BayCom Corp. Stock Forecast
BayCom Corp. stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The BayCom Corp. stock price gained 0.199% on the last trading day (Friday, 26th Apr 2024), rising from $20.11 to $20.15. 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 2.69% from a day low at $20.06 to a day high of $20.60. The price has risen in 7 of the last 10 days and is up by 1.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 543 more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately $552.57 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BayCom Corp. stock with a 90% probability to be traded between $18.72 and $20.18 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BCML Signals & Forecast
The BayCom Corp. 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 $19.96 and $20.02. A breakdown below any of these levels will issue sell signals. BayCom Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.23%. 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). The stock had a Golden Star Signal on Friday, July 14, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, July 14, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -4.60% to $19.22 within 29 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for BayCom Corp. stock
BayCom Corp. finds support from accumulated volume at $20.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.540 between high and low, or 2.69%. For the last week the stock has had daily average volatility of 3.49%.
Our recommended stop-loss: $19.33 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (BCML) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect BayCom Corp. to open at $20.27, and during the day (based on 14 day Average True Range), to move between $19.55 and $20.75, which gives a possible trading interval of +/-$0.604 (+/-3.00%) up or down from last closing price. If BayCom Corp. takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.05 (0.50%) than the resistance at $20.30 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BayCom Corp. stock A Buy?
BayCom Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.414 Hold/Accumulate Upgraded
Predicted Opening Price for BayCom Corp. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $20.27 ( 0.596%) | $20.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCML
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.81 | 3.28 % | |
| R2 | 20.60 | 2.25 % | ||
| R1 | 20.48 | 1.62 % | ||
| Current price: | 20.15 | |||
| Support | S1 | 20.06 | -0.428 % | |
| S2 | 19.94 | -1.06 % | ||
| S3 | 19.73 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.37 | 1.09 % | |
| R2 | 20.31 | 0.794 % | ||
| R1 | 20.30 | 0.744 % | ||
| Current price | 20.15 | |||
| Support | S1 | 20.05 | -0.496% | |
| S2 | 20.02 | -0.645% | ||
| S3 | 19.41 | -3.67% |
BCML Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 14, 2024 | Apr 12, 2024 | $0.100 | 0.502% |
| 2 | Feb 22, 2024 | Mar 07, 2024 | Apr 12, 2024 | $0.100 | 0.502% |
| 3 | Nov 21, 2023 | Dec 13, 2023 | Jan 12, 2024 | $0.100 | 0.457% |
| 4 | Aug 18, 2023 | Sep 14, 2023 | Oct 13, 2023 | $0.100 | 0.507% |
| 5 | May 16, 2023 | Jun 15, 2023 | Jul 14, 2023 | $0.100 | 0.585% |
FAQ
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