BankUnited Inc Stock Forecast
BankUnited Inc stock price ended at $28.00 on Thursday, after losing 0.603%.
(Updated on Mar 28, 2024)
The BankUnited Inc stock price fell by -0.603% on the last day (Thursday, 28th Mar 2024) from $28.17 to $28.00. During the last trading day the stock fluctuated 2.40% from a day low at $27.90 to a day high of $28.57. The price has been going up and down for this period, and there has been a 6.63% gain for the last 2 weeks. Volume has increased on the last day by 76 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 676 thousand shares were bought and sold for approximately $18.93 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $28.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.91% during the next 3 months and, with a 90% probability hold a price between $19.18 and $24.19 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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BKU Signals & Forecast
The BankUnited Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.41 and $26.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 12.54%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for BankUnited Inc stock
BankUnited Inc finds support from accumulated volume at $27.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.670 (2.40%) between high and low. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: $27.18 (-2.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (BKU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BankUnited Inc to open at $28.16, and during the day (based on 14 day Average True Range), to move between $27.04 and $28.96, which gives a possible trading interval of +/-$0.96 (+/-3.41%) up or down from last closing price. If BankUnited Inc takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.26 (0.93%) than the support at $27.48 (1.86%), 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 BankUnited Inc 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: 1.695 Buy Candidate Unchanged
Predicted Opening Price for BankUnited Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$28.16 ( 0.560%) | $28.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.83 | 2.95 % | |
R2 | 28.57 | 2.04 % | ||
R1 | 28.41 | 1.47 % | ||
Current price: | 28.00 | |||
Support | S1 | 27.90 | -0.355 % | |
S2 | 27.74 | -0.92 % | ||
S3 | 27.49 | -1.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.91 | 6.82 % | |
R2 | 29.24 | 4.43 % | ||
R1 | 28.26 | 0.93 % | ||
Current price | 28.00 | |||
Support | S1 | 27.48 | -1.86% | |
S2 | 27.27 | -2.61% | ||
S3 | 26.61 | -4.96% |
BKU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | Apr 30, 2024 | $0.290 | 1.04% |
2 | Dec 28, 2023 | Jan 11, 2024 | Jan 31, 2024 | $0.270 | 0.96% |
3 | Sep 27, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.270 | 1.24% |
4 | Jun 29, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.270 | 0.90% |
5 | Feb 23, 2023 | Apr 11, 2023 | Apr 28, 2023 | $0.270 | 1.20% |
FAQ
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