Tc Bancshares, Inc. Stock Forecast
Tc Bancshares, Inc. stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
No changes to the price of Tc Bancshares, Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $13.50 to a day high of $13.50. The price has fallen in 6 of the last 10 days and is down by -0.15% for this period.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tc Bancshares, Inc. stock with a 90% probability to be traded between $13.07 and $13.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TCBC Signals & Forecast
There are mixed signals in the stock today. The Tc Bancshares, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $13.54 and $13.68. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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).
A buy signal from a double bottom formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should go up by 1.33% to $13.68 within 4 trading days since signal was issued (Tuesday, June 25, 2024).
Support, Risk & Stop-loss for Tc Bancshares, Inc. stock
Tc Bancshares, Inc. finds support from accumulated volume at $13.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.01%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCBC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Tc Bancshares, Inc. to open at $13.50, and during the day (based on 14 day Average True Range), to move between $13.33 and $13.67, which gives a possible trading interval of +/-$0.173 (+/-1.28%) up or down from last closing price. If Tc Bancshares, Inc. takes out the full calculated possible swing range there will be an estimated 2.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.51 (0.07%) than the support at $13.47 (0.22%), 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 Tc Bancshares, Inc. stock A Buy?
Tc Bancshares, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.225 Sell Candidate Downgraded
Predicted Opening Price for Tc Bancshares, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $13.50 ( 0%) | $13.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCBC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.50 | - |
| R2 | 13.50 | - |
| R1 | 13.50 | - |
| Price | 13.50 | |
| S1 | 13.50 | - |
| S2 | 13.50 | - |
| S3 | 13.50 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.79 | 2.15% |
| R2 | 13.70 | 1.48% |
| R1 | 13.51 | 0.0741% |
| Price | 13.50 | |
| S1 | 13.47 | -0.222% |
| S2 | 13.45 | -0.370% |
| S3 | 13.40 | -0.741% |
TCBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.0500 | 0.368% |
| 2 | Jun 22, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.0500 | 0.350% |
| 3 | Dec 21, 2022 | Dec 30, 2022 | Jan 18, 2023 | $0.0500 | 0.339% |
| 4 | Jun 15, 2022 | Jun 24, 2022 | Jul 15, 2022 | $0.0500 | 0.358% |
FAQ
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