Community First Bancorporation Stock Forecast
Community First Bancorporation stock price ended at $7.55 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of Community First Bancorporation stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $7.55 to a day high of $7.55. The price has been going up and down for this period, and there has been a 0.67% gain for the last 2 weeks.
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 14.29% during the next 3 months and, with a 90% probability hold a price between $8.13 and $9.36 at the end of this 3-month period.
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CFOK Signals & Forecast
The Community First Bancorporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.66. On a fall, the stock will find some support from the long-term average at approximately $7.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.667%. Further rise is indicated until a new top pivot has been found. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Community First Bancorporation stock
Community First Bancorporation finds support from accumulated volume at $7.21 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.773%
Our recommended stop-loss: $7.10 (-5.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (CFOK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Community First Bancorporation to open at $7.55, and during the day (based on 14 day Average True Range), to move between $7.45 and $7.65, which gives a possible trading interval of +/-$0.0994 (+/-1.32%) up or down from last closing price. If Community First Bancorporation takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.60 (0.66%) than the support at $7.21 (4.50%), 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 First Bancorporation 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 Community First Bancorporation stock to perform well in the short-term.
Current score: 2.675 Buy Candidate Unchanged
Predicted Opening Price for Community First Bancorporation of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$7.55 ( 0%) | $7.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CFOK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.55 | - |
R2 | 7.55 | - |
R1 | 7.55 | - |
Price | 7.55 | |
S1 | 7.55 | - |
S2 | 7.55 | - |
S3 | 7.55 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.75 | 2.65% |
R2 | 7.70 | 1.99% |
R1 | 7.60 | 0.662% |
Price | 7.55 | |
S1 | 7.21 | -4.50% |
S2 | 7.20 | -4.67% |
S3 | 7.17 | -5.03% |
CFOK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.100 | 1.15% |
FAQ
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