Banc of California Inc Stock Forecast
Banc of California Inc stock price down 0.0724% on Thursday
(Updated on Apr 18, 2024)
The Banc of California Inc stock price fell by -0.0724% on the last day (Thursday, 18th Apr 2024) from $13.81 to $13.80. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 1.90% from a day low at $13.67 to a day high of $13.93. The price has fallen in 7 of the last 10 days and is down by -5.48% for this period. 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 -313 thousand shares and in total, 1 million shares were bought and sold for approximately $16.26 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.60 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.35% during the next 3 months and, with a 90% probability hold a price between $14.61 and $17.15 at the end of this 3-month period.
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BANC Signals & Forecast
There are few to no technical positive signals at the moment. The Banc of California Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $13.99 and $14.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Banc of California Inc stock
Banc of California Inc finds support from accumulated volume at $13.45 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 $0.260 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 2.47%.
Banc of California Inc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BANC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Banc of California Inc to open at $13.80, and during the day (based on 14 day Average True Range), to move between $13.37 and $14.23, which gives a possible trading interval of +/-$0.427 (+/-3.10%) up or down from last closing price. If Banc of California Inc takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.45 (2.54%) than the resistance at $14.23 (3.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Banc of California Inc stock A Buy?
The Banc of California Inc stock holds several negative signals and despite the positive trend, we believe Banc of California Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.856 Sell Candidate Unchanged
Predicted Opening Price for Banc of California Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $13.80 ( 0.0242%) | $13.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BANC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.06 | 1.86 % | |
| R2 | 13.96 | 1.14 % | ||
| R1 | 13.90 | 0.696 % | ||
| Current price: | 13.80 | |||
| Support | S1 | 13.70 | -0.744 % | |
| S2 | 13.64 | -1.19 % | ||
| S3 | 13.54 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.99 | 8.62 % | |
| R2 | 14.57 | 5.58 % | ||
| R1 | 14.23 | 3.12 % | ||
| Current price | 13.80 | |||
| Support | S1 | 13.45 | -2.54% | |
| S2 | 13.27 | -3.84% | ||
| S3 | 12.74 | -7.68% |
BANC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.100 | 0.686% |
| 2 | Nov 10, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.100 | 0.752% |
| 3 | Aug 03, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.100 | 0.83% |
| 4 | May 12, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.100 | 0.85% |
| 5 | Feb 13, 2023 | Mar 14, 2023 | Apr 03, 2023 | $0.100 | 0.797% |
FAQ
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