BNC Bancorp Stock Forecast

BNC Bancorp stock price ended at $22.98 on Wednesday, after losing 0.369%.
(Updated on Apr 17, 2024)

YZCAY Signals & Forecast

The BNC 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 $22.51 and $22.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 12.10%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. BNC Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for BNC Bancorp stock

BNC Bancorp finds support from accumulated volume at $22.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.120 between high and low, or 0.522%. For the last week, the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $22.37 (-2.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (YZCAY) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect BNC Bancorp to open at $23.02, and during the day (based on 14 day Average True Range), to move between $22.51 and $23.45, which gives a possible trading interval of +/-$0.471 (+/-2.05%) up or down from last closing price. If BNC Bancorp takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.90 (0.35%) than the resistance at $24.00 (4.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BNC Bancorp 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 BNC Bancorp stock to perform well in the short-term.

Current score: 2.001 Buy Candidate Unchanged

Predicted Opening Price for BNC Bancorp of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.