Texas Capital Bancshares, Inc. Stock Forecast
Red day on Friday for Texas Capital Bancshares, Inc. stock after losing 1.20%
(Updated on Jun 28, 2024)
The Texas Capital Bancshares, Inc. stock price fell by -1.20% on the last day (Friday, 28th Jun 2024) from $19.14 to $18.91. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.06% from a day low at $18.74 to a day high of $19.50. The price has fallen in 6 of the last 10 days and is down by -0.79% for this period. Volume has increased on the last day by 25 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, 44 thousand shares were bought and sold for approximately $840.68 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.64% during the next 3 months and, with a 90% probability hold a price between $17.38 and $19.01 at the end of this 3-month period.
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TCBIO Signals & Forecast
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. The Texas Capital 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 $19.10 and $19.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found. Texas Capital Bancshares, 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 Texas Capital Bancshares, Inc. stock
Texas Capital Bancshares, Inc. finds support from accumulated volume at $18.88 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 $0.760 between high and low, or 4.06%. For the last week the stock has had daily average volatility of 1.80%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Texas Capital Bancshares, Inc. to open at $19.05, and during the day (based on 14 day Average True Range), to move between $18.51 and $19.31, which gives a possible trading interval of +/-$0.399 (+/-2.11%) 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 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.88 (0.16%) than the resistance at $19.20 (1.53%), 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 is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.784 Sell Candidate Unchanged
Predicted Opening Price for Texas Capital Bancshares, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $19.05 ( 0.740%) | $18.91 |
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 | 19.81 | 4.76% |
| R2 | 19.52 | 3.22% |
| R1 | 19.34 | 2.28% |
| Price | 18.91 | |
| S1 | 18.76 | -0.795% |
| S2 | 18.58 | -1.74% |
| S3 | 18.29 | -3.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.37 | 2.43% |
| R2 | 19.34 | 2.27% |
| R1 | 19.20 | 1.53% |
| Price | 18.91 | |
| S1 | 18.88 | -0.159% |
| S2 | 18.77 | -0.740% |
| S3 | 18.30 | -3.23% |
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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