Richmond Mutual Bancorporation, Inc. Stock Forecast

Richmond Mutual Bancorporation, Inc. stock downgraded to Hold/Accumulate
(Updated on Apr 26, 2024)

RMBI Signals & Forecast

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. The Richmond Mutual Bancorporation, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.44 and $11.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -16.65%. Further fall is indicated until a new bottom pivot has been found. Richmond Mutual Bancorporation, Inc. 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".

Support, Risk & Stop-loss for Richmond Mutual Bancorporation, Inc. stock

Richmond Mutual Bancorporation, Inc. finds support from accumulated volume at $10.71 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.490 between high and low, or 4.53%. For the last week the stock has had daily average volatility of 3.03%.

Our recommended stop-loss: $10.23 (-5.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (RMBI) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Richmond Mutual Bancorporation, Inc. to open at $10.97, and during the day (based on 14 day Average True Range), to move between $10.39 and $11.23, which gives a possible trading interval of +/-$0.417 (+/-3.86%) up or down from last closing price. If Richmond Mutual Bancorporation, Inc. takes out the full calculated possible swing range there will be an estimated 7.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.71 (0.93%) than the resistance at $12.45 (15.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Richmond Mutual Bancorporation, Inc. stock A Buy?

Richmond Mutual Bancorporation, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.372 Hold/Accumulate Downgraded

Predicted Opening Price for Richmond Mutual Bancorporation, Inc. of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.