Sterling Bancorp Inc. Stock Forecast
Sterling Bancorp Inc. stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)
The Sterling Bancorp Inc. stock price fell by -1.83% on the last day (Wednesday, 24th Apr 2024) from $4.91 to $4.82. During the last trading day the stock fluctuated 2.92% from a day low at $4.79 to a day high of $4.93. The price has risen in 5 of the last 10 days but is still down by -0.21% for this period. Volume has increased on the last day by 237 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 34 thousand shares were bought and sold for approximately $164.64 thousand.
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 -8.85% during the next 3 months and, with a 90% probability hold a price between $4.17 and $4.70 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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SBT Signals & Forecast
There are mixed signals in the stock today. The Sterling Bancorp Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.98. On a fall, the stock will find some support from the short-term average at $4.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Sterling Bancorp Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.10%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Sterling Bancorp Inc. stock
Sterling Bancorp Inc. finds support from accumulated volume at $4.76 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 $0.140 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Sterling Bancorp Inc. to open at $4.85, and during the day (based on 14 day Average True Range), to move between $4.68 and $4.96, which gives a possible trading interval of +/-$0.138 (+/-2.85%) up or down from last closing price. If Sterling Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.76 (1.24%) than the resistance at $5.00 (3.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sterling Bancorp Inc. stock A Buy?
Sterling Bancorp Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.055 Sell Candidate Downgraded
Predicted Opening Price for Sterling Bancorp Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $4.85 ( 0.553%) | $4.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.99 | 3.46 % | |
| R2 | 4.93 | 2.35 % | ||
| R1 | 4.90 | 1.66 % | ||
| Current price: | 4.82 | |||
| Support | S1 | 4.79 | -0.556 % | |
| S2 | 4.76 | -1.24 % | ||
| S3 | 4.71 | -2.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.33 | 10.58 % | |
| R2 | 5.01 | 3.94 % | ||
| R1 | 5.00 | 3.73 % | ||
| Current price | 4.82 | |||
| Support | S1 | 4.76 | -1.24% | |
| S2 | 4.68 | -2.90% | ||
| S3 | 4.67 | -3.11% |
SBT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 21, 2020 | Feb 20, 2020 | Feb 28, 2020 | $0.0100 | 0.143% |
| 2 | Oct 15, 2019 | Nov 22, 2019 | Nov 29, 2019 | $0.0100 | 0.103% |
| 3 | Jul 19, 2019 | Aug 22, 2019 | Aug 30, 2019 | $0.0100 | 0.107% |
| 4 | May 13, 2019 | May 23, 2019 | May 31, 2019 | $0.0100 | 0.112% |
| 5 | Feb 11, 2019 | Feb 21, 2019 | Feb 28, 2019 | $0.0100 | 0.0991% |
FAQ
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