BOK Financial Corporation Stock Forecast
Weaker technical forecast for BOK Financial Corporation as stock downgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The BOK Financial Corporation stock price fell by -3.32% on the last day (Thursday, 25th Apr 2024) from $93.05 to $89.96. During the last trading day the stock fluctuated 3.24% from a day low at $89.64 to a day high of $92.54. The price has been going up and down for this period, and there has been a 2.3% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -110 thousand shares and in total, 145 thousand shares were bought and sold for approximately $13.07 million.
The stock lies in the middle of a weak 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 8.75% during the next 3 months and, with a 90% probability hold a price between $93.36 and $101.32 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BOKF Signals & Forecast
The BOK Financial Corporation 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 $88.83 and $88.39. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 24, 2024, and so far it has fallen -3.32%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for BOK Financial Corporation stock
BOK Financial Corporation finds support from accumulated volume at $88.15 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 $2.90 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: $85.23 (-5.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BOKF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect BOK Financial Corporation to open at $90.71, and during the day (based on 14 day Average True Range), to move between $87.73 and $92.19, which gives a possible trading interval of +/-$2.23 (+/-2.48%) up or down from last closing price. If BOK Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $91.11 (1.28%) than the support at $88.15 (2.01%), 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 BOK Financial Corporation stock A Buy?
BOK Financial Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.563 Hold/Accumulate Downgraded
Predicted Opening Price for BOK Financial Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $90.71 ( 0.84%) | $89.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOKF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.61 | 4.06 % | |
| R2 | 92.51 | 2.83 % | ||
| R1 | 91.82 | 2.07 % | ||
| Current price: | 89.96 | |||
| Support | S1 | 89.61 | -0.394 % | |
| S2 | 88.92 | -1.15 % | ||
| S3 | 87.81 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.05 | 3.43 % | |
| R2 | 92.00 | 2.27 % | ||
| R1 | 91.11 | 1.28 % | ||
| Current price | 89.96 | |||
| Support | S1 | 88.15 | -2.01% | |
| S2 | 87.22 | -3.05% | ||
| S3 | 86.24 | -4.14% |
BOKF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Feb 13, 2024 | Feb 28, 2024 | $0.550 | 0.655% |
| 2 | Oct 31, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.550 | 0.766% |
| 3 | Aug 01, 2023 | Aug 14, 2023 | Aug 30, 2023 | $0.540 | 0.654% |
| 4 | May 02, 2023 | May 12, 2023 | May 30, 2023 | $0.540 | 0.645% |
| 5 | Jan 31, 2023 | Feb 13, 2023 | May 30, 2023 | $0.540 | 0.645% |
FAQ
Click here for our free guide on how to buy BOK Financial Corporation Stock.
