Texas Community Bancshares, Inc. Stock Forecast
Texas Community Bancshares, Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of Texas Community Bancshares, Inc. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $14.60 to a day high of $14.60. The price has risen in 5 of the last 10 days and is up by 0.24% over the past 2 weeks.
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 $13.92 and $15.02 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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TCBS Signals & Forecast
The Texas Community Bancshares, Inc. 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 $14.60 and $14.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.551%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
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 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 0.161%
Our recommended stop-loss: $13.77 (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (TCBS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Texas Community Bancshares, Inc. to open at $14.60, and during the day (based on 14 day Average True Range), to move between $14.42 and $14.78, which gives a possible trading interval of +/-$0.179 (+/-1.22%) 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 2.45% 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 (0.34%) than the support at $14.35 (1.71%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Texas Community Bancshares, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.258 Buy Candidate Upgraded
Predicted Opening Price for Texas Community Bancshares, Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$14.60 ( 0%) | $14.60 |
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 | 14.60 | - |
R2 | 14.60 | - |
R1 | 14.60 | - |
Price | 14.60 | |
S1 | 14.60 | - |
S2 | 14.60 | - |
S3 | 14.60 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.87 | 1.82% |
R2 | 14.85 | 1.72% |
R1 | 14.65 | 0.342% |
Price | 14.60 | |
S1 | 14.35 | -1.71% |
S2 | 14.30 | -2.05% |
S3 | 14.10 | -3.42% |
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
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