Territorial Bancorp Inc. 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
Stronger technical forecast for Territorial Bancorp Inc. stock price after Tuesday trading.
(Updated on May 07, 2024)
The Territorial Bancorp Inc. stock price fell by -1.22% on the last day (Tuesday, 7th May 2024) from $8.20 to $8.10. During the last trading day the stock fluctuated 3.63% from a day low at $7.98 to a day high of $8.27. The price has risen in 6 of the last 10 days and is up by 11.42% over the past 2 weeks. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 39 thousand shares were bought and sold for approximately $317.72 thousand.
The stock lies the upper part of a very 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 $8.16 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 -21.20% during the next 3 months and, with a 90% probability hold a price between $5.03 and $6.43 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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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. 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 $7.83 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 Tuesday, April 16, 2024, and so far it has risen 17.05%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Territorial Bancorp Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Territorial Bancorp Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $7.65 and $7.53. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Territorial Bancorp Inc. finds support just below today's level at $7.65. If this is broken, then the next support from accumulated volume will be at $7.53 and $7.29.
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 $0.290 between high and low, or 3.63%. For the last week, the stock has had daily average volatility of 4.02%.
The Territorial Bancorp Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $7.88 (-2.67%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (TBNK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Territorial Bancorp Inc. to open at $8.12, and during the day (based on 14 day Average True Range), to move between $7.77 and $8.43, which gives a possible trading interval of +/-$0.326 (+/-4.02%) up or down from last closing price. If Territorial Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 8.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.20 (1.23%) than the support at $7.65 (5.56%), 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 Territorial Bancorp 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: 1.154 Buy Candidate Upgraded
Predicted Opening Price for Territorial Bancorp Inc. of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$8.12 ( 0.206%) | $8.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TBNK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.41 | 3.79 % | |
R2 | 8.30 | 2.42 % | ||
R1 | 8.23 | 1.57 % | ||
Current price: | 8.10 | |||
Support | S1 | 8.01 | -1.16 % | |
S2 | 7.94 | -2.01 % | ||
S3 | 7.83 | -3.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.31 | 14.94 % | |
R2 | 8.60 | 6.17 % | ||
R1 | 8.20 | 1.23 % | ||
Current price | 8.10 | |||
Support | S1 | 7.65 | -5.56% | |
S2 | 7.53 | -7.04% | ||
S3 | 7.29 | -10.00% |
TBNK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.0500 | 0.539% |
2 | Oct 27, 2023 | Nov 08, 2023 | Nov 24, 2023 | $0.0500 | 0.673% |
3 | Jul 28, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.230 | 2.14% |
4 | Apr 27, 2023 | May 10, 2023 | May 25, 2023 | $0.230 | 2.00% |
5 | Jan 26, 2023 | Feb 08, 2023 | Feb 23, 2023 | $0.230 | 0.97% |
FAQ
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