GLBZ Forecast and Technical Stock Analysis

Sell candidate since 2019-07-11 Loss -0.57%

Glen Burnie Bancorp fell by -0.57% in the last day ( Friday, 12th Jul 2019 ) from $10.50 to $10.44 and has now fallen 3 days in a row. During day the stock fluctuated 5.17% from a day low at $10.44 to a day high of $10.98. The price has been going up and down for this period, and there has been a -0.19% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -7 506 shares and in total 1 247 shares bought and sold for approximately $13 018.70.

Quick summary:

  • 30 day high of the GLBZ stock price was $11.40 and low was $10.27.
  • 90 day high was $11.40 and low was $10.25.
  • 52 week high for the Glen Burnie Bancorp - $13.55 and low - $10.00.
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Glen Burnie Bancorp is at the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $10.29 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Glen Burnie Bancorp with 90% probability to be traded between $10.34 and $11.47 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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There are few to none technical positive signals at the moment. Glen Burnie Bancorp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $10.67 and $10.72. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

A sell signal from a double bottom formation was found on Wednesday July 10, 2019 with a target of $10.72. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 41 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Glen Burnie Bancorp finds support from accumulated volume at $10.42.

Support: $10.42 Price: $10.44 Resistance: $10.50


In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.28 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded


Glen Burnie Bancorp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Will GLBZ stock price go up or down on Tue, 16 Jul 2019?

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