BANC Forecast and Technical Stock Analysis
Sell candidate since 2019-09-13 PDF
Banc of California Inc fell by -0.68% in the last day ( Friday, 13th Sep 2019 ) from $14.80 to $14.70 During the day the stock fluctuated 4.51% from a day low at $14.40 to a day high of $15.05. The price has fallen in 6 of the last 10 days , but is still up by 0.55% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -44 334 shares and in total 398 316 shares bought and sold for approximately $5.86 million.
- 30 day high of the BANC stock price was $15.45 and low was $13.60.
- 90 day high was $15.95 and low was $13.20.
- 52 week high for Banc of California Inc - $19.90 and low - $12.22.
Banc of California Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.94% during the next 3 months and, with 90% probability hold a price between $15.17 and $17.50 at the end of this period.
There are mixed signals in the stock today. Banc of California Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $14.90 and $14.72. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday September 11, 2019, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 60 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Banc of California Inc finds support from accumulated volume at $14.68.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.65 (4.51%) between high and low. For the last week, the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.36 %Average volatility
Very Low Low Medium High Very High
Banc of California 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
|BANC $14.70 ($-0.10 -0.68%)|
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