Citi Trends Stock Forecast
Citi Trends stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Citi Trends stock price fell by -0.80% on the last day (Thursday, 18th Apr 2024) from $22.37 to $22.19. During the last trading day the stock fluctuated 4.49% from a day low at $22.18 to a day high of $23.17. The price has fallen in 9 of the last 10 days and is down by -12.19% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -132 shares and in total, 54 thousand shares were bought and sold for approximately $1.20 million.
Given the current short-term trend, the stock is expected to fall -12.04% during the next 3 months and, with a 90% probability hold a price between $19.52 and $26.45 at the end of this 3-month period.
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CTRN Signals & Forecast
There are few to no technical positive signals at the moment. The Citi Trends stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $22.78 and $27.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -30.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Citi Trends stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $1.00 between high and low, or 4.49%. For the last week the stock has had daily average volatility of 4.44%.
Citi Trends is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CTRN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Citi Trends to open at $22.51, and during the day (based on 14 day Average True Range), to move between $20.95 and $23.43, which gives a possible trading interval of +/-$1.24 (+/-5.60%) up or down from last closing price. If Citi Trends takes out the full calculated possible swing range there will be an estimated 11.19% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $22.52, some $0.330 (1.49%) from the current price of $22.19, our system finds the risk reward not very attractive.
Is Citi Trends stock A Buy?
Citi Trends holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.871 Sell Candidate Upgraded
Predicted Opening Price for Citi Trends of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $22.51 ( 1.45%) | $22.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTRN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.51 | 5.93 % | |
| R2 | 23.13 | 4.22 % | ||
| R1 | 22.89 | 3.16 % | ||
| Current price: | 22.19 | |||
| Support | S1 | 22.13 | -0.263 % | |
| S2 | 21.90 | -1.32 % | ||
| S3 | 21.52 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.93 | 21.36 % | |
| R2 | 26.87 | 21.09 % | ||
| R1 | 22.52 | 1.49 % | ||
| Current price | 22.19 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CTRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2020 | Mar 02, 2020 | Mar 17, 2020 | $0.0800 | 0.556% |
| 2 | Nov 22, 2019 | Dec 09, 2019 | Dec 24, 2019 | $0.0800 | 0.358% |
| 3 | Aug 22, 2019 | Aug 30, 2019 | Sep 17, 2019 | $0.0800 | 0.441% |
| 4 | May 21, 2019 | Jun 03, 2019 | Jun 18, 2019 | $0.0800 | 0.528% |
| 5 | Feb 12, 2019 | Mar 04, 2019 | Mar 19, 2019 | $0.0800 | 0.406% |
FAQ
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