RBB Bancorp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
RBB Bancorp stock price up 1.29% on Thursday
(Updated on May 02, 2024)
The RBB Bancorp stock price gained 1.29% on the last trading day (Thursday, 2nd May 2024), rising from $17.89 to $18.12. During the last trading day the stock fluctuated 1.70% from a day low at $17.95 to a day high of $18.25. The price has been going up and down for this period, and there has been a 6.9% gain for the last 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 53 thousand shares were bought and sold for approximately $961.61 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 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 $16.89 and $18.91 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
The RBB 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 $18.03 and $17.50. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.05%. Further fall is indicated until a new bottom pivot has been found. 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.
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 3.70% to $18.79 within 34 trading days since signal was issued (Friday, May 03, 2024).
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.305 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: $17.44 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (RBB) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect RBB Bancorp to open at $18.11, and during the day (based on 14 day Average True Range), to move between $17.62 and $18.62, which gives a possible trading interval of +/-$0.499 (+/-2.75%) up or down from last closing price. If RBB Bancorp takes out the full calculated possible swing range there will be an estimated 5.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.26 (0.77%) than the support at $17.83 (1.60%), 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: 2.949 Buy Candidate Unchanged
Predicted Opening Price for RBB Bancorp of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $18.11 ( 0.0828%) | $18.12 |
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 | 18.41 | 1.60 % | |
| R2 | 18.29 | 0.96 % | ||
| R1 | 18.22 | 0.560 % | ||
| Current price: | 18.12 | |||
| Support | S1 | 17.99 | -0.726 % | |
| S2 | 17.92 | -1.12 % | ||
| S3 | 17.80 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.50 | 2.10 % | |
| R2 | 18.49 | 2.04 % | ||
| R1 | 18.26 | 0.773 % | ||
| Current price | 18.12 | |||
| Support | S1 | 17.83 | -1.60% | |
| S2 | 17.22 | -4.97% | ||
| S3 | 17.16 | -5.30% |
RBB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 30, 2024 | May 13, 2024 | $0.160 | 0.88% |
| 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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