Plumas Bancorp Stock Forecast
Evaluation of Plumas Bancorp stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Plumas Bancorp stock price gained 0.795% on the last trading day (Thursday, 28th Mar 2024), rising from $36.50 to $36.79. During the last trading day the stock fluctuated 4.41% from a day low at $35.53 to a day high of $37.10. The price has risen in 7 of the last 10 days and is up by 8.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $227.88 thousand.
Given the current short-term trend, the stock is expected to fall -13.12% during the next 3 months and, with a 90% probability hold a price between $28.39 and $31.96 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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PLBC Signals & Forecast
The Plumas Bancorp 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 $35.69 and $34.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 9.82%. 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). Plumas Bancorp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Plumas Bancorp stock
Plumas Bancorp finds support from accumulated volume at $35.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.57 (4.41%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: $35.44 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (PLBC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Plumas Bancorp to open at $36.47, and during the day (based on 14 day Average True Range), to move between $35.92 and $37.66, which gives a possible trading interval of +/-$0.87 (+/-2.37%) up or down from last closing price. If Plumas Bancorp takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.44 (1.77%) than the support at $35.06 (4.70%), 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 Plumas Bancorp stock A Buy?
Plumas Bancorp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Plumas Bancorp of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$36.47 ( 0.86%) | $36.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLBC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 38.04 | 3.40 % | |
R2 | 37.44 | 1.78 % | ||
R1 | 37.07 | 0.769 % | ||
Current price: | 36.79 | |||
Support | S1 | 35.88 | -2.49 % | |
S2 | 35.50 | -3.49 % | ||
S3 | 34.91 | -5.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.92 | 3.07 % | |
R2 | 37.60 | 2.20 % | ||
R1 | 37.44 | 1.77 % | ||
Current price | 36.79 | |||
Support | S1 | 35.06 | -4.70% | |
S2 | 34.11 | -7.28% | ||
S3 | 33.50 | -8.94% |
PLBC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 17, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.270 | 0.739% |
2 | Oct 19, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.250 | 0.737% |
3 | Jul 19, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.250 | 0.750% |
4 | Apr 19, 2023 | Apr 28, 2023 | May 15, 2023 | $0.250 | 0.756% |
5 | Jan 19, 2023 | Jan 31, 2023 | Feb 15, 2023 | $0.250 | 0.568% |
FAQ
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