Codorus Valley Bancorp Stock Forecast
Codorus Valley Bancorp stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Codorus Valley Bancorp stock price fell by -0.0936% on the last day (Thursday, 18th Apr 2024) from $21.37 to $21.35. During the last trading day the stock fluctuated 1.41% from a day low at $21.35 to a day high of $21.65. The price has fallen in 6 of the last 10 days and is down by -2.73% for this period. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately $422.45 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 -11.13% during the next 3 months and, with a 90% probability hold a price between $17.89 and $19.46 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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CVLY Signals & Forecast
There are few to no technical positive signals at the moment. The Codorus Valley Bancorp 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 $21.43 and $22.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -10.29%. 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). Codorus Valley Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Codorus Valley Bancorp 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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.300 (1.41%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.
Codorus Valley Bancorp is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CVLY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Codorus Valley Bancorp to open at $21.45, and during the day (based on 14 day Average True Range), to move between $20.94 and $21.76, which gives a possible trading interval of +/-$0.413 (+/-1.93%) up or down from last closing price. If Codorus Valley Bancorp takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $21.67, some $0.320 (1.50%) from the current price of $21.35, our system finds the risk reward not very attractive.
Earnings coming up
Codorus Valley Bancorp will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.470. We will update the financials statements for Codorus Valley Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.67% in the first trading day after earnings release.
Is Codorus Valley Bancorp stock A Buy?
Codorus Valley Bancorp holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.150 Sell Candidate Downgraded
Predicted Opening Price for Codorus Valley Bancorp of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$21.45 ( 0.468%) | $21.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVLY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.75 | 1.87 % | |
R2 | 21.64 | 1.34 % | ||
R1 | 21.56 | 1.01 % | ||
Current price: | 21.35 | |||
Support | S1 | 21.34 | -0.0684 % | |
S2 | 21.26 | -0.400 % | ||
S3 | 21.15 | -0.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.03 | 3.19 % | |
R2 | 21.95 | 2.81 % | ||
R1 | 21.67 | 1.50 % | ||
Current price | 21.35 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
CVLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 10, 2024 | May 06, 2024 | May 14, 2024 | $0.170 | 0.795% |
2 | Jan 09, 2024 | Jan 22, 2024 | Feb 13, 2024 | $0.170 | 0.762% |
3 | Oct 10, 2023 | Oct 23, 2023 | Nov 14, 2023 | $0.170 | 0.82% |
4 | Jul 11, 2023 | Jul 24, 2023 | Aug 08, 2023 | $0.170 | 0.777% |
5 | Apr 11, 2023 | Apr 24, 2023 | May 09, 2023 | $0.160 | 0.99% |
FAQ
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