RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EVBN
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Green day on Thursday for Evans Bancorp Inc
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 1.91% PDF

The Evans Bancorp Inc stock price gained 1.91% on the last trading day (Thursday, 28th Mar 2024), rising from $29.30 to $29.86. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.571% from a day low at $29.75 to a day high of $29.92. The price has risen in 6 of the last 10 days and is up by 2.93% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 5 thousand shares were bought and sold for approximately $149.63 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $30.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.81% during the next 3 months and, with a 90% probability hold a price between $26.39 and $28.81 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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EVBN Signals & Forecast

The Evans Bancorp Inc 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 $29.39 and $29.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 4.77%. 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 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. The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Evans Bancorp Inc stock

Evans Bancorp Inc finds support from accumulated volume at $29.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.170 between high and low, or 0.571%. For the last week the stock has had daily average volatility of 2.19%

Our recommended stop-loss: $28.54 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (EVBN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Evans Bancorp Inc to open at $29.84, and during the day (based on 14 day Average True Range), to move between $29.12 and $30.60, which gives a possible trading interval of +/-$0.741 (+/-2.48%) up or down from last closing price. If Evans Bancorp Inc takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.93 (0.23%) than the support at $29.70 (0.54%), 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 Evans Bancorp Inc stock A Buy?

Evans Bancorp Inc 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.

Current score: 0.706 Hold/Accumulate Unchanged

Predicted Opening Price for Evans Bancorp Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$29.84 ( 0.0558%) $29.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EVBN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 30.01 0.514 %
R2 29.95 0.296 %
R1 29.91 0.162 %
Current price: 29.86
Support S1 29.78 -0.273 %
S2 29.74 -0.408 %
S3 29.67 -0.625 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 31.53 5.59 %
R2 30.09 0.770 %
R1 29.93 0.234 %
Current price 29.86
Support S1 29.70 -0.536%
S2 29.01 -2.85%
S3 29.00 -2.88%

EVBN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 11, 2024 Mar 11, 2024 Mar 11, 2024 $0 0%
2 Sep 18, 2023 Sep 18, 2023 Oct 18, 2023 $0.660 2.41%
3 Feb 22, 2023 Mar 09, 2023 Apr 04, 2023 $0.660 2.03%
4 Aug 16, 2022 Sep 12, 2022 Oct 04, 2022 $0.640 1.74%
5 Feb 16, 2022 Mar 10, 2022 Apr 05, 2022 $0.620 1.63%

FAQ

What is the symbol for Evans Bancorp Inc Stock and on which exchange is it traded?
The symbol for Evans Bancorp Inc is EVBN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Evans Bancorp Inc Stock?
Evans Bancorp Inc 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.

How to buy Evans Bancorp Inc Stock?
Evans Bancorp Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Evans Bancorp Inc Stock.

What's the current price of Evans Bancorp Inc Stock?
As of the end of day on the 2024-03-28, the price of an Evans Bancorp Inc (EVBN) share was $29.86.

What is the 52-week high and low for Evans Bancorp Inc Stock?
The 52-week high for Evans Bancorp Inc Stock is $34.29 and the 52-week low is $23.23.

What is the market capitalization of Evans Bancorp Inc Stock?
As of the 2024-03-28, the market capitalization of Evans Bancorp Inc is 164.486M.

When is the next earnings date for Evans Bancorp Inc?
The upcoming earnings date for Evans Bancorp Inc is Apr 25, 2024.
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About Evans Bancorp Inc

Evans Ban Evans Bancorp, Inc. primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings acco... EVBN Profile

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