CBL & Associates Properties 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
CBL & Associates Properties Inc stock upgraded from Hold/Accumulate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The CBL & Associates Properties Inc stock price gained 1.87% on the last trading day (Tuesday, 2nd Jul 2024), rising from $22.97 to $23.40. During the last trading day the stock fluctuated 1.90% from a day low at $23.11 to a day high of $23.55. The price has risen in 6 of the last 10 days and is up by 6.8% over the past 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 88 thousand shares were bought and sold for approximately $2.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $23.31, a level that may pose a second chance to hit a runner. According to fan-theory $24.91 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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CBL Signals & Forecast
Mostly positive signals in the chart today. The CBL & Associates Properties 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 $22.92 and $22.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 7.00%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for CBL & Associates Properties Inc stock
CBL & Associates Properties Inc finds support from accumulated volume at $22.59 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 $0.440 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $22.24 (-4.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (CBL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CBL & Associates Properties Inc to open at $23.35, and during the day (based on 14 day Average True Range), to move between $22.95 and $23.85, which gives a possible trading interval of +/-$0.446 (+/-1.91%) 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 3.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $22.59, some $0.81 (3.46%) from the current price of $23.40, our system finds the risk reward attractive.
Is CBL & Associates Properties Inc stock A Buy?
CBL & Associates Properties Inc holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.130 Strong Buy Candidate Upgraded
Predicted Opening Price for CBL & Associates Properties Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $23.35 ( 0.199%) | $23.40 |
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 | |
|---|---|---|
| R3 | 23.79 | 1.68% |
| R2 | 23.63 | 0.96% |
| R1 | 23.52 | 0.519% |
| Price | 23.40 | |
| S1 | 23.19 | -0.92% |
| S2 | 23.08 | -1.36% |
| S3 | 22.91 | -2.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 23.40 | |
| S1 | 22.59 | -3.46% |
| S2 | 22.36 | -4.44% |
| S3 | 22.10 | -5.56% |
CBL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.400 | 1.71% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.400 | 1.75% |
| 3 | Nov 08, 2023 | Dec 11, 2023 | Dec 29, 2023 | $0.375 | 1.54% |
| 4 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.380 | 1.81% |
| 5 | May 09, 2023 | Jun 13, 2023 | Jun 30, 2023 | $0.375 | 1.70% |
FAQ
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