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.

Although my analysis for Shore Bancshares is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 15.3, for a target of 15.7 or 16.06

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: 15.98
  • 12Day Average: 16.3
  • 20Day Average: 16.16
  • 50Day Average: 15.88
  • 100Day Average: 15.45
  • 150Day Average: 14.89
  • 200Day Average: 13.97

SHBI Indicators & signals

Indicator MACD (12,26,9)

16.08, 16.02, 0.17
Indicator MACD is in positive zone

Indicator ADX (14)

10, 19.15, 23.4
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
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
21 Fri Feb 2025 15.30 15.29 to 16.23 -3.89% 1.11 times
20 Thu Feb 2025 15.92 15.79 to 16.22 -1.79% 0.92 times
19 Wed Feb 2025 16.21 16.06 to 16.27 0% 0.77 times
19 Wed Feb 2025 16.21 16.06 to 16.27 -0.25% 0.77 times
18 Tue Feb 2025 16.25 16.22 to 16.49 -1.16% 0.81 times
14 Fri Feb 2025 16.44 16.34 to 16.72 -0.36% 0.55 times
13 Thu Feb 2025 16.50 16.32 to 16.52 -0.06% 0.92 times
12 Wed Feb 2025 16.51 16.41 to 16.64 -1.43% 0.86 times
11 Tue Feb 2025 16.75 16.35 to 16.80 1.95% 1.29 times
10 Mon Feb 2025 16.43 16.29 to 16.87 -0.36% 1.16 times
07 Fri Feb 2025 16.49 16.40 to 17.17 -0.66% 1.95 times
06 Thu Feb 2025 16.60 16.25 to 16.88 2.09% 2.39 times

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SHBI NEWS why is Shore Bancshares Inc price falling or rising

 

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