CB Financial Services 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
Weaker technical forecast for CB Financial Services as stock downgraded to Hold/Accumulate.
(Updated on Apr 30, 2024)
The CB Financial Services stock price fell by -0.314% on the last day (Tuesday, 30th Apr 2024) from $22.28 to $22.21. During the last trading day the stock fluctuated 1.79% from a day low at $21.82 to a day high of $22.21. The price has risen in 6 of the last 10 days and is up by 4.08% over the past 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 -915 shares and in total, 1 thousand shares were bought and sold for approximately $28.16 thousand.
The stock lies the upper part of a 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 $22.58 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 -6.34% during the next 3 months and, with a 90% probability hold a price between $19.31 and $21.15 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CBFV Signals & Forecast
The CB Financial Services 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 $21.91 and $21.63. 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 Friday, April 26, 2024, and so far it has fallen -1.86%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CB Financial Services stock
CB Financial Services finds support from accumulated volume at $21.85 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 $0.390 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 2.45%
The CB Financial Services stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $21.30 (-4.09%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CBFV) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect CB Financial Services to open at $22.08, and during the day (based on 14 day Average True Range), to move between $21.88 and $22.54, which gives a possible trading interval of +/-$0.326 (+/-1.47%) up or down from last closing price. If CB Financial Services takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.37 (0.72%) than the support at $21.85 (1.62%), 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 CB Financial Services stock A Buy?
CB Financial Services 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: 0.331 Hold/Accumulate Downgraded
Predicted Opening Price for CB Financial Services of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $22.08 ( 0.585%) | $22.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBFV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.47 | 1.17 % | |
| R2 | 22.32 | 0.500 % | ||
| R1 | 22.23 | 0.0855 % | ||
| Current price: | 22.21 | |||
| Support | S1 | 21.93 | -1.26 % | |
| S2 | 21.84 | -1.67 % | ||
| S3 | 21.69 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.51 | 5.85 % | |
| R2 | 23.39 | 5.31 % | ||
| R1 | 22.37 | 0.720 % | ||
| Current price | 22.21 | |||
| Support | S1 | 21.85 | -1.62% | |
| S2 | 21.82 | -1.76% | ||
| S3 | 21.52 | -3.11% |
CBFV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.250 | 1.12% |
| 2 | Jan 31, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.250 | 1.10% |
| 3 | Oct 27, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.250 | 1.16% |
| 4 | Jul 28, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.250 | 1.16% |
| 5 | Apr 28, 2023 | May 12, 2023 | May 31, 2023 | $0.250 | 1.29% |
FAQ
Click here for our free guide on how to buy CB Financial Services Stock.
