Texas Capital Bancshares, Inc. Stock Forecast
Green day on Tuesday for Texas Capital Bancshares, Inc. stock after gaining 0.365%
(Updated on Jun 25, 2024)
The Texas Capital Bancshares, Inc. stock price gained 0.365% on the last trading day (Tuesday, 25th Jun 2024), rising from $19.20 to $19.27. During the last trading day the stock fluctuated 0.99% from a day low at $19.20 to a day high of $19.39. The price has risen in 6 of the last 10 days and is up by 0.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $645.80 thousand.
The stock lies the upper part of a 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 $19.40 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 -4.02% during the next 3 months and, with a 90% probability hold a price between $16.95 and $18.62 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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TCBIO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Texas Capital Bancshares, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Texas Capital Bancshares, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.28. On a fall, the stock will find some support from the short-term average at $19.13. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Texas Capital Bancshares, Inc. stock
Texas Capital Bancshares, Inc. finds support from accumulated volume at $19.25 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.190 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCBIO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Texas Capital Bancshares, Inc. to open at $19.29, and during the day (based on 14 day Average True Range), to move between $18.89 and $19.65, which gives a possible trading interval of +/-$0.378 (+/-1.96%) up or down from last closing price. If Texas Capital Bancshares, Inc. takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.25 (0.10%) than the resistance at $19.34 (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Texas Capital Bancshares, Inc. stock A Buy?
Texas Capital 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.
Current score: -2.630 Sell Candidate Unchanged
Predicted Opening Price for Texas Capital Bancshares, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $19.29 ( 0.0863%) | $19.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCBIO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.48 | 1.07% |
| R2 | 19.40 | 0.695% |
| R1 | 19.36 | 0.463% |
| Price | 19.27 | |
| S1 | 19.21 | -0.290% |
| S2 | 19.17 | -0.523% |
| S3 | 19.10 | -0.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.37 | 5.71% |
| R2 | 19.37 | 0.519% |
| R1 | 19.34 | 0.363% |
| Price | 19.27 | |
| S1 | 19.25 | -0.104% |
| S2 | 19.20 | -0.363% |
| S3 | 19.13 | -0.727% |
TCBIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Jun 03, 2024 | Jun 17, 2024 | $0.359 | 1.88% |
| 2 | Jan 22, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.359 | 1.76% |
| 3 | Oct 24, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.359 | 1.90% |
| 4 | Jul 24, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.359 | 1.91% |
| 5 | Apr 24, 2023 | May 31, 2023 | Jun 15, 2023 | $0.359 | 2.05% |
FAQ
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