Sound Financial Bancorp Stock Forecast
Red day on Friday for Sound Financial Bancorp
(Updated on Apr 26, 2024)
No changes to the price of Sound Financial Bancorp stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $39.15 to a day high of $39.15. The price has been going up and down for this period, and there has been a -3.47% loss for the last 2 weeks.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $39.19. A reaction back to this level may hold a second chance to get out before further falls.
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SFBC Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has fallen 0%. 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 Sound Financial 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 $39.50 and $40.32. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sound Financial Bancorp stock
Sound Financial Bancorp finds support from accumulated volume at $39.10 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.230%
Sound Financial Bancorp is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $36.43 (-6.94%) (This stock has low daily movements and this gives low risk. Low RSI14 is 3 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (SFBC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Sound Financial Bancorp to open at $39.15, and during the day (based on 14 day Average True Range), to move between $38.98 and $39.32, which gives a possible trading interval of +/-$0.168 (+/-0.43%) up or down from last closing price. If Sound Financial Bancorp takes out the full calculated possible swing range there will be an estimated 0.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.10 (0.13%) than the resistance at $39.60 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sound Financial Bancorp stock A Buy?
Sound Financial Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Sound Financial Bancorp of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$39.15 ( 0%) | $39.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFBC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.15 | . | |
R2 | 39.15 | . | ||
R1 | 39.15 | . | ||
Current price: | 39.15 | |||
Support | S1 | 39.15 | . | |
S2 | 39.15 | . | ||
S3 | 39.15 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.25 | 2.81 % | |
R2 | 39.75 | 1.53 % | ||
R1 | 39.60 | 1.15 % | ||
Current price | 39.15 | |||
Support | S1 | 39.10 | -0.128% | |
S2 | 39.00 | -0.383% | ||
S3 | 0 | . |
SFBC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 26, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.190 | 0.478% |
2 | Oct 24, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.190 | 0.528% |
3 | Jul 25, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.190 | 0.508% |
4 | Apr 24, 2023 | May 09, 2023 | May 24, 2023 | $0.190 | 0.508% |
5 | Jan 27, 2023 | Feb 08, 2023 | Feb 23, 2023 | $0.170 | 0.423% |
FAQ
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