River Valley Community Bancorp Stock Forecast
Weaker technical forecast for River Valley Community Bancorp as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)
The River Valley Community Bancorp stock price fell by -1.10% on the last day (Friday, 17th May 2024) from $22.75 to $22.50. During the last trading day the stock fluctuated 0% from a day low at $22.50 to a day high of $22.50. The price has fallen in 4 of the last 10 days but is still up by 9.7% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 700 shares were bought and sold for approximately $15.75 thousand.
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 River Valley Community Bancorp stock with a 90% probability to be traded between $20.58 and $23.35 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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RVCB Signals & Forecast
The River Valley Community 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 $21.96 and $22.15. 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 Thursday, May 16, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -18.14% to $18.42 within 33 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for River Valley Community Bancorp stock
River Valley Community Bancorp finds support from accumulated volume at $21.50 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RVCB) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect River Valley Community Bancorp to open at $22.50, and during the day (based on 14 day Average True Range), to move between $22.14 and $22.86, which gives a possible trading interval of +/-$0.359 (+/-1.59%) up or down from last closing price. If River Valley Community Bancorp takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.73 (1.02%) than the support at $21.50 (4.44%), 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 River Valley Community Bancorp stock A Buy?
River Valley Community Bancorp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -2.494 Sell Candidate Downgraded
Predicted Opening Price for River Valley Community Bancorp of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $22.50 ( 0%) | $22.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RVCB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.50 | . | |
| R2 | 22.50 | . | ||
| R1 | 22.50 | . | ||
| Current price: | 22.50 | |||
| Support | S1 | 22.50 | . | |
| S2 | 22.50 | . | ||
| S3 | 22.50 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.00 | 2.22 % | |
| R2 | 22.98 | 2.13 % | ||
| R1 | 22.73 | 1.02 % | ||
| Current price | 22.50 | |||
| Support | S1 | 21.50 | -4.44% | |
| S2 | 21.20 | -5.78% | ||
| S3 | 20.30 | -9.78% |
RVCB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2014 | Apr 28, 2014 | May 20, 2014 | $0.224 | 2.30% |
| 2 | Nov 27, 2012 | Nov 27, 2012 | Nov 27, 2012 | $0.192 | 2.03% |
FAQ
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