Republic Bancorp Stock Forecast
Republic Bancorp stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The Republic Bancorp stock price fell by -0.280% on the last day (Wednesday, 24th Apr 2024) from $49.97 to $49.83. During the last trading day the stock fluctuated 2.74% from a day low at $48.50 to a day high of $49.83. The price has fallen in 7 of the last 10 days but is still up by 2.3% over the past 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 22 thousand shares were bought and sold for approximately $1.08 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $50.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.16% during the next 3 months and, with a 90% probability hold a price between $43.20 and $47.62 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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RBCAA Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.29%. 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). Republic Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Republic 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 $48.63 and $49.11. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Republic Bancorp stock
Republic Bancorp finds support from accumulated volume at $49.37 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 $1.33 (2.74%) between high and low. For the last week, the stock has had daily average volatility of 3.47%.
Our recommended stop-loss: $48.28 (-3.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (RBCAA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Republic Bancorp to open at $49.39, and during the day (based on 14 day Average True Range), to move between $48.38 and $51.28, which gives a possible trading interval of +/-$1.45 (+/-2.91%) up or down from last closing price. If Republic Bancorp takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.99 (0.32%) than the support at $49.37 (0.92%), 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.
Is Republic Bancorp stock A Buy?
The stock is within a wide and falling trend and holds several negative signals that may affect the stock in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.054 Buy Candidate Upgraded
Predicted Opening Price for Republic Bancorp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $49.39 ( 0.89%) | $49.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBCAA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.72 | 1.78 % | |
| R2 | 50.21 | 0.760 % | ||
| R1 | 49.89 | 0.130 % | ||
| Current price: | 49.83 | |||
| Support | S1 | 48.88 | -1.91 % | |
| S2 | 48.56 | -2.54 % | ||
| S3 | 48.06 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.32 | 7.00 % | |
| R2 | 51.31 | 2.97 % | ||
| R1 | 49.99 | 0.321 % | ||
| Current price | 49.83 | |||
| Support | S1 | 49.37 | -0.92% | |
| S2 | 48.83 | -2.01% | ||
| S3 | 48.07 | -3.53% |
RBCAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Mar 14, 2024 | Apr 19, 2024 | $0.407 | 0.82% |
| 2 | Nov 15, 2023 | Dec 14, 2023 | Jan 19, 2024 | $0.374 | 0.737% |
| 3 | Jul 19, 2023 | Sep 14, 2023 | Oct 20, 2023 | $0.374 | 0.86% |
| 4 | May 17, 2023 | Jun 15, 2023 | Jul 21, 2023 | $0.374 | 0.81% |
| 5 | Jan 25, 2023 | Mar 16, 2023 | Apr 21, 2023 | $0.374 | 0.91% |
FAQ
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