Glen Burnie Bancorp Stock Forecast
Glen Burnie Bancorp stock price ended at $5.21 on Monday, after losing 1.64%.
(Updated on Apr 15, 2024)
The Glen Burnie Bancorp stock price fell by -1.64% on the last day (Monday, 15th Apr 2024) from $5.30 to $5.21. During the last trading day the stock fluctuated 2.50% from a day low at $5.21 to a day high of $5.34. The price has fallen in 5 of the last 10 days and is down by -3.7% for this period. 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 -1 thousand shares and in total, 842 shares were bought and sold for approximately $4.39 thousand.
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 -24.52% during the next 3 months and, with a 90% probability hold a price between $3.70 and $4.31 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.
GLBZ Signals & Forecast
There are mixed signals in the stock today. The Glen Burnie Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $5.23 and $5.80. A break-up above any of these levels will issue buy signals. 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 buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 3.78%. 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).
Support, Risk & Stop-loss for Glen Burnie Bancorp stock
Glen Burnie Bancorp finds support from accumulated volume at $5.10 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.130 between high and low, or 2.50%. For the last week the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLBZ) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Glen Burnie Bancorp to open at $5.25, and during the day (based on 14 day Average True Range), to move between $5.04 and $5.38, which gives a possible trading interval of +/-$0.175 (+/-3.35%) up or down from last closing price. If Glen Burnie Bancorp takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.26 (0.96%) than the support at $5.10 (2.11%), 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 Glen Burnie Bancorp stock A Buy?
Glen Burnie Bancorp 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: -1.813 Sell Candidate Unchanged
Predicted Opening Price for Glen Burnie Bancorp of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $5.25 ( 0.83%) | $5.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLBZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.38 | 3.33 % | |
| R2 | 5.33 | 2.37 % | ||
| R1 | 5.30 | 1.78 % | ||
| Current price: | 5.21 | |||
| Support | S1 | 5.20 | -0.121 % | |
| S2 | 5.17 | -0.710 % | ||
| S3 | 5.12 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.28 | 20.44 % | |
| R2 | 5.30 | 1.73 % | ||
| R1 | 5.26 | 0.96 % | ||
| Current price | 5.21 | |||
| Support | S1 | 5.10 | -2.11% | |
| S2 | 5.02 | -3.65% | ||
| S3 | 0 | . |
GLBZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 19, 2024 | Feb 05, 2024 | $0.100 | 1.43% |
| 2 | Oct 12, 2023 | Oct 20, 2023 | Nov 06, 2023 | $0.100 | 1.81% |
| 3 | Jul 13, 2023 | Jul 21, 2023 | Aug 07, 2023 | $0.100 | 1.27% |
| 4 | Apr 13, 2023 | Apr 21, 2023 | May 08, 2023 | $0.100 | 1.26% |
| 5 | Jan 13, 2023 | Jan 20, 2023 | Feb 06, 2023 | $0.100 | 1.20% |
FAQ
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