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$33.10 (-1.93%)

Volume: 179k

Closed: Dec 08, 2021

Hollow Logo Score: -2.943

BanColombia SA Stock Forecast

$33.10 (-1.93%)

Volume: 179k

Closed: Dec 08, 2021

Score Hollow Logo -2.943
Which way will CIB go? Request
Key Stats
Beta 0.59
Trailing Dividend Rate 1.47% ($0.49)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 60 and the stock is currently not being overbought or oversold

Red day on Wednesday for BanColombia SA
(Updated on Dec 08, 2021)

Sell candidate since 2021-12-07 Loss -1.93%

The BanColombia SA stock price fell by -1.93% on the last day (Wednesday, 8th Dec 2021) from $33.75 to $33.10. and has now fallen 5 days in a row. During the day the stock fluctuated 3.16% from a day low at $32.75 to a day high of $33.79. The price has been going up and down for this period, and there has been a 8.06% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -88 thousand shares and in total, 179 thousand shares were bought and sold for approximately $5.93 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BanColombia SA stock with a 90% probability to be traded between $29.57 and $35.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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 BanColombia SA stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $34.02 and $33.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 02, 2021, and so far it has fallen -6.55%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

BanColombia SA finds support from accumulated volume at $32.42 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 $1.04 between high and low, or 3.16%. For the last week, the stock has had a daily average volatility of 3.22%.

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

Is BanColombia SA stock A Buy?

BanColombia SA holds several negative signals and is within a wide and 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: -2.943

Predicted Opening Price for BanColombia SA of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$33.21 $33.10 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Aug 04, 2021 "Credit Suisse Group" gave "" rating for CIB. The price target was changed from $28.41 to 0.4%.

Volatility and Risk
Daily Average Volatility: 3.22 %
Overall Risk: Very High High Medium Low Very Low
3.22 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $34.14
Price: $33.10
Support: $32.42

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 34.25 3.46 %
33.85 2.27 %
33.61 1.53 %
Current price: 33.10
Support 32.82 -0.86 %
32.57 -1.60 %
32.18 -2.79 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 35.93 8.55 %
34.30 3.63 %
34.14 3.14 %
Current price 33.10
Support 32.42 -2.05%
31.86 -3.75%
31.40 -5.14%

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About BanColombia SA

BanColombia SA Bancolombia S.A. provides various banking products and services to individual, corporate, and government customers. The company operates through ten segments: Banking Colombia, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Banking Panama, Insurance, Off Shore, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, work... Read more

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