TriCo Bancshares 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
TriCo Bancshares stock upgraded to Buy Candidate.
(Updated on May 14, 2024)
The TriCo Bancshares stock price gained 1.20% on the last trading day (Tuesday, 14th May 2024), rising from $37.65 to $38.10. During the last trading day the stock fluctuated 1.38% from a day low at $37.68 to a day high of $38.20. The price has risen in 7 of the last 10 days and is up by 9.58% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 72 thousand shares were bought and sold for approximately $2.73 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising 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 $38.12 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.26% during the next 3 months and, with a 90% probability hold a price between $34.06 and $40.13 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TCBK Signals & Forecast
Mostly positive signals in the chart today. The TriCo Bancshares 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 $37.67 and $35.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 19.92%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for TriCo Bancshares stock
On the downside, the stock finds support just below today's level from accumulated volume at $35.14 and $34.95. 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, TriCo Bancshares finds support just below today's level at $35.14. If this is broken, then the next support from accumulated volume will be at $34.95 and $34.49.
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 $0.520 between high and low, or 1.38%. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: $36.35 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (TCBK) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect TriCo Bancshares to open at $37.99, and during the day (based on 14 day Average True Range), to move between $37.16 and $39.04, which gives a possible trading interval of +/-$0.94 (+/-2.47%) up or down from last closing price. If TriCo Bancshares takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $35.14, some $2.96 (7.77%) from the current price of $38.10, our system finds the risk reward attractive.
Is TriCo Bancshares stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TriCo Bancshares 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: 4.154 Buy Candidate Upgraded
Predicted Opening Price for TriCo Bancshares of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $37.99 ( 0.280%) | $38.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.51 | 1.08 % | |
| R2 | 38.31 | 0.563 % | ||
| R1 | 38.19 | 0.241 % | ||
| Current price: | 38.10 | |||
| Support | S1 | 37.79 | -0.80 % | |
| S2 | 37.67 | -1.12 % | ||
| S3 | 37.47 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 38.10 | |||
| Support | S1 | 35.14 | -7.77% | |
| S2 | 34.95 | -8.27% | ||
| S3 | 34.49 | -9.48% |
TCBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.330 | 0.94% |
| 2 | Nov 20, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.300 | 0.691% |
| 3 | Aug 24, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.300 | 0.96% |
| 4 | May 18, 2023 | Jun 08, 2023 | Jun 23, 2023 | $0.300 | 0.90% |
| 5 | Mar 06, 2023 | Mar 16, 2023 | Mar 24, 2023 | $0.300 | 0.698% |
FAQ
Click here for our free guide on how to buy TriCo Bancshares Stock.
