CBL & Associates Properties Inc Stock Forecast
Green day on Friday for CBL & Associates Properties Inc stock after gaining 0.649%
(Updated on May 03, 2024)
The CBL & Associates Properties Inc stock price gained 0.649% on the last trading day (Friday, 3rd May 2024), rising from $21.57 to $21.71. During the last trading day the stock fluctuated 1.49% from a day low at $21.52 to a day high of $21.84. The price has risen in 5 of the last 10 days but is still down by -0.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately $1.46 million.
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 -9.44% during the next 3 months and, with a 90% probability hold a price between $18.61 and $20.12 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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CBL Signals & Forecast
There are mixed signals in the stock today. The CBL & Associates Properties Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $21.72 and $22.06. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.38%. 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). CBL & Associates Properties 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 CBL & Associates Properties Inc stock
CBL & Associates Properties Inc finds support from accumulated volume at $21.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.320 (1.49%) between high and low. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CBL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect CBL & Associates Properties Inc to open at $21.69, and during the day (based on 14 day Average True Range), to move between $21.27 and $22.15, which gives a possible trading interval of +/-$0.440 (+/-2.03%) up or down from last closing price. If CBL & Associates Properties Inc takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.69 (0.09%) than the resistance at $22.67 (4.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CBL & Associates Properties Inc will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for CBL & Associates Properties Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.52% in the first trading day after earnings release.
Is CBL & Associates Properties Inc stock A Buy?
CBL & Associates Properties Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.427 Sell Candidate Unchanged
Predicted Opening Price for CBL & Associates Properties Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $21.69 ( 0.0921%) | $21.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.01 | 1.38 % | |
| R2 | 21.89 | 0.82 % | ||
| R1 | 21.81 | 0.471 % | ||
| Current price: | 21.71 | |||
| Support | S1 | 21.57 | -0.655 % | |
| S2 | 21.49 | -1.00 % | ||
| S3 | 21.37 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.97 | 10.41 % | |
| R2 | 23.48 | 8.15 % | ||
| R1 | 22.67 | 4.42 % | ||
| Current price | 21.71 | |||
| Support | S1 | 21.69 | -0.0921% | |
| S2 | 21.34 | -1.70% | ||
| S3 | 21.29 | -1.93% |
CBL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.400 | 1.75% |
| 2 | Nov 08, 2023 | Dec 11, 2023 | Dec 29, 2023 | $0.375 | 1.54% |
| 3 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.380 | 1.81% |
| 4 | May 09, 2023 | Jun 13, 2023 | Jun 30, 2023 | $0.375 | 1.70% |
| 5 | Feb 16, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.375 | 1.46% |
FAQ
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