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, but trade for tomorrow is selective. Take a sell trade only if Shore Bancshares stays below 13.4, but if it comes above 13.4, then a intra day buy could be more profitable.
If you take a sell trade below 13.4, then use 13.4 as stoploss and 13 as target. However if you take a buy trade in Shore Bancshares, then use 13.4 as stoploss and 13.78 as target.

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: 13.56
  • 12Day Average: 13.86
  • 20Day Average: 13.9
  • 50Day Average: 13.71
  • 100Day Average: 12.69
  • 150Day Average: 12.09
  • 200Day Average: 12.16

SHBI Indicators & signals

Indicator MACD (12,26,9)

13.72, 13.79, 0.03
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 18.42, 21.05
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 58
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
04 Fri Oct 2024 13.39 13.32 to 13.57 0.37% 0.87 times
03 Thu Oct 2024 13.34 13.28 to 13.46 -1.11% 0.58 times
02 Wed Oct 2024 13.49 13.43 to 13.78 -0.66% 0.44 times
01 Tue Oct 2024 13.58 13.53 to 14.16 -2.93% 0.55 times
30 Mon Sep 2024 13.99 13.72 to 14.05 1.67% 0.51 times
27 Fri Sep 2024 13.76 13.75 to 14.02 -0.22% 0.81 times
26 Thu Sep 2024 13.79 13.77 to 14.04 -0.36% 0.81 times
25 Wed Sep 2024 13.84 13.77 to 14.11 -1.07% 1.11 times
24 Tue Sep 2024 13.99 13.98 to 14.20 -0.99% 0.72 times
23 Mon Sep 2024 14.13 14.10 to 14.43 -1.33% 0.91 times
20 Fri Sep 2024 14.32 14.27 to 14.71 -2.78% 3.57 times
19 Thu Sep 2024 14.73 14.39 to 14.78 3.01% 1.14 times

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SHBI NEWS why is Shore Bancshares Inc price falling or rising

 

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