Civista Bancshares Stock Forecast
Red day on Tuesday for Civista Bancshares
(Updated on Apr 23, 2024)
The Civista Bancshares stock price fell by -0.656% on the last day (Tuesday, 23rd Apr 2024) from $15.24 to $15.14. During the last trading day the stock fluctuated 1.99% from a day low at $15.04 to a day high of $15.34. The price has been going up and down for this period, and there has been a 2.57% gain for the last 2 weeks. Volume has increased on the last day by 1 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, 19 thousand shares were bought and sold for approximately $287.90 thousand.
The stock lies in the middle of a wide and 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 -13.26% during the next 3 months and, with a 90% probability hold a price between $12.26 and $13.59 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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CIVB Signals & Forecast
The Civista Bancshares stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.72 and $14.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.95%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Civista Bancshares 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 Civista Bancshares stock
Civista Bancshares finds support from accumulated volume at $14.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 (1.99%) between high and low. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: $14.68 (-3.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CIVB) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Civista Bancshares to open at $15.17, and during the day (based on 14 day Average True Range), to move between $14.71 and $15.57, which gives a possible trading interval of +/-$0.426 (+/-2.81%) up or down from last closing price. If Civista Bancshares takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.24 (0.66%) than the support at $14.92 (1.45%), 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
Civista Bancshares will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.470. We will update the financials statements for Civista Bancshares, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.58% in the first trading day after earnings release.
Is Civista Bancshares stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.684 Buy Candidate Unchanged
Predicted Opening Price for Civista Bancshares of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $15.17 ( 0.220%) | $15.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIVB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.47 | 2.20 % | |
| R2 | 15.36 | 1.44 % | ||
| R1 | 15.29 | 0.98 % | ||
| Current price: | 15.14 | |||
| Support | S1 | 15.06 | -0.537 % | |
| S2 | 14.99 | -1.00 % | ||
| S3 | 14.87 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.44 | 1.98 % | |
| R2 | 15.27 | 0.86 % | ||
| R1 | 15.24 | 0.661 % | ||
| Current price | 15.14 | |||
| Support | S1 | 14.92 | -1.45% | |
| S2 | 14.88 | -1.72% | ||
| S3 | 14.65 | -3.24% |
CIVB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Feb 12, 2024 | Mar 01, 2024 | $0.160 | 1.07% |
| 2 | Oct 26, 2023 | Nov 06, 2023 | Nov 21, 2023 | $0.160 | 1.04% |
| 3 | Jul 27, 2023 | Aug 07, 2023 | Aug 22, 2023 | $0.160 | 0.94% |
| 4 | Apr 28, 2023 | May 08, 2023 | Aug 22, 2023 | $0.150 | 0.89% |
| 5 | Feb 03, 2023 | Feb 13, 2023 | Mar 01, 2023 | $0.140 | 0.644% |
FAQ
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