Signature Bank Stock Forecast
Big movements in Signature Bank stock price on Wednesday moving 16.36% between high and low
(Updated on May 01, 2024)
No changes to the price of Signature Bank stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 16.36% from a day low at $2.75 to a day high of $3.20. The price has fallen in 5 of the last 10 days and is down by -6.06% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 161.40% during the next 3 months and, with a 90% probability hold a price between $7.85 and $10.21 at the end of this 3-month period.
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SBNY Signals & Forecast
The Signature Bank stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.28. On a fall, the stock will find some support from the long-term average at approximately $2.82. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Friday, April 19, 2024, and so far it has fallen -13.65%. 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 Signature Bank stock
Signature Bank finds support from accumulated volume at $3.05 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.450 between high and low, or 16.36%. For the last week, the stock has had daily average volatility of 19.21%.
Our recommended stop-loss: $2.91 (-6.10%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (SBNY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Signature Bank to open at $3.02, and during the day (based on 14 day Average True Range), to move between $2.53 and $3.67, which gives a possible trading interval of +/-$0.570 (+/-18.38%) up or down from last closing price. If Signature Bank takes out the full calculated possible swing range there will be an estimated 36.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.05 (1.61%) than the resistance at $3.30 (6.45%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Signature Bank stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.897 Buy Candidate Upgraded
Predicted Opening Price for Signature Bank of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$3.02 ( 2.69%) | $3.10 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 3.47 | 11.83 % | |
R2 | 3.29 | 6.28 % | ||
R1 | 3.19 | 2.86 % | ||
Current price: | 3.10 | |||
Support | S1 | 2.84 | -8.23 % | |
S2 | 2.74 | -11.66 % | ||
S3 | 2.57 | -17.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.52 | 13.55 % | |
R2 | 3.45 | 11.29 % | ||
R1 | 3.30 | 6.45 % | ||
Current price | 3.10 | |||
Support | S1 | 3.05 | -1.61% | |
S2 | 2.55 | -17.74% | ||
S3 | 2.35 | -24.19% |
SBNY Dividend Payout History
# | 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
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