Cousins Properties Incorporated Stock Forecast
Green day on Tuesday for Cousins Properties Incorporated stock after gaining 1.43%
(Updated on Apr 23, 2024)
The Cousins Properties Incorporated stock price gained 1.43% on the last trading day (Tuesday, 23rd Apr 2024), rising from $22.38 to $22.70. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.49% from a day low at $22.32 to a day high of $22.88. The price has risen in 6 of the last 10 days but is still down by -3.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 342 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $32.16 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cousins Properties Incorporated stock with a 90% probability to be traded between $21.21 and $23.58 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CUZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.42%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cousins Properties Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $23.01. On a fall, the stock will find some support from the short-term average at $22.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cousins Properties Incorporated stock
Cousins Properties Incorporated finds support from accumulated volume at $22.40 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 $0.555 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $21.64 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CUZ) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Cousins Properties Incorporated to open at $22.63, and during the day (based on 14 day Average True Range), to move between $22.13 and $23.27, which gives a possible trading interval of +/-$0.568 (+/-2.50%) up or down from last closing price. If Cousins Properties Incorporated takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.81 (0.48%) than the support at $22.40 (1.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Cousins Properties Incorporated will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.630. We will update the financials statements for Cousins Properties Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.37% in the first trading day after earnings release.
Is Cousins Properties Incorporated stock A Buy?
Cousins Properties Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.591 Hold/Accumulate Unchanged
Predicted Opening Price for Cousins Properties Incorporated of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$22.63 ( 0.301%) | $22.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.19 | 2.14 % | |
R2 | 22.97 | 1.21 % | ||
R1 | 22.84 | 0.633 % | ||
Current price: | 22.70 | |||
Support | S1 | 22.42 | -1.23 % | |
S2 | 22.29 | -1.81 % | ||
S3 | 22.08 | -2.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.90 | 0.88 % | |
R2 | 22.84 | 0.617 % | ||
R1 | 22.81 | 0.485 % | ||
Current price | 22.70 | |||
Support | S1 | 22.40 | -1.32% | |
S2 | 21.97 | -3.22% | ||
S3 | 21.84 | -3.79% |
CUZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Apr 03, 2024 | Apr 15, 2024 | $0.320 | 1.45% |
2 | Dec 20, 2023 | Jan 03, 2024 | Jan 16, 2024 | $0.320 | 1.35% |
3 | Sep 19, 2023 | Oct 03, 2023 | Oct 13, 2023 | $0.320 | 1.69% |
4 | Jun 20, 2023 | Jul 05, 2023 | Jul 17, 2023 | $0.320 | 1.35% |
5 | Mar 20, 2023 | Apr 04, 2023 | Apr 14, 2023 | $0.320 | 1.59% |
FAQ
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