Sound Financial Bancorp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Sound Financial Bancorp stock after gaining 0.0510%
(Updated on May 07, 2024)
The Sound Financial Bancorp stock price gained 0.0510% on the last trading day (Tuesday, 7th May 2024), rising from $39.24 to $39.26. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at $39.26 to a day high of $39.26. The price has risen in 5 of the last 10 days but is still down by -0.86% for this period. Volume fell on the last day by -86 shares and in total, 414 shares were bought and sold for approximately $16.25 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 is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $39.18 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Sound Financial Bancorp stock with a 90% probability to be traded between $39.39 and $41.75 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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SFBC Signals & Forecast
The Sound Financial Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $39.44 and $40.20. A break-up above any of these levels will issue buy signals. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.281%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Sound Financial Bancorp stock
Sound Financial Bancorp finds support from accumulated volume at $39.20 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0.0306%
Our recommended stop-loss: $36.98 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (SFBC) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Sound Financial Bancorp to open at $39.26, and during the day (based on 14 day Average True Range), to move between $39.07 and $39.45, which gives a possible trading interval of +/-$0.191 (+/-0.49%) up or down from last closing price. If Sound Financial Bancorp takes out the full calculated possible swing range there will be an estimated 0.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.20 (0.15%) than the resistance at $39.60 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sound Financial Bancorp stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.101 Buy Candidate Unchanged
Predicted Opening Price for Sound Financial Bancorp of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $39.26 ( 0%) | $39.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFBC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.26 | . | |
| R2 | 39.26 | . | ||
| R1 | 39.26 | . | ||
| Current price: | 39.26 | |||
| Support | S1 | 39.26 | . | |
| S2 | 39.26 | . | ||
| S3 | 39.26 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.25 | 2.52 % | |
| R2 | 39.75 | 1.25 % | ||
| R1 | 39.60 | 0.87 % | ||
| Current price | 39.26 | |||
| Support | S1 | 39.20 | -0.153% | |
| S2 | 39.15 | -0.280% | ||
| S3 | 39.10 | -0.408% |
SFBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | May 07, 2024 | May 22, 2024 | $0.190 | 0.484% |
| 2 | Jan 26, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.190 | 0.478% |
| 3 | Oct 24, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.190 | 0.528% |
| 4 | Jul 25, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.190 | 0.508% |
| 5 | Apr 24, 2023 | May 09, 2023 | May 24, 2023 | $0.190 | 0.508% |
FAQ
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