Tectonic Financial, Inc. 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
Tectonic Financial, Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The Tectonic Financial, Inc. stock price gained 0.0975% on the last trading day (Thursday, 20th Jun 2024), rising from $10.26 to $10.27. During the last trading day the stock fluctuated 0.0975% from a day low at $10.26 to a day high of $10.27. The price has fallen in 4 of the last 10 days but is still up by 0.29% over the past 2 weeks. Volume fell on the last day by -32 shares and in total, 201 shares were bought and sold for approximately $2.06 thousand. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tectonic Financial, Inc. stock with a 90% probability to be traded between $10.27 and $10.64 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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TECTP Signals & Forecast
The Tectonic Financial, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $10.38 and $10.30. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.0975%. 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). The stock had a Golden Star Signal on Tuesday, November 14, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, November 14, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Thursday, May 23, 2024 and based on theory for this formation the price should go up by 4.04% to $10.69 within 8 trading days since signal was issued (Wednesday, June 05, 2024).
Support, Risk & Stop-loss for Tectonic Financial, Inc. stock
Tectonic Financial, Inc. finds support from accumulated volume at $10.24 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 $0.0100 between high and low, or 0.0975%. For the last week the stock has had daily average volatility of 0.0195%
Our recommended stop-loss: $9.72 (-5.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (TECTP) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Tectonic Financial, Inc. to open at $10.27, and during the day (based on 14 day Average True Range), to move between $10.17 and $10.37, which gives a possible trading interval of +/-$0.0971 (+/-0.95%) up or down from last closing price. If Tectonic Financial, Inc. takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.24 (0.29%) than the resistance at $10.48 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tectonic Financial, Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.145 Buy Candidate Upgraded
Predicted Opening Price for Tectonic Financial, Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $10.27 ( 0.0325%) | $10.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TECTP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.28 | 0.0649% |
| R2 | 10.27 | 0.0277% |
| R1 | 10.27 | 0.0047% |
| Price | 10.27 | |
| S1 | 10.26 | -0.0697% |
| S2 | 10.26 | -0.0926% |
| S3 | 10.26 | -0.130% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.52 | 2.43% |
| R2 | 10.49 | 2.14% |
| R1 | 10.48 | 2.04% |
| Price | 10.27 | |
| S1 | 10.24 | -0.292% |
| S2 | 10.22 | -0.487% |
| S3 | 10.21 | -0.584% |
TECTP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 02, 2024 | May 15, 2024 | $0.225 | 2.17% |
| 2 | Jan 26, 2024 | Feb 02, 2024 | Feb 15, 2024 | $0.225 | 2.21% |
| 3 | Oct 24, 2023 | Nov 02, 2023 | Nov 15, 2023 | $0.225 | 2.24% |
| 4 | Jul 25, 2023 | Aug 03, 2023 | Aug 15, 2023 | $0.225 | 2.24% |
| 5 | Apr 24, 2023 | May 04, 2023 | May 15, 2023 | $0.225 | 2.25% |
FAQ
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