RSI low/high Values: [ 25 - 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 OVLY
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Oak Valley Bancorp(NDA) stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Oak Valley Bancorp(NDA) stock price gained 0.283% on the last trading day (Thursday, 28th Mar 2024), rising from $24.71 to $24.78. 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 1.50% from a day low at $24.74 to a day high of $25.11. The price has risen in 6 of the last 10 days and is up by 4.78% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 4 thousand shares were bought and sold for approximately $106.43 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 wide and 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 $25.11 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 -16.15% during the next 3 months and, with a 90% probability hold a price between $19.11 and $21.06 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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OVLY Signals & Forecast

The Oak Valley Bancorp(NDA) 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 $24.16 and $24.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.12%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.

Support, Risk & Stop-loss for Oak Valley Bancorp(NDA) stock

Oak Valley Bancorp(NDA) finds support from accumulated volume at $23.99 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 controlled movements and therefore the general risk is considered 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 $0.370 between high and low, or 1.50%. For the last week the stock has had daily average volatility of 2.57%.

Our recommended stop-loss: $23.83 (-3.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Oak Valley Bancorp(NDA) to open at $24.88, and during the day (based on 14 day Average True Range), to move between $24.05 and $25.51, which gives a possible trading interval of +/-$0.733 (+/-2.96%) up or down from last closing price. If Oak Valley Bancorp(NDA) takes out the full calculated possible swing range there will be an estimated 5.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.99 (3.19%) than the resistance at $25.58 (3.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Oak Valley Bancorp(NDA) 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.945 Buy Candidate Upgraded

Predicted Opening Price for Oak Valley Bancorp(NDA) of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$24.88 ( 0.390%) $24.78

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

Trading levels for OVLY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.25 1.88 %
R2 25.11 1.31 %
R1 25.02 0.96 %
Current price: 24.78
Support S1 24.74 -0.180 %
S2 24.65 -0.533 %
S3 24.51 -1.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 29.42 18.72 %
R2 26.42 6.62 %
R1 25.58 3.23 %
Current price 24.78
Support S1 23.99 -3.19%
S2 23.80 -3.95%
S3 23.52 -5.08%

OVLY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 16, 2024 Jan 26, 2024 Feb 09, 2024 $0.225 0.89%
2 Jul 18, 2023 Jul 28, 2023 Aug 11, 2023 $0.160 0.594%
3 Jan 20, 2023 Jan 27, 2023 Feb 10, 2023 $0.160 0.587%
4 Jul 21, 2022 Jul 29, 2022 Aug 12, 2022 $0.150 0.81%
5 Jan 24, 2022 Jan 28, 2022 Feb 11, 2022 $0.150 0.794%

FAQ

What is the symbol for Oak Valley Bancorp(NDA) Stock and on which exchange is it traded?
The symbol for Oak Valley Bancorp(NDA) is OVLY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Oak Valley Bancorp(NDA) Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Oak Valley Bancorp(NDA) Stock?
As of the end of day on the 2024-03-28, the price of an Oak Valley Bancorp(NDA) (OVLY) share was $24.78.

What is the 52-week high and low for Oak Valley Bancorp(NDA) Stock?
The 52-week high for Oak Valley Bancorp(NDA) Stock is $30.70 and the 52-week low is $22.49.

What is the market capitalization of Oak Valley Bancorp(NDA) Stock?
As of the 2024-03-28, the market capitalization of Oak Valley Bancorp(NDA) is 205.505M.

When is the next earnings date for Oak Valley Bancorp(NDA)?
The upcoming earnings date for Oak Valley Bancorp(NDA) is Apr 18, 2024.
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About Oak Valley Bancorp(NDA)

Oak Valley Ban(NDA) Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit. It also offers commercial real estate loans, com... OVLY Profile

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