Bank of the James Financial Group Stock Forecast
Green day on Friday for Bank of the James Financial Group
(Updated on Apr 19, 2024)
The Bank of the James Financial Group stock price gained 0.711% on the last trading day (Friday, 19th Apr 2024), rising from $9.85 to $9.92. During the last trading day the stock fluctuated 2.95% from a day low at $9.65 to a day high of $9.94. The price has fallen in 6 of the last 10 days and is down by -3.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $52.04 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.51% during the next 3 months and, with a 90% probability hold a price between $7.80 and $8.35 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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BOTJ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.48%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Bank of the James Financial Group 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bank of the James Financial Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.61. On a fall, the stock will find some support from the short-term average at $9.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Bank of the James Financial Group stock
Bank of the James Financial Group finds support from accumulated volume at $9.91 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 $0.285 between high and low, or 2.95%. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOTJ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Bank of the James Financial Group to open at $9.84, and during the day (based on 14 day Average True Range), to move between $9.61 and $10.23, which gives a possible trading interval of +/-$0.308 (+/-3.11%) up or down from last closing price. If Bank of the James Financial Group takes out the full calculated possible swing range there will be an estimated 6.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.91 (0.10%) than the resistance at $11.75 (18.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bank of the James Financial Group stock A Buy?
Bank of the James Financial Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.270 Sell Candidate Unchanged
Predicted Opening Price for Bank of the James Financial Group of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $9.84 ( 0.86%) | $9.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOTJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.12 | 2.02 % | |
| R2 | 10.01 | 0.92 % | ||
| R1 | 9.94 | 0.241 % | ||
| Current price: | 9.92 | |||
| Support | S1 | 9.73 | -1.95 % | |
| S2 | 9.66 | -2.63 % | ||
| S3 | 9.55 | -3.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.13 | 22.28 % | |
| R2 | 11.92 | 20.16 % | ||
| R1 | 11.75 | 18.45 % | ||
| Current price | 9.92 | |||
| Support | S1 | 9.91 | -0.101% | |
| S2 | 9.80 | -1.21% | ||
| S3 | 9.78 | -1.46% |
BOTJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.100 | 0.93% |
| 2 | Oct 17, 2023 | Nov 22, 2023 | Dec 08, 2023 | $0.0800 | 0.748% |
| 3 | Jul 18, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.0800 | 0.746% |
| 4 | Apr 18, 2023 | Jun 01, 2023 | Sep 15, 2023 | $0.0800 | 0.746% |
| 5 | Jan 17, 2023 | Mar 02, 2023 | Mar 17, 2023 | $0.0800 | 0.696% |
FAQ
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