CNB Financial Corporation Stock Forecast
Green day on Wednesday for CNB Financial Corporation stock after gaining 1.56%
(Updated on Mar 27, 2024)
The CNB Financial Corporation stock price gained 1.56% on the last trading day (Wednesday, 27th Mar 2024), rising from $19.82 to $20.13. During the last trading day the stock fluctuated 1.33% from a day low at $19.95 to a day high of $20.21. The price has been going up and down for this period, and there has been a 0.4% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately $874.65 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.14% during the next 3 months and, with a 90% probability hold a price between $17.10 and $18.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CCNE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 3.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). CNB Financial Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CNB Financial Corporation 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 $20.17. On a fall, the stock will find some support from the short-term average at $20.05. 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.
Support, Risk & Stop-loss for CNB Financial Corporation stock
CNB Financial Corporation finds support from accumulated volume at $20.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.265 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: $19.07 (-5.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (CCNE) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect CNB Financial Corporation to open at $20.10, and during the day (based on 14 day Average True Range), to move between $19.59 and $20.67, which gives a possible trading interval of +/-$0.537 (+/-2.67%) up or down from last closing price. If CNB Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.17 (0.20%) than the support at $20.02 (0.55%), 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.
Is CNB Financial Corporation stock A Buy?
CNB Financial Corporation 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: 0.016 Hold/Accumulate Unchanged
Predicted Opening Price for CNB Financial Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$20.10 ( 0.174%) | $20.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCNE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.36 | 1.14 % | |
R2 | 20.26 | 0.640 % | ||
R1 | 20.20 | 0.329 % | ||
Current price: | 20.13 | |||
Support | S1 | 19.99 | -0.677 % | |
S2 | 19.93 | -0.99 % | ||
S3 | 19.83 | -1.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.57 | 12.12 % | |
R2 | 22.00 | 9.29 % | ||
R1 | 20.17 | 0.199 % | ||
Current price | 20.13 | |||
Support | S1 | 20.02 | -0.546% | |
S2 | 19.99 | -0.695% | ||
S3 | 19.94 | -0.94% |
CCNE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Feb 29, 2024 | $0 | 0% |
2 | Nov 14, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.175 | 0.778% |
3 | Aug 08, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.175 | 0.95% |
4 | May 09, 2023 | May 31, 2023 | Jun 15, 2023 | $0.175 | 0.91% |
5 | Feb 14, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.175 | 0.86% |
FAQ
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