In this occasion I want to start with some kind of fundamentals concepts about this bank because this is a regional bank and maybe you dear reader do not like but I'm not trying to force you to buy I only offered analysis and opinions
First: The Avg. Volume is 99,221 this is not bad but it depends on how many shares you intend to buy and how wide it is the Bid–ask spread.
Second: the Beta is 0.31 and if you look the chart you can appreciate this is a low volatility stock this have two implications
1. Is a less risky investing
2. But because is a low volatility maybe do not satisfy your expected return. You decide
Third: the PE Ratio is 23.45 (Is too High or is relative low compared with others in this Industry/Sector)
you have the answer and is your decision, because Fundamentals are your homework.
Now go to the technical aspect and I want to share some thoughts about candlesticks (You do not have to be very LITERAL) because if you observe the chart and identify a candle called "Shooting Star" and the definition of this candle this do not mean is the end of the trend, only because appear one candle we must not get ahead of things.
(Is the end of the last price swing but not the end of the trend. By the way look the big volume this week)
The other technical point here is a recent apparition of a bullish gap in the price now you need to wait for the pullback and something "called fill the gap"
in this occasion the gap is not too big but you always need to wait for the pullback or for some kind o price consolidation between 8.70 and 9.40 approximately.
Daily Chart
https://www.tradingview.com/chart/VEIBUXco/
And the other technical aspect here is the support resistance levels very clear and simple nothing to explain with words just look.
I think that is all
Your Homework
www.thestreet.com/quote/ACFC.html
www.zacks.com/stock/quote/ACFC
financials.morn...rice-ratio.html?t=ACFC&...
www.marketbeat.com/stocks/NASDAQ/ACFC/
Opinions are for educational purposes. I am not licensed to provide investment advice but I try than my opinions looks the more realistic way.
First: The Avg. Volume is 99,221 this is not bad but it depends on how many shares you intend to buy and how wide it is the Bid–ask spread.
Second: the Beta is 0.31 and if you look the chart you can appreciate this is a low volatility stock this have two implications
1. Is a less risky investing
2. But because is a low volatility maybe do not satisfy your expected return. You decide
Third: the PE Ratio is 23.45 (Is too High or is relative low compared with others in this Industry/Sector)
you have the answer and is your decision, because Fundamentals are your homework.
Now go to the technical aspect and I want to share some thoughts about candlesticks (You do not have to be very LITERAL) because if you observe the chart and identify a candle called "Shooting Star" and the definition of this candle this do not mean is the end of the trend, only because appear one candle we must not get ahead of things.
(Is the end of the last price swing but not the end of the trend. By the way look the big volume this week)
The other technical point here is a recent apparition of a bullish gap in the price now you need to wait for the pullback and something "called fill the gap"
in this occasion the gap is not too big but you always need to wait for the pullback or for some kind o price consolidation between 8.70 and 9.40 approximately.
Daily Chart
https://www.tradingview.com/chart/VEIBUXco/
And the other technical aspect here is the support resistance levels very clear and simple nothing to explain with words just look.
I think that is all
Your Homework
www.thestreet.com/quote/ACFC.html
www.zacks.com/stock/quote/ACFC
financials.morn...rice-ratio.html?t=ACFC&...
www.marketbeat.com/stocks/NASDAQ/ACFC/
Opinions are for educational purposes. I am not licensed to provide investment advice but I try than my opinions looks the more realistic way.