Fri 25'th May 2018
Bank of Marin Bancorp Stock Analysis
Technical stock analysis for Fri 25'th May 2018
Bank of Marin Bancorp fell by -0.06% in the last day from $77.65 to $77.60 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days and is up by 3.05% over the past 2 weeks. Volume has increased in the last day by 11 252 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 19 920 shares bought and sold for approximately $1.55 million.
|Shorts||2.48% ( 2018-04-30 )|
Bank of Marin Bancorp lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.19% during the next 3 months and, with 90% probability hold a price between $83.11 and $92.30 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday May 23, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Bank of Marin Bancorp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $77.85. On a fall, the stock will find some support from the long-term average at approximately $74.56. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Bank of Marin Bancorp finds support from accumulated volume at $76.05.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.55 (2.02%) between high and low. For the last week, the stock has had a daily average volatility of 1.72%.
Our recommended stoploss: $74.94 (-3.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
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Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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