BancFirst Corporation Stock Forecast
Green day on Tuesday for BancFirst Corporation
(Updated on Apr 23, 2024)
The BancFirst Corporation stock price gained 1.18% on the last trading day (Tuesday, 23rd Apr 2024), rising from $91.28 to $92.36. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.01% from a day low at $91.43 to a day high of $93.26. The price has risen in 5 of the last 10 days and is up by 7.6% over the past 2 weeks. Volume fell on the last day by -58 thousand shares and in total, 89 thousand shares were bought and sold for approximately $8.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -5.72% during the next 3 months and, with a 90% probability hold a price between $76.28 and $87.08 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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BANF Signals & Forecast
Mostly positive signals in the chart today. The BancFirst Corporation 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 $85.83 and $86.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 13.65%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for BancFirst Corporation stock
BancFirst Corporation finds support from accumulated volume at $91.28 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 $1.84 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: $89.52 (-3.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BANF) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect BancFirst Corporation to open at $92.35, and during the day (based on 14 day Average True Range), to move between $90.12 and $94.60, which gives a possible trading interval of +/-$2.24 (+/-2.43%) up or down from last closing price. If BancFirst Corporation takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $92.42 (0.06%) than the support at $91.28 (1.17%), 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 BancFirst Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.852 Buy Candidate Unchanged
Predicted Opening Price for BancFirst Corporation of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$92.35 ( 0.0126%) | $92.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BANF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 94.18 | 1.97 % | |
R2 | 93.48 | 1.22 % | ||
R1 | 93.05 | 0.746 % | ||
Current price: | 92.36 | |||
Support | S1 | 91.65 | -0.772 % | |
S2 | 91.21 | -1.24 % | ||
S3 | 90.51 | -2.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 93.52 | 1.26 % | |
R2 | 93.27 | 0.99 % | ||
R1 | 92.42 | 0.0650 % | ||
Current price | 92.36 | |||
Support | S1 | 91.28 | -1.17% | |
S2 | 88.33 | -4.36% | ||
S3 | 85.44 | -7.49% |
BANF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.430 | 0.519% |
2 | Nov 16, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.430 | 0.487% |
3 | Aug 24, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.430 | 0.513% |
4 | May 25, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.400 | 0.402% |
5 | Feb 23, 2023 | Mar 30, 2023 | Jul 17, 2023 | $0.400 | 0.402% |
FAQ
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