Cousins Properties Incorporated Stock Forecast
Green day on Thursday for Cousins Properties Incorporated stock after gaining 0.639%
(Updated on Apr 18, 2024)
The Cousins Properties Incorporated stock price gained 0.639% on the last trading day (Thursday, 18th Apr 2024), rising from $21.90 to $22.04. During the last trading day the stock fluctuated 1.68% from a day low at $21.77 to a day high of $22.13. The price has been going up and down for this period, and there has been a -2.52% loss for the last 2 weeks. Volume fell on the last day by -257 thousand shares and in total, 672 thousand shares were bought and sold for approximately $14.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $21.58 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Cousins Properties Incorporated stock with a 90% probability to be traded between $21.30 and $23.65 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 1.38%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 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 $22.22 and $23.08. A break-up above any of these levels will issue buy signals. 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 $21.97 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 $0.365 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CUZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Cousins Properties Incorporated to open at $21.98, and during the day (based on 14 day Average True Range), to move between $21.45 and $22.63, which gives a possible trading interval of +/-$0.594 (+/-2.70%) up or down from last closing price. If Cousins Properties Incorporated takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.97 (0.32%) than the resistance at $22.81 (3.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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 negative signals and is within a 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.
Current score: -2.324 Sell Candidate Unchanged
Predicted Opening Price for Cousins Properties Incorporated of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $21.98 ( 0.280%) | $22.04 |
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 | 22.34 | 1.38 % | |
| R2 | 22.20 | 0.744 % | ||
| R1 | 22.12 | 0.353 % | ||
| Current price: | 22.04 | |||
| Support | S1 | 21.84 | -0.91 % | |
| S2 | 21.75 | -1.30 % | ||
| S3 | 21.61 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.90 | 3.90 % | |
| R2 | 22.84 | 3.63 % | ||
| R1 | 22.81 | 3.49 % | ||
| Current price | 22.04 | |||
| Support | S1 | 21.97 | -0.318% | |
| S2 | 21.87 | -0.771% | ||
| S3 | 21.84 | -0.91% |
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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