Citizens Inc Stock Forecast
Evaluation of Citizens Inc stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Citizens Inc stock price fell by -1.40% on the last day (Friday, 3rd May 2024) from $2.14 to $2.11. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.85% from a day low at $2.05 to a day high of $2.17. The price has been going up and down for this period, and there has been a 3.94% gain for the last 2 weeks. Volume has increased on the last day by 72 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, 118 thousand shares were bought and sold for approximately $249.55 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.18 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -31.09% during the next 3 months and, with a 90% probability hold a price between $1.16 and $1.50 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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CIA Signals & Forecast
The Citizens 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 $2.14. On a fall, the stock will find some support from the long-term average at approximately $2.09. 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 Friday, April 12, 2024, and so far it has risen 9.90%. Further rise is indicated until a new top pivot has been found. 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. Citizens Inc 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".
Support, Risk & Stop-loss for Citizens Inc stock
Citizens Inc finds support from accumulated volume at $2.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.120 between high and low, or 5.85%. For the last week, the stock has had daily average volatility of 7.39%.
Our recommended stop-loss: $2.03 (-3.77%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (CIA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Citizens Inc to open at $2.11, and during the day (based on 14 day Average True Range), to move between $1.96 and $2.26, which gives a possible trading interval of +/-$0.147 (+/-6.98%) up or down from last closing price. If Citizens Inc takes out the full calculated possible swing range there will be an estimated 13.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.10 (0.47%) than the resistance at $2.12 (0.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Citizens Inc stock A Buy?
Citizens Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.499 Hold/Accumulate Downgraded
Predicted Opening Price for Citizens Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $2.11 ( 0%) | $2.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.23 | 5.69 % | |
| R2 | 2.18 | 3.51 % | ||
| R1 | 2.16 | 2.17 % | ||
| Current price: | 2.11 | |||
| Support | S1 | 2.06 | -2.17 % | |
| S2 | 2.04 | -3.51 % | ||
| S3 | 1.99 | -5.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.21 | 4.74 % | |
| R2 | 2.18 | 3.32 % | ||
| R1 | 2.12 | 0.474 % | ||
| Current price | 2.11 | |||
| Support | S1 | 2.10 | -0.474% | |
| S2 | 2.09 | -0.95% | ||
| S3 | 2.06 | -2.37% |
FAQ
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