Cnb Financial Corporation Stock Forecast
Red day on Wednesday for Cnb Financial Corporation
(Updated on Jun 26, 2024)
The Cnb Financial Corporation stock price fell by -1.55% on the last day (Wednesday, 26th Jun 2024) from $23.00 to $22.64. During the last trading day the stock fluctuated 1.31% from a day low at $22.35 to a day high of $22.64. The price has been going up and down for this period, and there has been a -0.69% loss for the last 2 weeks. Volume has increased on the last day by 702 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, 702 shares were bought and sold for approximately $15.90 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.57% during the next 3 months and, with a 90% probability hold a price between $20.57 and $22.45 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CCNEP Signals & Forecast
There are few to no technical positive signals at the moment. The Cnb Financial Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $22.98 and $22.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -3.64%. 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). Cnb Financial Corporation 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cnb Financial Corporation stock
Cnb Financial Corporation finds support from accumulated volume at $21.99 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 $0.294 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 0.707%.
Our recommended stop-loss: $21.85 (-3.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (CCNEP) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Cnb Financial Corporation to open at $22.55, and during the day (based on 14 day Average True Range), to move between $22.31 and $22.98, which gives a possible trading interval of +/-$0.333 (+/-1.47%) up or down from last closing price. If Cnb Financial Corporation takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.65 (0.03%) than the support at $21.99 (2.89%), 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 Cnb Financial Corporation stock A Buy?
Cnb Financial Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Cnb Financial Corporation of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $22.55 ( 0.432%) | $22.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCNEP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.84 | 0.86% |
| R2 | 22.73 | 0.369% |
| R1 | 22.66 | 0.0631% |
| Price | 22.64 | |
| S1 | 22.43 | -0.93% |
| S2 | 22.36 | -1.23% |
| S3 | 22.25 | -1.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.30 | 2.90% |
| R2 | 23.00 | 1.57% |
| R1 | 22.65 | 0.0274% |
| Price | 22.64 | |
| S1 | 21.99 | -2.89% |
| S2 | 21.96 | -3.02% |
| S3 | 21.73 | -4.04% |
CCNEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 16, 2024 | May 31, 2024 | $0.445 | 1.92% |
| 2 | Feb 01, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.445 | 1.99% |
| 3 | Nov 02, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.445 | 1.97% |
| 4 | Aug 03, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.445 | 1.94% |
| 5 | May 04, 2023 | May 17, 2023 | Jun 01, 2023 | $0.445 | 2.12% |
FAQ
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