S&T Bancorp Stock Forecast
Green day on Tuesday for S&T Bancorp stock after gaining 0.91%
(Updated on Jul 02, 2024)
The S&T Bancorp stock price gained 0.91% on the last trading day (Tuesday, 2nd Jul 2024), rising from $33.12 to $33.42. During the last trading day the stock fluctuated 1.84% from a day low at $32.92 to a day high of $33.53. The price has risen in 7 of the last 10 days and is up by 7.46% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 103 thousand shares were bought and sold for approximately $3.45 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 upper part of a wide and weak rising 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 $33.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.55% during the next 3 months and, with a 90% probability hold a price between $32.06 and $35.85 at the end of this 3-month period.
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STBA Signals & Forecast
Mostly positive signals in the chart today. The S&T Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $32.60 and $31.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 11.18%. 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). 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.
Support, Risk & Stop-loss for S&T Bancorp stock
S&T Bancorp finds support from accumulated volume at $32.47 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 $0.605 between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: $32.42 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (STBA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect S&T Bancorp to open at $33.29, and during the day (based on 14 day Average True Range), to move between $32.67 and $34.17, which gives a possible trading interval of +/-$0.751 (+/-2.25%) up or down from last closing price. If S&T Bancorp takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $32.47, some $0.95 (2.84%) from the current price of $33.42, our system finds the risk reward attractive.
Is S&T Bancorp 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 S&T Bancorp stock to perform well in the short-term.
Current score: 3.709 Buy Candidate Unchanged
Predicted Opening Price for S&T Bancorp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $33.29 ( 0.394%) | $33.42 |
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 | |
|---|---|---|
| R3 | 33.89 | 1.42% |
| R2 | 33.66 | 0.725% |
| R1 | 33.52 | 0.298% |
| Price | 33.42 | |
| S1 | 33.06 | -1.09% |
| S2 | 32.91 | -1.51% |
| S3 | 32.68 | -2.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 33.42 | |
| S1 | 32.47 | -2.84% |
| S2 | 31.13 | -6.85% |
| S3 | 30.89 | -7.57% |
STBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 23, 2024 | $0.330 | 1.02% |
| 2 | Jan 24, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.330 | 1.07% |
| 3 | Oct 25, 2023 | Nov 08, 2023 | Nov 24, 2023 | $0.330 | 1.17% |
| 4 | Jul 26, 2023 | Aug 09, 2023 | Aug 24, 2023 | $0.320 | 1.12% |
| 5 | Apr 26, 2023 | May 10, 2023 | May 25, 2023 | $0.320 | 1.17% |
FAQ
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