Capital City Bank Group Stock Forecast

Capital City Bank Group stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)

CCBG Signals & Forecast

The Capital City Bank Group 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 $26.60 and $27.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.03%. Further rise is indicated until a new top pivot has been found. Capital City Bank Group 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Capital City Bank Group stock

Capital City Bank Group finds support from accumulated volume at $27.11 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 $0.390 (1.44%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.

Since the Capital City Bank Group has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $26.07 (-4.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (CCBG) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Capital City Bank Group to open at $27.22, and during the day (based on 14 day Average True Range), to move between $26.63 and $27.89, which gives a possible trading interval of +/-$0.630 (+/-2.31%) up or down from last closing price. If Capital City Bank Group takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.11 (0.55%) than the resistance at $27.85 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Capital City Bank Group stock A Buy?

Capital City Bank Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.086 Hold/Accumulate Upgraded

Predicted Opening Price for Capital City Bank Group of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.