BNC Bancorp Forecast and Stock Analysis
Technical YZCAY stock analysis for February 15, 2019.
BNC Bancorp fell by -3.13% in the last day from $9.42 to $9.12 The price has been going up and down for this period, and there has been a -2.25% loss for the last 2 weeks. Volume has increased in the last day by 100 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 100 shares bought and sold for approximately $912.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the YZCAY stock was $9.12. This is 3.13% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.00% from a day low at $9.12 to a day high of $9.12.
30 day high of the YZCAY stock price was $9.48 and low was $8.64.
90 day high was $9.75 and low was $7.70.
52 week high for the BNC Bancorp - $17.01 and low - $7.70.
Given the current horizontal trend you can expect BNC Bancorp with 90% probability to be traded between $7.68 and $9.55 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. BNC Bancorp 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-off's". The very low volume increases the risk and reduces the other technical signals issued. BNC Bancorp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $9.23. On a fall, the stock will find some support from the long-term average at approximately $8.69. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
BNC Bancorp finds support from accumulated volume at $8.92.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.00 (0.00%) between high and low. For the last week, the stock has had a daily average volatility of 0.91%.
Our recommended stoploss: $8.71 (-4.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
Very Low Low Medium High Very High
BNC Bancorp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.