Timberland Bancorp 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
Red day on Monday for Timberland Bancorp stock after losing 0.383%
(Updated on May 06, 2024)
The Timberland Bancorp stock price fell by -0.383% on the last day (Monday, 6th May 2024) from $26.10 to $26.00. During the last trading day the stock fluctuated 0.93% from a day low at $25.80 to a day high of $26.04. The price has been going up and down for this period, and there has been a 3.71% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -688 shares and in total, 7 thousand shares were bought and sold for approximately $182.57 thousand.
The stock lies the upper part of a falling 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 $26.05 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.24% during the next 3 months and, with a 90% probability hold a price between $22.23 and $24.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TSBK Signals & Forecast
The Timberland Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $25.45 and $25.53. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Timberland Bancorp stock
Timberland Bancorp finds support from accumulated volume at $25.61 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 controlled movements and therefore the general risk is considered 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 $0.240 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: $24.94 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (TSBK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Timberland Bancorp to open at $25.95, and during the day (based on 14 day Average True Range), to move between $25.34 and $26.66, which gives a possible trading interval of +/-$0.661 (+/-2.54%) up or down from last closing price. If Timberland Bancorp takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.20 (0.77%) than the support at $25.61 (1.50%), 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 Timberland Bancorp stock A Buy?
Timberland Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.539 Hold/Accumulate Unchanged
Predicted Opening Price for Timberland Bancorp of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $25.95 ( 0.205%) | $26.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.19 | 0.718 % | |
| R2 | 26.09 | 0.365 % | ||
| R1 | 26.04 | 0.147 % | ||
| Current price: | 26.00 | |||
| Support | S1 | 25.85 | -0.558 % | |
| S2 | 25.80 | -0.776 % | ||
| S3 | 25.71 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.79 | 6.88 % | |
| R2 | 26.66 | 2.54 % | ||
| R1 | 26.20 | 0.769 % | ||
| Current price | 26.00 | |||
| Support | S1 | 25.61 | -1.50% | |
| S2 | 25.53 | -1.81% | ||
| S3 | 24.49 | -5.81% |
TSBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | $0.240 | 0.91% |
| 2 | Jan 22, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.240 | 0.90% |
| 3 | Oct 30, 2023 | Nov 10, 2023 | Nov 27, 2023 | $0.230 | 0.790% |
| 4 | Jul 25, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.230 | 0.81% |
| 5 | Apr 25, 2023 | May 11, 2023 | May 26, 2023 | $0.230 | 0.97% |
FAQ
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