BNC Bancorp Stock Forecast

BNC Bancorp stock price down 0% on Thursday
(Updated on Apr 25, 2024)

YZCAY Signals & Forecast

There are mixed signals in the stock today. The BNC 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 $22.32 and $22.39. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.466%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for BNC Bancorp stock

BNC Bancorp finds support from accumulated volume at $21.33 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 1.34%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (YZCAY) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect BNC Bancorp to open at $21.55, and during the day (based on 14 day Average True Range), to move between $21.05 and $22.05, which gives a possible trading interval of +/-$0.500 (+/-2.32%) up or down from last closing price. If BNC Bancorp takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.33 (1.02%) than the resistance at $22.27 (3.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BNC Bancorp stock A Buy?

BNC Bancorp 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.

Current score: -2.304 Sell Candidate Unchanged

Predicted Opening Price for BNC Bancorp of Friday, April 26, 2024

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