Codorus Valley Bancorp Stock Forecast
Green day on Friday for Codorus Valley Bancorp stock after gaining 0.268%
(Updated on Apr 26, 2024)
The Codorus Valley Bancorp stock price gained 0.268% on the last trading day (Friday, 26th Apr 2024), rising from $22.41 to $22.47. During the last trading day the stock fluctuated 1.52% from a day low at $22.33 to a day high of $22.67. The price has been going up and down for this period, and there has been a 5.15% gain for the last 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 12 thousand shares were bought and sold for approximately $271.62 thousand. 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 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 -6.92% during the next 3 months and, with a 90% probability hold a price between $19.72 and $21.68 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
The Codorus Valley Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.24 and $22.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.25%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Codorus Valley Bancorp stock
Codorus Valley Bancorp finds support from accumulated volume at $22.31 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.340 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: $21.61 (-3.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CVLY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Codorus Valley Bancorp to open at $22.49, and during the day (based on 14 day Average True Range), to move between $21.98 and $22.96, which gives a possible trading interval of +/-$0.490 (+/-2.18%) up or down from last closing price. If Codorus Valley Bancorp takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.55 (0.36%) than the support at $22.31 (0.71%), 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 Codorus Valley Bancorp 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: 2.129 Buy Candidate Unchanged
Predicted Opening Price for Codorus Valley Bancorp of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$22.49 ( 0.0890%) | $22.47 |
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 | 22.83 | 1.60 % | |
R2 | 22.70 | 1.02 % | ||
R1 | 22.62 | 0.667 % | ||
Current price: | 22.47 | |||
Support | S1 | 22.36 | -0.489 % | |
S2 | 22.28 | -0.85 % | ||
S3 | 22.15 | -1.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.79 | 1.42 % | |
R2 | 22.76 | 1.29 % | ||
R1 | 22.55 | 0.356 % | ||
Current price | 22.47 | |||
Support | S1 | 22.31 | -0.712% | |
S2 | 22.03 | -1.96% | ||
S3 | 21.95 | -2.31% |
CVLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 10, 2024 | May 06, 2024 | May 14, 2024 | $0.170 | 0.754% |
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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