Tue 14'th Aug 2018
Bank of Marin Bancorp Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||4.53% ( 2018-07-31 )|
Bank of Marin Bancorp gained 1.03% in the last trading day, rising from $87.00 to $87.90 The price has risen in 7 of the last 10 days , but is still down by -1.07% for this period. Volume fell in the last day by -2 629 shares, and in total, 8 403 shares bought and sold for approximately $738 624.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
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 13.79% during the next 3 months and, with 90% probability hold a price between $95.84 and $105.57 at the end of this period.
Bank of Marin Bancorp holds buy signals from both short- and long-term moving averages. In addition, 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 $87.52 and $84.88. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday August 03, 2018, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Bank of Marin Bancorp finds support from accumulated volume at $86.35.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $82.93 (-5.65%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 7 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.Click for Top 5 Buy Candidates
|BMRC $87.90 $0.90(1.03%)|
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