Capital City Bank Group Stock Forecast
Red day on Friday for Capital City Bank Group
(Updated on May 17, 2024)
The Capital City Bank Group stock price fell by -0.248% on the last day (Friday, 17th May 2024) from $28.22 to $28.15. During the last trading day the stock fluctuated 1.85% from a day low at $28.06 to a day high of $28.58. The price has been going up and down for this period, and there has been a 2.48% gain for the last 2 weeks. 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 -23 thousand shares and in total, 20 thousand shares were bought and sold for approximately $558.78 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $28.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.58% during the next 3 months and, with a 90% probability hold a price between $24.78 and $27.48 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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CCBG Signals & Forecast
The Capital City Bank Group 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 $27.82 and $27.12. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.248%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Thursday, May 16, 2024 and based on theory for this formation the price should fall by -15.62% to $23.75 within 39 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Capital City Bank Group stock
Capital City Bank Group finds support from accumulated volume at $27.42 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 very controlled movements and therefore the general risk is considered very 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 $0.520 between high and low, or 1.85%. For the last week the stock has had daily average volatility of 2.16%
Our recommended stop-loss: $27.07 (-3.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CCBG) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Capital City Bank Group to open at $28.26, and during the day (based on 14 day Average True Range), to move between $27.53 and $28.77, which gives a possible trading interval of +/-$0.616 (+/-2.19%) up or down from last closing price. If Capital City Bank Group takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.19 (0.14%) than the support at $27.42 (2.59%), 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 Capital City Bank Group stock A Buy?
Capital City Bank Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.994 Hold/Accumulate Unchanged
Predicted Opening Price for Capital City Bank Group of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $28.26 ( 0.403%) | $28.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCBG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.78 | 2.25 % | |
| R2 | 28.58 | 1.54 % | ||
| R1 | 28.46 | 1.11 % | ||
| Current price: | 28.15 | |||
| Support | S1 | 28.06 | -0.303 % | |
| S2 | 27.94 | -0.739 % | ||
| S3 | 27.74 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.35 | 0.710 % | |
| R2 | 28.22 | 0.249 % | ||
| R1 | 28.19 | 0.142 % | ||
| Current price | 28.15 | |||
| Support | S1 | 27.42 | -2.59% | |
| S2 | 27.22 | -3.30% | ||
| S3 | 26.72 | -5.08% |
CCBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 08, 2024 | Mar 25, 2024 | $0.210 | 0.761% |
| 2 | Nov 16, 2023 | Dec 01, 2023 | Dec 18, 2023 | $0.200 | 0.664% |
| 3 | Aug 24, 2023 | Sep 08, 2023 | Sep 25, 2023 | $0.200 | 0.681% |
| 4 | May 25, 2023 | Jun 02, 2023 | Jun 20, 2023 | $0.180 | 0.563% |
| 5 | Feb 23, 2023 | Mar 03, 2023 | Mar 20, 2023 | $0.180 | 0.594% |
FAQ
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