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 SBSI
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Green day on Thursday for Southside Bancshares
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.65% PDF

The Southside Bancshares stock price gained 0.654% on the last trading day (Thursday, 28th Mar 2024), rising from $29.04 to $29.23. During the last trading day the stock fluctuated 2.06% from a day low at $28.69 to a day high of $29.28. The price has risen in 7 of the last 10 days and is up by 6.64% 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, 46 thousand more shares were traded than the day before. In total, 127 thousand shares were bought and sold for approximately $3.70 million.

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 -10.27% during the next 3 months and, with a 90% probability hold a price between $24.07 and $27.47 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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SBSI Signals & Forecast

Mostly positive signals in the chart today. The Southside Bancshares 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 $28.56 and $28.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.15%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Southside Bancshares stock

Southside Bancshares finds support from accumulated volume at $28.66 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.590 between high and low, or 2.06%. For the last week, the stock has had daily average volatility of 2.28%.

Our recommended stop-loss: $28.00 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Southside Bancshares to open at $29.07, and during the day (based on 14 day Average True Range), to move between $28.40 and $30.06, which gives a possible trading interval of +/-$0.83 (+/-2.83%) up or down from last closing price. If Southside Bancshares takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.68 (1.54%) than the support at $28.66 (1.95%), 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 Southside Bancshares 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.

Current score: 2.935 Buy Candidate Unchanged

Predicted Opening Price for Southside Bancshares of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$29.07 ( 0.559%) $29.23

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

Trading levels for SBSI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.66 1.46 %
R2 29.43 0.689 %
R1 29.29 0.212 %
Current price: 29.23
Support S1 28.84 -1.33 %
S2 28.70 -1.81 %
S3 28.48 -2.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.75 5.20 %
R2 29.94 2.43 %
R1 29.68 1.54 %
Current price 29.23
Support S1 28.66 -1.95%
S2 28.29 -3.22%
S3 27.61 -5.54%

SBSI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Feb 14, 2024 Feb 29, 2024 $0.360 1.26%
2 Nov 02, 2023 Nov 21, 2023 Dec 07, 2023 $0.370 1.22%
3 Aug 03, 2023 Aug 16, 2023 Sep 01, 2023 $0.350 1.14%
4 May 04, 2023 May 22, 2023 Jun 06, 2023 $0.350 1.21%
5 Feb 02, 2023 Feb 15, 2023 Mar 02, 2023 $0.350 0.93%

FAQ

What is the symbol for Southside Bancshares Stock and on which exchange is it traded?
The symbol for Southside Bancshares is SBSI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Southside Bancshares 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.

How to buy Southside Bancshares Stock?
Southside Bancshares Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Southside Bancshares Stock.

What's the current price of Southside Bancshares Stock?
As of the end of day on the 2024-03-28, the price of an Southside Bancshares (SBSI) share was $29.23.

What is the 52-week high and low for Southside Bancshares Stock?
The 52-week high for Southside Bancshares Stock is $34.40 and the 52-week low is $25.39.

What is the market capitalization of Southside Bancshares Stock?
As of the 2024-03-28, the market capitalization of Southside Bancshares is 884.371M.

When is the next earnings date for Southside Bancshares?
The upcoming earnings date for Southside Bancshares is Apr 23, 2024.
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About Southside Bancshares

Southside Bancshares Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company's loan portfolio comprises consumer loans that include 1-4 family residential loans, home ... SBSI Profile

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