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CNB Financial Corporation Stock Forecast NASDAQ:CCNE

$27.20 (-0.84%)

Volume: 72k

Closed: Dec 03, 2021

Hollow Logo Score: 1.181

CNB Financial Corporation Stock Forecast

$27.20 (-0.84%)

Volume: 72k

Closed: Dec 03, 2021

Score Hollow Logo 1.181
Which way will CCNE go? Request
Stop-loss: $26.03 (-4.30%)
Key Stats
P/E Ratio 9.89
Beta 1.02
Trailing Dividend Rate 2.49% ($0.68)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 47 and the stock is currently not being overbought or oversold

Red day on Friday for CNB Financial Corporation
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-10-25 Gain 8.71%

The CNB Financial Corporation stock price fell by -0.84% on the last day (Friday, 3rd Dec 2021) from $27.43 to $27.20. During the day the stock fluctuated 3.01% from a day low at $26.94 to a day high of $27.75. The price has fallen in 6 of the last 10 days and is down by -2.02% for this period. Volume has increased on the last day by 45 thousand 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, 72 thousand shares were bought and sold for approximately $1.97 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.7% during the next 3 months and, with a 90% probability hold a price between $30.63 and $34.20 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -4.76%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The CNB Financial Corporation 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 $27.00 and $26.39. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss

CNB Financial Corporation finds support from accumulated volume at $26.61 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 $0.81 (3.01%) between high and low. For the last week, the stock has had a daily average volatility of 3.16%.

Our recommended stop-loss: $26.03 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Is CNB Financial Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CNB Financial Corporation stock to perform well in the short-term.

Current score: 1.181

Predicted Opening Price for CNB Financial Corporation of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$27.30 $27.20 (Undervalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 3.16 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.16 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $27.42
Price: $27.20
Support: $26.61

CCNE Insider Trading Show all Trades

INSIDER POWER

19.848

Last 100 transactions
Buy: 142 051 | Sell: 7 157 (Shares)
Date Action Amount Person Type
Nov 01, 2021 Buy 2 909 Peduzzi Michael D common stock
Sep 14, 2021 Buy 56 Young Julie M. common stock
Sep 14, 2021 Buy 56 Scott Nicholas N. Jr. common stock
Sep 10, 2021 Buy 5 000 Peduzzi Michael D common stock
Jun 15, 2021 Buy 4 600 Scott Nicholas N. Jr. common stock
Show all Insider Trades
INSIDER POWER

19.848

Last 100 transactions
Buy: 142 051 | Sell: 7 157 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 28.11 3.33 %
27.80 2.20 %
27.61 1.49 %
Current price: 27.20
Support 26.99 -0.78 %
26.80 -1.48 %
26.49 -2.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 27.52 1.18 %
27.50 1.10 %
27.42 0.81 %
Current price 27.20
Support 26.61 -2.17%
24.31 -10.63%
23.89 -12.17%

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About CNB Financial Corporation

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers. The company’s principal products and services comprise checking, savings, and time deposit accounts; and real estate, commercial, industrial, residential, and consumer loans. It also offers various other specialized financial services; and trust and as... Read more

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