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 SHBI
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Shore Bancshares Inc stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Shore Bancshares Inc stock price gained 2.70% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.10 to $11.40. During the last trading day the stock fluctuated 2.61% from a day low at $11.11 to a day high of $11.40. The price has been going up and down for this period, and there has been a 1.51% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 106 thousand shares were bought and sold for approximately $1.21 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.80% during the next 3 months and, with a 90% probability hold a price between $8.08 and $9.11 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SHBI Signals & Forecast

Mostly positive signals in the chart today. The Shore Bancshares Inc 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 $11.16 and $11.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 6.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Shore Bancshares Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Shore Bancshares Inc stock

Shore Bancshares Inc finds support from accumulated volume at $11.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.290 (2.61%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.

Our recommended stop-loss: $10.91 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (SHBI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Shore Bancshares Inc to open at $11.30, and during the day (based on 14 day Average True Range), to move between $11.06 and $11.74, which gives a possible trading interval of +/-$0.338 (+/-2.97%) up or down from last closing price. If Shore Bancshares Inc takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.56 (1.40%) than the support at $11.10 (2.63%), 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 Shore Bancshares Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.271 Buy Candidate Upgraded

Predicted Opening Price for Shore Bancshares Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.30 ( 0.85%) $11.40

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

Trading levels for SHBI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.59 1.70 %
R2 11.48 0.724 %
R1 11.41 0.124 %
Current price: 11.40
Support S1 11.19 -1.82 %
S2 11.12 -2.42 %
S3 11.01 -3.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.64 19.65 %
R2 11.66 2.28 %
R1 11.56 1.40 %
Current price 11.40
Support S1 11.10 -2.63%
S2 11.02 -3.33%
S3 10.78 -5.44%

SHBI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 02, 2024 Feb 09, 2024 Feb 29, 2024 $0.120 1.06%
2 Nov 07, 2023 Nov 16, 2023 Nov 30, 2023 $0.120 1.01%
3 Jul 25, 2023 Aug 03, 2023 Aug 31, 2023 $0.120 1.08%
4 May 03, 2023 May 11, 2023 Aug 31, 2023 $0.120 1.08%
5 Feb 08, 2023 Feb 16, 2023 Feb 28, 2023 $0.120 0.703%

FAQ

What is the symbol for Shore Bancshares Inc Stock and on which exchange is it traded?
The symbol for Shore Bancshares Inc is SHBI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Shore Bancshares Inc Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Shore Bancshares Inc Stock?
As of the end of day on the 2024-03-27, the price of an Shore Bancshares Inc (SHBI) share was $11.40.

What is the 52-week high and low for Shore Bancshares Inc Stock?
The 52-week high for Shore Bancshares Inc Stock is $14.65 and the 52-week low is $9.66.

What is the market capitalization of Shore Bancshares Inc Stock?
As of the 2024-03-27, the market capitalization of Shore Bancshares Inc is 367.917M.

When is the next earnings date for Shore Bancshares Inc?
The upcoming earnings date for Shore Bancshares Inc is Apr 25, 2024.
Click to get the best stock tips daily for free!

About Shore Bancshares Inc

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services. The company also provides commercial loans, such as ... SHBI Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT