Brompton Split Banc Corp. Class A Stock Forecast
Weaker technical forecast for Brompton Split Banc Corp. Class A as stock downgraded to Sell Candidate.
(Updated on Jun 05, 2024)
The Brompton Split Banc Corp. Class A stock price gained 0.333% on the last trading day (Wednesday, 5th Jun 2024), rising from $9.01 to $9.04. During the last trading day the stock fluctuated 1.11% from a day low at $9.01 to a day high of $9.11. The price has fallen in 7 of the last 10 days and is down by -2.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $128.49 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Brompton Split Banc Corp. Class A stock with a 90% probability to be traded between $8.93 and $9.57 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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SBC.TO Signals & Forecast
Brompton Split Banc Corp. Class A 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brompton Split Banc Corp. Class A stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.10 and $9.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -2.59%. 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).
Support, Risk & Stop-loss for Brompton Split Banc Corp. Class A stock
Brompton Split Banc Corp. Class A finds support from accumulated volume at $9.00 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 $0.1000 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBC.TO) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect Brompton Split Banc Corp. Class A to open at $9.05, and during the day (based on 14 day Average True Range), to move between $8.93 and $9.15, which gives a possible trading interval of +/-$0.114 (+/-1.26%) up or down from last closing price. If Brompton Split Banc Corp. Class A takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.00 (0.44%) than the resistance at $9.08 (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brompton Split Banc Corp. Class A stock A Buy?
Brompton Split Banc Corp. Class A holds several negative signals and is within a falling trend, so we believe 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 Hold/Accumulate to a Sell candidate.
Current score: -1.445 Sell Candidate Downgraded
Predicted Opening Price for Brompton Split Banc Corp. Class A of Thursday, June 6, 2024
| Fair opening price June 6, 2024 | Current price |
|---|---|
| $9.05 ( 0.147%) | $9.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBC.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.15 | 1.25% |
| R2 | 9.12 | 0.83% |
| R1 | 9.09 | 0.570% |
| Price | 9.04 | |
| S1 | 9.02 | -0.275% |
| S2 | 8.99 | -0.536% |
| S3 | 8.95 | -0.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.12 | 0.88% |
| R2 | 9.10 | 0.664% |
| R1 | 9.08 | 0.442% |
| Price | 9.04 | |
| S1 | 9.00 | -0.442% |
| S2 | 8.94 | -1.11% |
| S3 | 8.93 | -1.22% |
SBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.100 | 1.08% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.100 | 1.11% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.100 | 1.14% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
FAQ
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