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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SBNY
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Volatile ride for Signature Bank stock price on Friday moving between $1.84 and $2.04
(Updated on Jun 21, 2024)

Sell candidate since May 31, 2024 Loss -16.73% PDF

The Signature Bank stock price gained 2.51% on the last trading day (Friday, 21st Jun 2024), rising from $1.99 to $2.04. During the last trading day the stock fluctuated 10.87% from a day low at $1.84 to a day high of $2.04. The price has been going up and down for this period, and there has been a -2.86% loss for the last 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 30 thousand shares were bought and sold for approximately $61.71 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.65 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.32% during the next 3 months and, with a 90% probability hold a price between $1.48 and $3.51 at the end of this 3-month period.

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SBNY Signals & Forecast

There are few to no technical positive signals at the moment. The Signature Bank stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.92. On a fall, the stock will find some support from the short-term average at $1.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -49.63%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Signature Bank stock

Signature Bank finds support from accumulated volume at $1.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.200 between high and low, or 10.87%. For the last week the stock has had daily average volatility of 8.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SBNY) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Signature Bank to open at $1.97, and during the day (based on 14 day Average True Range), to move between $1.59 and $2.49, which gives a possible trading interval of +/-$0.450 (+/-22.06%) up or down from last closing price. If Signature Bank takes out the full calculated possible swing range there will be an estimated 44.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.99 (2.45%) than the resistance at $2.30 (12.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Signature Bank stock A Buy?

Signature Bank holds several negative signals and is within a very wide and 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 Sell to a Strong Sell candidate.

Current score: -6.247 Strong Sell Candidate Downgraded

Predicted Opening Price for Signature Bank of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$1.97 ( 3.27%) $2.04

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

Trading levels for SBNY

Fibonacci Support & Resistance Levels

Level Price
R3 2.17 6.54%
R2 2.10 2.79%
R1 2.05 0.477%
Price 2.04
S1 1.90 -7.01%
S2 1.85 -9.33%
S3 1.77 -13.07%

Accumulated Volume Support & Resistance Levels

Level Price
R3 2.45 20.10%
R2 2.40 17.65%
R1 2.30 12.75%
Price 2.04
S1 1.99 -2.45%
S2 1.95 -4.41%
S3 1.75 -14.22%

SBNY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 17, 2023 Jan 26, 2023 Feb 10, 2023 $0.700 0.539%
2 Oct 18, 2022 Oct 27, 2022 Nov 10, 2022 $0.560 0.397%
3 Jul 19, 2022 Jul 28, 2022 Aug 12, 2022 $0.560 0.271%
4 Apr 19, 2022 Apr 28, 2022 May 13, 2022 $0.560 0.278%
5 Jan 18, 2022 Jan 27, 2022 Feb 11, 2022 $0.560 0.166%

FAQ

What is the symbol for Signature Bank Stock and on which exchange is it traded?
The symbol for Signature Bank is SBNY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Signature Bank Stock?
Signature Bank holds several negative signals and is within a very wide and 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 Sell to a Strong Sell candidate.

How to buy Signature Bank Stock?
Signature Bank Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Signature Bank Stock.

What's the current price of Signature Bank Stock?
As of the end of day on the Jun 21, 2024, the price of an Signature Bank (SBNY) share was $2.04.

What is the 52-week high and low for Signature Bank Stock?
The 52-week high for Signature Bank Stock is $4.10 and the 52-week low is $0.0003.

What is the market capitalization of Signature Bank Stock?
As of the Jun 21, 2024, the market capitalization of Signature Bank is 128.467M.
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About Signature Bank

Signature Bank Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and inve... SBNY Profile

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