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Stop-loss: $42.32 (-4.02%)
Key Stats
P/E Ratio 25.70
Beta 0.8
Trailing Dividend Rate 2.43% ($1.07)
Next Dividend Date September 02, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 72 and the stock is currently not being overbought or oversold

Evaluation of Cass Information Systems stock downgraded after the last trading session. (Updated on July 30, 2021)


Buy or Hold candidate since 2021-07-28 Gain 4.63%

The Cass Information Systems stock price gained 3.52% on the last trading day (Friday, 30th Jul 2021), rising from $42.59 to $44.09. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.81% from a day low at $42.48 to a day high of $44.10. The price has risen in 7 of the last 10 days and is up by 7.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 71 thousand shares were bought and sold for approximately $3.15 million.

Given the current short-term trend, the stock is expected to fall -12.46% during the next 3 months and, with a 90% probability hold a price between $34.15 and $38.60 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.

Signals & Forecast

The Cass Information Systems 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 $41.81 and $41.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, July 14, 2021, and so far it has risen 9.62%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

Cass Information Systems finds support from accumulated volume at $41.93 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.62 between high and low, or 3.81%. For the last week the stock has had a daily average volatility of 2.69%.

Our recommended stop-loss: $42.32 (-4.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Is Cass Information Systems stock A Buy?

Cass Information Systems 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000

Predicted Opening Price for Cass Information Systems of Monday, August 2, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price August 2, 2021 Current price
$43.56 $44.09 (Overvalued)
Hold/Accumulate Downgraded

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Volatility
2.69 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $44.46
Price: $44.09
Support: $41.93

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 45.18 2.46 %
44.56 1.06 %
44.18 0.19 %
Current price: 44.09
Support 42.94 -2.61 %
42.56 -3.48 %
41.94 -4.88 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 46.29 4.99 %
44.96 1.97 %
44.46 0.84 %
Current price 44.09
Support 41.93 -4.90%
40.60 -7.92%
40.34 -8.51%

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About Cass Information Systems

Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The company’s services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. It also processes and pays energy invoices, including electri... Read more

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