City Holding Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Monday for City Holding Company
(Updated on Apr 15, 2024)
The City Holding Company stock price gained 0.324% on the last trading day (Monday, 15th Apr 2024), rising from $98.78 to $99.10. During the last trading day the stock fluctuated 1.42% from a day low at $97.88 to a day high of $99.27. The price has risen in 6 of the last 10 days but is still down by -3.99% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 60 thousand shares were bought and sold for approximately $5.91 million.
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 -2.95% during the next 3 months and, with a 90% probability hold a price between $94.05 and $101.93 at the end of this 3-month period.
CHCO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.558%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The City Holding Company 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 $100.21 and $101.61. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for City Holding Company stock
City Holding Company finds support from accumulated volume at $98.78 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 $1.39 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHCO) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect City Holding Company to open at $98.75, and during the day (based on 14 day Average True Range), to move between $97.08 and $101.12, which gives a possible trading interval of +/-$2.02 (+/-2.04%) up or down from last closing price. If City Holding Company takes out the full calculated possible swing range there will be an estimated 4.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $98.78 (0.32%) than the resistance at $100.32 (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
City Holding Company will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.84. We will update the financials statements for City Holding Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.57% in the first trading day after earnings release.
Is City Holding Company stock A Buy?
City Holding Company 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: -1.987 Sell Candidate Unchanged
Predicted Opening Price for City Holding Company of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $98.75 ( 0.354%) | $99.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.14 | 1.05 % | |
| R2 | 99.61 | 0.513 % | ||
| R1 | 99.28 | 0.182 % | ||
| Current price: | 99.10 | |||
| Support | S1 | 98.22 | -0.89 % | |
| S2 | 97.89 | -1.22 % | ||
| S3 | 97.36 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.21 | 3.14 % | |
| R2 | 101.56 | 2.48 % | ||
| R1 | 100.32 | 1.23 % | ||
| Current price | 99.10 | |||
| Support | S1 | 98.78 | -0.323% | |
| S2 | 98.55 | -0.555% | ||
| S3 | 0 | . |
CHCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.720 | 0.727% |
| 2 | Nov 14, 2023 | Jan 11, 2024 | Jan 31, 2024 | $0.715 | 0.700% |
| 3 | Sep 27, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.720 | 0.793% |
| 4 | May 31, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.650 | 0.657% |
| 5 | Mar 29, 2023 | Apr 13, 2023 | Jul 31, 2023 | $0.650 | 0.657% |
FAQ
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