BANC Forecast and Technical Stock Analysis
Sell candidate since 2020-01-24 PDF
Banc of California Inc fell by -5.17% in the last day ( Friday, 24th Jan 2020 ) from $17.60 to $16.69 During the day the stock fluctuated 5.71% from a day low at $16.11 to a day high of $17.03. The price has risen in 7 of the last 10 days , but is still down by -1.3% for this period. 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 -83 692 shares and in total 677 366 shares bought and sold for approximately $11.31 million.
- 30 day high of the BANC stock price was $19.12 and low was $16.11.
- 90 day high was $19.12 and low was $13.42.
- 52 week high for Banc of California Inc - $19.12 and low - $13.10.
Banc of California Inc has broken the strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $17.35. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. 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 $17.23 and $16.82. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 23, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 46 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 $15.91.
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 $0.92 (5.71%) between high and low. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.16 %Average volatility
Very Low Low Medium High Very High
The Banc of California Inc stock holds several negative signals and despite the positive trend we believe Banc of California Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Strong Buy Candidate to a Sell Candidate candidate.
|BANC $16.69 ($-0.91 -5.17%)|
BANC is down $0.91 today, but where's it headed in 2020?
|Zacks Investment Research is releasing its prediction for BANC based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the BANC analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.