S&T Bancorp Stock Forecast
S&T Bancorp stock downgraded to Hold/Accumulate
(Updated on Apr 24, 2024)
The S&T Bancorp stock price gained 0.385% on the last trading day (Wednesday, 24th Apr 2024), rising from $31.15 to $31.27. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.85% from a day low at $30.73 to a day high of $31.30. The price has risen in 7 of the last 10 days and is up by 6.07% over the past 2 weeks. Volume fell on the last day by -33 thousand shares and in total, 152 thousand shares were bought and sold for approximately $4.76 million. 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 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 -8.32% during the next 3 months and, with a 90% probability hold a price between $26.49 and $30.35 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.
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STBA Signals & Forecast
The S&T Bancorp 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 $30.20 and $30.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for S&T Bancorp stock
S&T Bancorp finds support from accumulated volume at $31.15 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 $0.570 between high and low, or 1.85%. For the last week, the stock has had daily average volatility of 3.11%.
Since the S&T Bancorp has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $30.19 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (STBA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect S&T Bancorp to open at $31.10, and during the day (based on 14 day Average True Range), to move between $30.45 and $32.09, which gives a possible trading interval of +/-$0.82 (+/-2.61%) up or down from last closing price. If S&T Bancorp takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.15 (0.38%) than the resistance at $31.45 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is S&T Bancorp stock A Buy?
S&T Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.893 Hold/Accumulate Downgraded
Predicted Opening Price for S&T Bancorp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $31.10 ( 0.544%) | $31.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STBA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.67 | 1.28 % | |
| R2 | 31.45 | 0.583 % | ||
| R1 | 31.32 | 0.153 % | ||
| Current price: | 31.27 | |||
| Support | S1 | 30.88 | -1.24 % | |
| S2 | 30.75 | -1.67 % | ||
| S3 | 30.53 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.01 | 15.16 % | |
| R2 | 32.04 | 2.46 % | ||
| R1 | 31.45 | 0.576 % | ||
| Current price | 31.27 | |||
| Support | S1 | 31.15 | -0.384% | |
| S2 | 31.01 | -0.83% | ||
| S3 | 30.42 | -2.72% |
STBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.330 | 1.07% |
| 2 | Oct 25, 2023 | Nov 08, 2023 | Nov 24, 2023 | $0.330 | 1.17% |
| 3 | Jul 26, 2023 | Aug 09, 2023 | Aug 24, 2023 | $0.320 | 1.12% |
| 4 | Apr 26, 2023 | May 10, 2023 | May 25, 2023 | $0.320 | 1.17% |
| 5 | Jan 25, 2023 | Feb 09, 2023 | Feb 23, 2023 | $0.320 | 0.85% |
FAQ
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