Eagle Bancorp Stock Forecast
Eagle Bancorp stock price ended at $22.24 on Wednesday, after losing 0.135%.
(Updated on Apr 24, 2024)
The Eagle Bancorp stock price fell by -0.135% on the last day (Wednesday, 24th Apr 2024) from $22.27 to $22.24. During the last trading day the stock fluctuated 2.25% from a day low at $21.82 to a day high of $22.31. The price has risen in 5 of the last 10 days and is up by 4.91% over the past 2 weeks. Volume has increased on the last day by 45 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, 207 thousand shares were bought and sold for approximately $4.60 million.
The stock lies in the middle of a wide and 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 -14.55% during the next 3 months and, with a 90% probability hold a price between $17.18 and $20.32 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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EGBN Signals & Forecast
The Eagle Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.40 and $22.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.86%. 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 Eagle Bancorp stock
Eagle Bancorp finds support from accumulated volume at $22.13 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 $0.490 between high and low, or 2.25%. For the last week, the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: $21.57 (-3.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (EGBN) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Eagle Bancorp to open at $22.12, and during the day (based on 14 day Average True Range), to move between $21.41 and $23.07, which gives a possible trading interval of +/-$0.83 (+/-3.71%) up or down from last closing price. If Eagle Bancorp takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.13 (0.49%) than the resistance at $23.08 (3.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eagle Bancorp 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: 1.827 Buy Candidate Unchanged
Predicted Opening Price for Eagle Bancorp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $22.12 ( 0.525%) | $22.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EGBN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.61 | 1.68 % | |
| R2 | 22.43 | 0.84 % | ||
| R1 | 22.31 | 0.317 % | ||
| Current price: | 22.24 | |||
| Support | S1 | 21.94 | -1.37 % | |
| S2 | 21.82 | -1.89 % | ||
| S3 | 21.63 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.79 | 11.47 % | |
| R2 | 24.16 | 8.63 % | ||
| R1 | 23.08 | 3.78 % | ||
| Current price | 22.24 | |||
| Support | S1 | 22.13 | -0.495% | |
| S2 | 21.75 | -2.20% | ||
| S3 | 21.20 | -4.68% |
EGBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | Apr 30, 2024 | $0.450 | 2.02% |
| 2 | Dec 19, 2023 | Jan 10, 2024 | Jan 31, 2024 | $0.450 | 1.82% |
| 3 | Sep 27, 2023 | Oct 19, 2023 | Oct 31, 2023 | $0.450 | 2.31% |
| 4 | Jun 28, 2023 | Jul 19, 2023 | Jul 28, 2023 | $0.450 | 1.59% |
| 5 | Mar 16, 2023 | Apr 05, 2023 | Apr 28, 2023 | $0.450 | 1.79% |
FAQ
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