TrustCo Bank Corp NY Stock Forecast
TrustCo Bank Corp NY stock price up 0.193% on Thursday
(Updated on Apr 18, 2024)
The TrustCo Bank Corp NY stock price gained 0.193% on the last trading day (Thursday, 18th Apr 2024), rising from $25.91 to $25.96. During the last trading day the stock fluctuated 1.20% from a day low at $25.86 to a day high of $26.17. The price has risen in 6 of the last 10 days but is still down by -4.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 529 more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately $1.59 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.86 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.15% during the next 3 months and, with a 90% probability hold a price between $23.50 and $25.28 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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TRST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.193%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TrustCo Bank Corp NY 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 $26.11 and $27.10. 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).
Support, Risk & Stop-loss for TrustCo Bank Corp NY stock
TrustCo Bank Corp NY finds support from accumulated volume at $25.91 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 $0.310 between high and low, or 1.20%. For the last week, the stock has had daily average volatility of 1.58%.
TrustCo Bank Corp NY is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRST) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect TrustCo Bank Corp NY to open at $26.00, and during the day (based on 14 day Average True Range), to move between $25.38 and $26.54, which gives a possible trading interval of +/-$0.580 (+/-2.23%) up or down from last closing price. If TrustCo Bank Corp NY takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.91 (0.19%) than the resistance at $26.98 (3.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TrustCo Bank Corp NY will release earnings AMC on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.600. We will update the financials statements for TrustCo Bank Corp NY, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.83% in the first trading day after earnings release.
Is TrustCo Bank Corp NY stock A Buy?
TrustCo Bank Corp NY 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: -2.402 Sell Candidate Unchanged
Predicted Opening Price for TrustCo Bank Corp NY of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $26.00 ( 0.141%) | $25.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.31 | 1.34 % | |
| R2 | 26.19 | 0.88 % | ||
| R1 | 26.12 | 0.597 % | ||
| Current price: | 25.96 | |||
| Support | S1 | 25.88 | -0.315 % | |
| S2 | 25.81 | -0.597 % | ||
| S3 | 25.69 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.30 | 9.01 % | |
| R2 | 27.76 | 6.93 % | ||
| R1 | 26.98 | 3.93 % | ||
| Current price | 25.96 | |||
| Support | S1 | 25.91 | -0.193% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TRST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 29, 2024 | Apr 01, 2024 | $0.360 | 1.28% |
| 2 | Nov 21, 2023 | Nov 30, 2023 | Jan 02, 2024 | $0.360 | 1.15% |
| 3 | Aug 15, 2023 | Aug 31, 2023 | Oct 02, 2023 | $0.360 | 1.32% |
| 4 | May 16, 2023 | Jun 01, 2023 | Jul 03, 2023 | $0.360 | 1.22% |
| 5 | Feb 21, 2023 | Mar 02, 2023 | Apr 03, 2023 | $0.360 | 1.13% |
FAQ
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