Penns Woods Bancorp Stock Forecast
Penns Woods Bancorp stock price ended at $17.52 on Friday, after losing 0.483%.
(Updated on Apr 26, 2024)
The Penns Woods Bancorp stock price fell by -0.483% on the last day (Friday, 26th Apr 2024) from $17.60 to $17.52. During the last trading day the stock fluctuated 2.06% from a day low at $17.49 to a day high of $17.85. The price has fallen in 6 of the last 10 days and is down by -1.88% 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 -33 thousand shares and in total, 21 thousand shares were bought and sold for approximately $363.86 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.17 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.15% during the next 3 months and, with a 90% probability hold a price between $14.57 and $16.34 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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PWOD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 1.36%. 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. The Penns Woods 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 $17.65 and $18.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Penns Woods Bancorp stock
Penns Woods Bancorp finds support from accumulated volume at $17.42 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 $0.360 between high and low, or 2.06%. For the last week the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PWOD) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Penns Woods Bancorp to open at $17.62, and during the day (based on 14 day Average True Range), to move between $16.98 and $18.05, which gives a possible trading interval of +/-$0.532 (+/-3.04%) up or down from last closing price. If Penns Woods Bancorp takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.60 (0.49%) than the support at $17.42 (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.
Earnings coming up
Penns Woods Bancorp will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for Penns Woods Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.60% in the first trading day after earnings release.
Is Penns Woods Bancorp stock A Buy?
Penns Woods 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.
Current score: -1.714 Sell Candidate Unchanged
Predicted Opening Price for Penns Woods Bancorp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $17.62 ( 0.590%) | $17.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PWOD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.98 | 2.65 % | |
| R2 | 17.84 | 1.86 % | ||
| R1 | 17.76 | 1.38 % | ||
| Current price: | 17.52 | |||
| Support | S1 | 17.48 | -0.195 % | |
| S2 | 17.40 | -0.680 % | ||
| S3 | 17.26 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.59 | 11.85 % | |
| R2 | 18.77 | 7.17 % | ||
| R1 | 17.60 | 0.485 % | ||
| Current price | 17.52 | |||
| Support | S1 | 17.42 | -0.542% | |
| S2 | 17.33 | -1.06% | ||
| S3 | 17.28 | -1.34% |
PWOD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 11, 2024 | Mar 26, 2024 | $0.320 | 1.72% |
| 2 | Nov 28, 2023 | Dec 11, 2023 | Dec 22, 2023 | $0.320 | 1.36% |
| 3 | Aug 22, 2023 | Sep 01, 2023 | Sep 19, 2023 | $0.320 | 1.42% |
| 4 | May 23, 2023 | Jun 05, 2023 | Jun 20, 2023 | $0.320 | 1.17% |
| 5 | Feb 28, 2023 | Mar 13, 2023 | Mar 28, 2023 | $0.320 | 1.39% |
FAQ
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