Seacoast Banking Corporation of Florida Stock Forecast
Red day on Wednesday for Seacoast Banking Corporation of Florida stock after losing 1.90%
(Updated on Jul 03, 2024)
The Seacoast Banking Corporation of Florida stock price fell by -1.90% on the last day (Wednesday, 3rd Jul 2024) from $23.70 to $23.25. During the last trading day the stock fluctuated 2.02% from a day low at $23.25 to a day high of $23.72. The price has risen in 6 of the last 10 days and is up by 3.75% 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 -61 thousand shares and in total, 141 thousand shares were bought and sold for approximately $3.29 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.37% during the next 3 months and, with a 90% probability hold a price between $21.03 and $23.73 at the end of this 3-month period.
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SBCF Signals & Forecast
The Seacoast Banking Corporation of Florida 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 $23.24 and $23.14. 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 Tuesday, July 02, 2024, and so far it has fallen -1.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Seacoast Banking Corporation of Florida stock
Seacoast Banking Corporation of Florida finds support from accumulated volume at $23.18 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 $0.470 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: $22.29 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (SBCF) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Seacoast Banking Corporation of Florida to open at $23.41, and during the day (based on 14 day Average True Range), to move between $22.66 and $23.84, which gives a possible trading interval of +/-$0.587 (+/-2.52%) up or down from last closing price. If Seacoast Banking Corporation of Florida takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.18 (0.30%) than the resistance at $23.56 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Seacoast Banking Corporation of Florida stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.091 Buy Candidate Unchanged
Predicted Opening Price for Seacoast Banking Corporation of Florida of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $23.41 ( 0.674%) | $23.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBCF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.88 | 2.70% |
| R2 | 23.70 | 1.92% |
| R1 | 23.59 | 1.45% |
| Price | 23.25 | |
| S1 | 23.23 | -0.0984% |
| S2 | 23.12 | -0.575% |
| S3 | 22.94 | -1.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.01 | 3.27% |
| R2 | 23.64 | 1.68% |
| R1 | 23.56 | 1.33% |
| Price | 23.25 | |
| S1 | 23.18 | -0.301% |
| S2 | 22.79 | -1.98% |
| S3 | 22.47 | -3.35% |
SBCF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.180 | 0.761% |
| 2 | Apr 18, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.180 | 0.761% |
| 3 | Jan 18, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.180 | 0.709% |
| 4 | Oct 19, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.180 | 0.632% |
| 5 | Aug 06, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.180 | 0.82% |
FAQ
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