Capital City Bank Group stock downgraded to Sell Candidate
(Updated on Dec 03, 2021)

The Capital City Bank Group stock price fell by -2.27% on the last day (Friday, 3rd Dec 2021) from $27.72 to $27.09. During the day the stock fluctuated 4.06% from a day low at $26.59 to a day high of $27.67. The price has fallen in 6 of the last 10 days and is down by -3.46% for this period. Volume has increased on the last day by 49 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 16 thousand shares were bought and sold for approximately $440.51 thousand.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.81 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.53% during the next 3 months and, with a 90% probability hold a price between $33.92 and $37.58 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Capital City Bank Group 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 $27.32 and $27.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -6.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Capital City Bank Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $25.36 and $22.81. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Capital City Bank Group finds support just below today's level at $25.36. If this is broken, then the next support from accumulated volume will be at $22.81 and $22.70.

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 $1.08 (4.06%) between high and low. For the last week, the stock has had a daily average volatility of 4.46%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Capital City Bank Group stock A Buy?

The Capital City Bank Group stock holds several negative signals and despite the positive trend, we believe Capital City Bank Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -3.144

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