Cullen/frost Bankers, Inc. Stock Forecast

Red day on Friday for Cullen/frost Bankers, Inc. stock after losing 0.85%
(Updated on Jun 28, 2024)

CFR-PB Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cullen/frost Bankers, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $17.89 and $18.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -7.75%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, December 20, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Cullen/frost Bankers, Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.360 between high and low, or 2.08%. For the last week the stock has had daily average volatility of 1.48%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CFR-PB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cullen/frost Bankers, Inc. to open at $17.51, and during the day (based on 14 day Average True Range), to move between $17.25 and $17.73, which gives a possible trading interval of +/-$0.236 (+/-1.35%) 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 2.70% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $17.64, some $0.150 (0.86%) from the current price of $17.49, our system finds the risk reward not very attractive.

Is Cullen/frost Bankers, Inc. stock A Buy?

Cullen/frost Bankers, Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.130 Sell Candidate Unchanged

Predicted Opening Price for Cullen/frost Bankers, Inc. of Monday, July 1, 2024

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