Cullen/Frost Bankers Inc Stock Forecast
A very red day for Cullen/Frost Bankers Inc stock price after a -5.23% fall in the Thursday trading session
(Updated on Apr 25, 2024)
The Cullen/Frost Bankers Inc stock price fell by -5.23% on the last day (Thursday, 25th Apr 2024) from $116.84 to $110.73. During the last trading day the stock fluctuated 8.81% from a day low at $106.79 to a day high of $116.19. The price has been going up and down for this period, and there has been a 1.11% gain for the last 2 weeks. Volume has increased on the last day by 504 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, 1 million shares were bought and sold for approximately $114.12 million.
The stock lies in the middle of a weak 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 5.90% during the next 3 months and, with a 90% probability hold a price between $113.20 and $123.85 at the end of this 3-month period.
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CFR Signals & Forecast
The Cullen/Frost Bankers Inc 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 $111.89. On a fall, the stock will find some support from the long-term average at approximately $109.31. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -5.23%. 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.
Support, Risk & Stop-loss for Cullen/Frost Bankers Inc stock
Cullen/Frost Bankers Inc finds support from accumulated volume at $109.69 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 $9.41 (8.81%) between high and low. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CFR) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Cullen/Frost Bankers Inc to open at $111.24, and during the day (based on 14 day Average True Range), to move between $107.63 and $113.83, which gives a possible trading interval of +/-$3.10 (+/-2.80%) up or down from last closing price. If Cullen/Frost Bankers Inc takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $109.69 (0.94%) than the resistance at $113.27 (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cullen/Frost Bankers Inc stock A Buy?
The Cullen/Frost Bankers Inc stock holds several negative signals and despite the positive trend, we believe Cullen/Frost Bankers Inc 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 Strong Buy to a Sell candidate.
Current score: -1.284 Sell Candidate Downgraded
Predicted Opening Price for Cullen/Frost Bankers Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $111.24 ( 0.456%) | $110.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CFR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.64 | 8.95 % | |
| R2 | 117.05 | 5.71 % | ||
| R1 | 114.83 | 3.70 % | ||
| Current price: | 110.73 | |||
| Support | S1 | 107.64 | -2.79 % | |
| S2 | 105.42 | -4.79 % | ||
| S3 | 101.83 | -8.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.84 | 5.52 % | |
| R2 | 114.03 | 2.98 % | ||
| R1 | 113.27 | 2.29 % | ||
| Current price | 110.73 | |||
| Support | S1 | 109.69 | -0.94% | |
| S2 | 107.35 | -3.05% | ||
| S3 | 104.88 | -5.28% |
CFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.92 | 0.87% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.92 | 0.85% |
| 3 | Jul 27, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.92 | 0.96% |
| 4 | Apr 27, 2023 | May 30, 2023 | Jun 15, 2023 | $0.87 | 0.768% |
| 5 | Jan 26, 2023 | Feb 27, 2023 | Mar 15, 2023 | $0.87 | 0.82% |
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