Texas Community Bancshares, Inc. Stock Forecast
Texas Community Bancshares, Inc. stock price ended at $14.62 on Tuesday, after gaining 0.654%.
(Updated on Jun 25, 2024)
The Texas Community Bancshares, Inc. stock price gained 0.654% on the last trading day (Tuesday, 25th Jun 2024), rising from $14.52 to $14.62. During the last trading day the stock fluctuated 0.0808% from a day low at $14.60 to a day high of $14.62. The price has risen in 6 of the last 10 days and is up by 1.99% 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, 80 more shares were traded than the day before. In total, 209 shares were bought and sold for approximately $3.05 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Texas Community Bancshares, Inc. stock with a 90% probability to be traded between $13.71 and $14.86 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TCBS Signals & Forecast
The Texas Community Bancshares, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $14.68. On a fall, the stock will find some support from the long-term average at approximately $14.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Texas Community 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Texas Community Bancshares, Inc. stock
Texas Community Bancshares, Inc. finds support from accumulated volume at $14.35 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 $0.0118 between high and low, or 0.0808%. For the last week the stock has had daily average volatility of 0.398%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCBS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Texas Community Bancshares, Inc. to open at $14.61, and during the day (based on 14 day Average True Range), to move between $14.40 and $14.83, which gives a possible trading interval of +/-$0.214 (+/-1.46%) up or down from last closing price. If Texas Community Bancshares, Inc. takes out the full calculated possible swing range there will be an estimated 2.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.65 (0.24%) than the support at $14.35 (1.81%), 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 Texas Community Bancshares, Inc. stock A Buy?
Texas Community 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: -1.856 Sell Candidate Unchanged
Predicted Opening Price for Texas Community Bancshares, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $14.61 ( 0.0269%) | $14.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCBS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.62 | 0.0538% |
| R2 | 14.62 | 0.0230% |
| R1 | 14.62 | 0.0039% |
| Price | 14.62 | |
| S1 | 14.61 | -0.0578% |
| S2 | 14.60 | -0.0768% |
| S3 | 14.60 | -0.108% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.87 | 1.71% |
| R2 | 14.85 | 1.62% |
| R1 | 14.65 | 0.239% |
| Price | 14.62 | |
| S1 | 14.35 | -1.81% |
| S2 | 14.30 | -2.16% |
| S3 | 14.10 | -3.52% |
TCBS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.0400 | 0.274% |
| 2 | Feb 28, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.0400 | 0.274% |
| 3 | Nov 16, 2023 | Dec 07, 2023 | Dec 28, 2023 | $0.0300 | 0.213% |
| 4 | Jul 26, 2023 | Sep 07, 2023 | Sep 25, 2023 | $0.0300 | 0.238% |
| 5 | May 24, 2023 | Jun 08, 2023 | Sep 25, 2023 | $0.0300 | 0.238% |
FAQ
Click here for our free guide on how to buy Texas Community Bancshares, Inc. Stock.
