A very strong day for Territorial Bancorp Inc. stock price on Wednesday
(Updated on Nov 29, 2023)
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Given the current short-term trend, the stock is expected to fall -29.31% during the next 3 months and, with a 90% probability hold a price between $4.47 and $5.70 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.
TBNK Signals & Forecast
The Territorial Bancorp 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 $7.39 and $7.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 13, 2023, and so far it has risen 16.64%. 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). Territorial Bancorp 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 Territorial Bancorp Inc. stock
Territorial Bancorp Inc. finds support from accumulated volume at $7.72 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 $0.730 between high and low, or 9.86%. For the last week, the stock has had daily average volatility of 4.59%.
Our recommended stop-loss: $7.75 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (TBNK) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Territorial Bancorp Inc. to open at $7.86, and during the day (based on 14 day Average True Range), to move between $7.69 and $8.43, which gives a possible trading interval of +/-$0.368 (+/-4.57%) up or down from last closing price. If Territorial Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 9.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.72 (4.22%) than the resistance at $9.39 (16.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Territorial Bancorp Inc. stock A Buy?
Territorial Bancorp Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Open Broker Account
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.Hold/Accumulate Upgraded
Predicted Opening Price for Territorial Bancorp Inc. of Thursday, November 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price November 30, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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