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AI Analysis of YZCAY
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BNC Bancorp stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 16, 2024)

Buy candidate since Apr 16, 2024 PDF

The BNC Bancorp stock price gained 2.01% on the last trading day (Tuesday, 16th Apr 2024), rising from $22.61 to $23.07. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.34% from a day low at $22.32 to a day high of $23.07. The price has risen in 8 of the last 10 days and is up by 11% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 689 shares were bought and sold for approximately $15.89 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.46% during the next 3 months and, with a 90% probability hold a price between $23.19 and $29.60 at the end of this 3-month period.

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YZCAY Signals & Forecast

The BNC Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.27 and $22.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 12.51%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for BNC Bancorp stock

On the downside, the stock finds support just below today's level from accumulated volume at $21.33 and $20.85. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BNC Bancorp finds support just below today's level at $21.33. If this is broken, then the next support from accumulated volume will be at $20.85 and $19.71.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.745 between high and low, or 3.34%. For the last week the stock has had daily average volatility of 1.81%.

Since the BNC Bancorp has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $22.33 (-3.18%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (YZCAY) For The Upcoming Trading Day Of Wednesday 17th

For the upcoming trading day on Wednesday, 17th we expect BNC Bancorp to open at $22.82, and during the day (based on 14 day Average True Range), to move between $22.57 and $23.56, which gives a possible trading interval of +/-$0.498 (+/-2.16%) up or down from last closing price. If BNC Bancorp takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.00 (4.05%) than the support at $21.33 (7.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is BNC Bancorp stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BNC Bancorp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.179 Buy Candidate Upgraded

Predicted Opening Price for BNC Bancorp of Wednesday, April 17, 2024

Fair opening price April 17, 2024 Current price
$22.82 ( 1.08%) $23.07

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

Trading levels for YZCAY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.56 2.15 %
R2 23.28 0.92 %
R1 23.10 0.157 %
Current price: 23.07
Support S1 22.53 -2.31 %
S2 22.36 -3.07 %
S3 22.07 -4.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.41 10.17 %
R2 25.39 10.06 %
R1 24.00 4.05 %
Current price 23.07
Support S1 21.33 -7.52%
S2 20.85 -9.60%
S3 19.71 -14.55%

YZCAY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 07, 2023 Jul 03, 2023 Aug 14, 2023 $1.74 11.69%
2 Jul 01, 2022 Jul 01, 2022 Aug 01, 2022 $0.597 2.83%
3 Jun 22, 2021 Jun 22, 2021 Aug 13, 2021 $0.623 6.61%
4 Jun 24, 2020 Jun 24, 2020 Aug 17, 2020 $0.82 15.13%
5 Nov 07, 2019 Nov 07, 2019 Dec 23, 2019 $1.42 23.84%

FAQ

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

Should I buy or sell BNC Bancorp Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BNC Bancorp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of BNC Bancorp Stock?
As of the end of day on the 2024-04-16, the price of an BNC Bancorp (YZCAY) share was $23.07.

What is the 52-week high and low for BNC Bancorp Stock?
The 52-week high for BNC Bancorp Stock is $36.43 and the 52-week low is $13.70.

What is the market capitalization of BNC Bancorp Stock?
As of the 2024-04-16, the market capitalization of BNC Bancorp is 22.229B.
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About BNC Bancorp

BNC Ban Yankuang Energy Group Company Limited engages in the mining, preparation, and sale of coal worldwide. It offers thermal, PCI, and coking coal for electric power, metallurgy and chemical industry, etc.; produces and sells coal chemicals, as well as electricity and related heat supply services; explores for potash mineral; manufactures, installs, repairs, and sells coal mining and excavating equipment, cable, and electrical equipment; and sells con... YZCAY Profile

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