Community Bank System Inc Stock Forecast
Community Bank System Inc stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Community Bank System Inc stock price gained 1.95% on the last trading day (Friday, 3rd May 2024), rising from $45.12 to $46.00. 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 1.71% from a day low at $45.70 to a day high of $46.48. The price has been going up and down for this period, and there has been a 3.37% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 135 thousand more shares were traded than the day before. In total, 279 thousand shares were bought and sold for approximately $12.86 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Community Bank System Inc stock with a 90% probability to be traded between $40.86 and $47.14 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CBU Signals & Forecast
Mostly positive signals in the chart today. The Community Bank System Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $44.54 and $44.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.76%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Community Bank System Inc stock
Community Bank System Inc finds support from accumulated volume at $44.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.780 between high and low, or 1.71%. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: $44.19 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (CBU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Community Bank System Inc to open at $46.06, and during the day (based on 14 day Average True Range), to move between $44.77 and $47.23, which gives a possible trading interval of +/-$1.23 (+/-2.67%) up or down from last closing price. If Community Bank System Inc takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.93 (2.02%) than the support at $44.49 (3.28%), 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 Community Bank System Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Community Bank System Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.612 Buy Candidate Upgraded
Predicted Opening Price for Community Bank System Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $46.06 ( 0.130%) | $46.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.84 | 1.83 % | |
| R2 | 46.54 | 1.18 % | ||
| R1 | 46.36 | 0.778 % | ||
| Current price: | 46.00 | |||
| Support | S1 | 45.76 | -0.517 % | |
| S2 | 45.58 | -0.92 % | ||
| S3 | 45.28 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.23 | 2.67 % | |
| R2 | 47.22 | 2.65 % | ||
| R1 | 46.93 | 2.02 % | ||
| Current price | 46.00 | |||
| Support | S1 | 44.49 | -3.28% | |
| S2 | 44.30 | -3.70% | ||
| S3 | 42.48 | -7.65% |
CBU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 14, 2024 | Apr 10, 2024 | $0.450 | 1.03% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Jan 10, 2024 | $0.450 | 0.90% |
| 3 | Jul 19, 2023 | Sep 14, 2023 | Oct 10, 2023 | $0.450 | 1.06% |
| 4 | May 17, 2023 | Jun 14, 2023 | Jul 10, 2023 | $0.440 | 0.99% |
| 5 | Feb 15, 2023 | Mar 14, 2023 | Apr 10, 2023 | $0.440 | 0.89% |
FAQ
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