 | Jul 20, 2023 | Jul 28, 2023 | Aug 11, 2023 | $0.160 | 1.11% |
| 5 | Apr 20, 2023 | Apr 28, 2023 | May 12, 2023 | $0.160 | 1.67% |
FAQ
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