BNC Bancorp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
BNC Bancorp stock upgraded to Strong Buy Candidate.
(Updated on Apr 19, 2024)
The BNC Bancorp stock price gained 1.39% on the last trading day (Friday, 19th Apr 2024), rising from $23.04 to $23.36. During the last trading day the stock fluctuated 0.493% from a day low at $23.32 to a day high of $23.44. The price has risen in 9 of the last 10 days and is up by 13.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $82.83 thousand.
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 10.15% during the next 3 months and, with a 90% probability hold a price between $23.01 and $29.25 at the end of this 3-month period.
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YZCAY Signals & Forecast
Mostly positive signals in the chart today. The BNC Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.88 and $22.68. 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 13.95%. 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). BNC Bancorp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BNC Bancorp stock
BNC Bancorp finds support from accumulated volume at $22.90 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 $0.115 between high and low, or 0.493%. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: $22.55 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (YZCAY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect BNC Bancorp to open at $23.37, and during the day (based on 14 day Average True Range), to move between $22.86 and $23.86, which gives a possible trading interval of +/-$0.496 (+/-2.12%) up or down from last closing price. If BNC Bancorp takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.90 (1.97%) than the resistance at $24.00 (2.74%), 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 positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.557 Strong Buy Candidate Upgraded
Predicted Opening Price for BNC Bancorp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $23.37 ( 0.0499%) | $23.36 |
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 | 23.49 | 0.542 % | |
| R2 | 23.44 | 0.354 % | ||
| R1 | 23.42 | 0.238 % | ||
| Current price: | 23.36 | |||
| Support | S1 | 23.33 | -0.138 % | |
| S2 | 23.30 | -0.254 % | ||
| S3 | 23.26 | -0.442 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.41 | 8.78 % | |
| R2 | 25.39 | 8.67 % | ||
| R1 | 24.00 | 2.74 % | ||
| Current price | 23.36 | |||
| Support | S1 | 22.90 | -1.97% | |
| S2 | 21.33 | -8.69% | ||
| S3 | 20.85 | -10.74% |
YZCAY Dividend Payout History
| # | 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
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