SHBI NEWS why is Shore Bancshares Inc price falling or rising

SHBI NEWS reasons for why stock price of Shore Bancshares Inc is falling or rising

SHBI Shore Bancshares is falling or rising technical reasons

Technical analysis forecast for Shore Bancshares Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Shore Bancshares SHBI at this time. Stock is falling and might fall more.

It appears as if Shore Bancshares SHBI gave a large move recently.

Stock of Shore Bancshares (SHBI) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Shore Bancshares is bearish for shortterm, and stock might move down till 10.3 or till 9.9. Use a stoploss of 10.62 and if the stock hits stoploss, then it can shoot up till 10.93

SHBI Shore Bancshares is falling or rising NEWS fundamental reasons

More announcements and NEWS

SHBI Shore Bancshares Inc current price & indicator signals

Moving Averages for Shore Bancshares Inc

  • 5Day Average: 10.6
  • 12Day Average: 10.41
  • 20Day Average: 10.6
  • 50Day Average: 10.98
  • 100Day Average: 12.01
  • 150Day Average: 11.72
  • 200Day Average: 11.61

SHBI Indicators & signals

Indicator MACD (12,26,9)

10.54, 10.7, -0.2
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 26.67, 23.33
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHBI Shore Bancshares Inc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 10.53 10.48 to 10.68 -0.47% 0.64 times
25 Thu Apr 2024 10.58 10.42 to 10.65 -0.84% 1.08 times
24 Wed Apr 2024 10.67 10.55 to 10.79 0.19% 1.16 times
23 Tue Apr 2024 10.65 10.64 to 10.81 0.66% 0.95 times
22 Mon Apr 2024 10.58 10.51 to 10.65 1.44% 0.98 times
19 Fri Apr 2024 10.43 10.12 to 10.50 2.66% 2.12 times
18 Thu Apr 2024 10.16 10.09 to 10.19 0.79% 1.12 times
17 Wed Apr 2024 10.08 10.06 to 10.35 -0.88% 0.77 times
16 Tue Apr 2024 10.17 10.15 to 10.31 -1.36% 0.89 times
15 Mon Apr 2024 10.31 10.22 to 10.63 -0.48% 0.47 times
12 Fri Apr 2024 10.36 10.23 to 10.51 0.19% 0.47 times
11 Thu Apr 2024 10.34 10.26 to 10.49 -0.58% 0.83 times

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SHBI NEWS why is Shore Bancshares Inc price falling or rising

 

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