ServisFirst Bancshares 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 Friday for ServisFirst Bancshares stock after gaining 2.00%
(Updated on May 03, 2024)
The ServisFirst Bancshares stock price gained 2.00% on the last trading day (Friday, 3rd May 2024), rising from $61.60 to $62.83. 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 1.35% from a day low at $62.13 to a day high of $62.97. The price has risen in 6 of the last 10 days and is up by 4.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 105 thousand shares were bought and sold for approximately $6.61 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 -2.90% during the next 3 months and, with a 90% probability hold a price between $56.78 and $63.67 at the end of this 3-month period.
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SFBS Signals & Forecast
The ServisFirst Bancshares stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $60.72 and $62.04. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 24, 2024, and so far it has fallen -0.333%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ServisFirst Bancshares stock
ServisFirst Bancshares finds support from accumulated volume at $62.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.84 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SFBS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ServisFirst Bancshares to open at $62.64, and during the day (based on 14 day Average True Range), to move between $60.78 and $64.88, which gives a possible trading interval of +/-$2.05 (+/-3.27%) up or down from last closing price. If ServisFirst Bancshares takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.87 (0.06%) than the support at $62.62 (0.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ServisFirst Bancshares stock A Buy?
ServisFirst Bancshares holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.410 Sell Candidate Unchanged
Predicted Opening Price for ServisFirst Bancshares of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $62.64 ( 0.297%) | $62.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFBS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.48 | 1.04 % | |
| R2 | 63.16 | 0.529 % | ||
| R1 | 62.96 | 0.214 % | ||
| Current price: | 62.83 | |||
| Support | S1 | 62.32 | -0.81 % | |
| S2 | 62.12 | -1.12 % | ||
| S3 | 61.80 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.59 | 4.39 % | |
| R2 | 64.45 | 2.58 % | ||
| R1 | 62.87 | 0.0637 % | ||
| Current price | 62.83 | |||
| Support | S1 | 62.62 | -0.334% | |
| S2 | 60.42 | -3.84% | ||
| S3 | 59.73 | -4.93% |
SFBS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 28, 2024 | Apr 09, 2024 | $0.300 | 0.458% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | $0 | 0% |
| 3 | Sep 18, 2023 | Sep 29, 2023 | Oct 10, 2023 | $0.280 | 0.524% |
| 4 | Jun 20, 2023 | Jun 30, 2023 | Jul 10, 2023 | $0.280 | 0.680% |
| 5 | Mar 20, 2023 | Mar 31, 2023 | Apr 10, 2023 | $0.280 | 0.536% |
FAQ
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