Colony Bankcorp Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Colony Bankcorp Inc stock price up 0.89% on Friday
(Updated on May 03, 2024)
The Colony Bankcorp Inc stock price gained 0.89% on the last trading day (Friday, 3rd May 2024), rising from $11.20 to $11.30. It has now gained 3 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 last trading day the stock fluctuated 4.46% from a day low at $11.20 to a day high of $11.70. The price has risen in 7 of the last 10 days and is up by 6.3% 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, 7 thousand more shares were traded than the day before. In total, 37 thousand shares were bought and sold for approximately $414.08 thousand.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $11.20, a level that may pose a second chance to hit a runner. According to fan-theory $12.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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CBAN Signals & Forecast
Mostly positive signals in the chart today. The Colony Bankcorp Inc 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 $11.01 and $10.88. 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 8.13%. 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). Colony Bankcorp Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Colony Bankcorp Inc stock
Colony Bankcorp Inc finds support from accumulated volume at $11.21 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 $0.500 between high and low, or 4.46%. For the last week the stock has had daily average volatility of 3.93%.
Our recommended stop-loss: $10.84 (-4.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (CBAN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Colony Bankcorp Inc to open at $11.40, and during the day (based on 14 day Average True Range), to move between $10.96 and $11.64, which gives a possible trading interval of +/-$0.339 (+/-3.00%) up or down from last closing price. If Colony Bankcorp Inc takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.34 (0.35%) than the support at $11.21 (0.80%), 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 Colony Bankcorp Inc stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 1.283 Buy Candidate Unchanged
Predicted Opening Price for Colony Bankcorp Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $11.40 ( 0.88%) | $11.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBAN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.90 | 5.31 % | |
| R2 | 11.71 | 3.62 % | ||
| R1 | 11.59 | 2.58 % | ||
| Current price: | 11.30 | |||
| Support | S1 | 11.21 | -0.81 % | |
| S2 | 11.09 | -1.85 % | ||
| S3 | 10.90 | -3.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.83 | 4.69 % | |
| R2 | 11.47 | 1.50 % | ||
| R1 | 11.34 | 0.354 % | ||
| Current price | 11.30 | |||
| Support | S1 | 11.21 | -0.796% | |
| S2 | 10.95 | -3.10% | ||
| S3 | 10.76 | -4.78% |
CBAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 22, 2024 | $0.113 | 1.00% |
| 2 | Jan 24, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.113 | 1.00% |
| 3 | Oct 25, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.110 | 1.03% |
| 4 | Jul 26, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.110 | 1.04% |
| 5 | Apr 27, 2023 | May 09, 2023 | May 24, 2023 | $0.110 | 1.18% |
FAQ
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