Republic Bancorp Stock Forecast
Republic Bancorp stock price ended at $49.97 on Tuesday, after gaining 1.79%.
(Updated on Apr 23, 2024)
The Republic Bancorp stock price gained 1.79% on the last trading day (Tuesday, 23rd Apr 2024), rising from $49.09 to $49.97. During the last trading day the stock fluctuated 1.25% from a day low at $49.78 to a day high of $50.40. The price has fallen in 7 of the last 10 days but is still up by 0.22% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 14 thousand shares were bought and sold for approximately $717.12 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 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 $50.19 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 -5.55% during the next 3 months and, with a 90% probability hold a price between $43.11 and $47.40 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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RBCAA Signals & Forecast
The Republic Bancorp 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 $48.34 and $49.09. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Republic Bancorp stock
Republic Bancorp finds support from accumulated volume at $49.37 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 $0.620 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 3.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RBCAA) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Republic Bancorp to open at $50.05, and during the day (based on 14 day Average True Range), to move between $48.52 and $51.42, which gives a possible trading interval of +/-$1.45 (+/-2.90%) up or down from last closing price. If Republic Bancorp takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.99 (0.04%) than the support at $49.37 (1.20%), 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 Republic Bancorp stock A Buy?
Republic Bancorp holds several negative signals and is within a 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: -1.203 Sell Candidate Unchanged
Predicted Opening Price for Republic Bancorp of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $50.05 ( 0.160%) | $49.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBCAA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.67 | 1.40 % | |
| R2 | 50.43 | 0.93 % | ||
| R1 | 50.29 | 0.634 % | ||
| Current price: | 49.97 | |||
| Support | S1 | 49.81 | -0.314 % | |
| S2 | 49.67 | -0.607 % | ||
| S3 | 49.43 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.32 | 6.70 % | |
| R2 | 51.31 | 2.68 % | ||
| R1 | 49.99 | 0.0400 % | ||
| Current price | 49.97 | |||
| Support | S1 | 49.37 | -1.20% | |
| S2 | 48.83 | -2.28% | ||
| S3 | 48.07 | -3.80% |
RBCAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Mar 14, 2024 | Apr 19, 2024 | $0.407 | 0.82% |
| 2 | Nov 15, 2023 | Dec 14, 2023 | Jan 19, 2024 | $0.374 | 0.737% |
| 3 | Jul 19, 2023 | Sep 14, 2023 | Oct 20, 2023 | $0.374 | 0.86% |
| 4 | May 17, 2023 | Jun 15, 2023 | Jul 21, 2023 | $0.374 | 0.81% |
| 5 | Jan 25, 2023 | Mar 16, 2023 | Apr 21, 2023 | $0.374 | 0.91% |
FAQ
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