NASDAQ:SNBC
Delisted

Sun Bancorp Fund Forecast

$24.50
+0 (+0%)
At Close: Feb 14, 2018
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.

Sun Bancorp fund upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Feb 14, 2018)

Hold candidate since Feb 13, 2018 PDF

No changes to the price of Sun Bancorp fund on the last trading day (Wednesday, 14th Feb 2018). During the last trading day the fund fluctuated 0% from a day low at $24.50 to a day high of $24.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sun Bancorp fund with a 90% probability to be traded between $23.84 and $25.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SNBC Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, January 31, 2018, 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 Sun Bancorp fund 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 $24.50 and $24.93. 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 Sun Bancorp fund

Sun Bancorp finds support from accumulated volume at $24.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $23.03 (-6.00%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (SNBC) For The Upcoming Trading Day Of Thursday 15th

For the upcoming trading day on Thursday, 15th we expect Sun Bancorp to open at $24.50, and during the day (based on 14 day Average True Range), to move between $24.30 and $24.70, which gives a possible trading interval of +/-$0.198 (+/-0.81%) up or down from last closing price. If Sun Bancorp takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.45 (0.20%) than the resistance at $24.70 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sun Bancorp fund A Buy?

Sun 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. We have upgraded our analysis conclusion for this fund since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.750 Hold/Accumulate Upgraded

Predicted Opening Price for Sun Bancorp of Thursday, February 15, 2018

Fair opening price February 15, 2018 Current price
$24.50 ( 0%) $24.50

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

Trading levels for SNBC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.50 .
R2 24.50 .
R1 24.50 .
Current price: 24.50
Support S1 24.50 .
S2 24.50 .
S3 24.50 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.00 2.04 %
R2 24.80 1.22 %
R1 24.70 0.82 %
Current price 24.50
Support S1 24.45 -0.204%
S2 24.30 -0.82%
S3 0 .

FAQ

What is the symbol for Sun Bancorp Fund and on which exchange is it traded?
The symbol for Sun Bancorp is SNBC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sun Bancorp Fund?
Sun 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. We have upgraded our analysis conclusion for this fund since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Sun Bancorp Fund?
As of the end of day on the 2018-02-14, the price of an Sun Bancorp (SNBC) share was $24.50.

What is the 52-week high and low for Sun Bancorp Fund?
The 52-week high for Sun Bancorp Fund is $26.70 and the 52-week low is $22.45.
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About Sun Bancorp

Sun Bancorp, Inc. operates as the holding company for Sun National Bank that provides various community banking services to consumers, small businesses, and mid-size companies in New Jersey. The companyÂ’s deposit products include checking accounts, savings accounts, money market accounts, certificates of deposits, and individual retirement accounts, as well as business checking accounts. Its loan portfolio comprises term loans, lines of credit, ... SNBC Profile

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