BanColombia SA Stock Forecast
BanColombia SA stock price ended at $32.72 on Tuesday, after losing 2.88%.
(Updated on Apr 30, 2024)
The BanColombia SA stock price fell by -2.88% on the last day (Tuesday, 30th Apr 2024) from $33.69 to $32.72. During the last trading day the stock fluctuated 3.00% from a day low at $32.72 to a day high of $33.70. The price has fallen in 6 of the last 10 days and is down by -2.24% for this period. 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 -48 thousand shares and in total, 268 thousand shares were bought and sold for approximately $8.76 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $31.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.59% during the next 3 months and, with a 90% probability hold a price between $33.91 and $40.37 at the end of this 3-month period.
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CIB Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.24%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BanColombia SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $33.94. On a fall, the stock will find some support from the short-term average at $32.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 for BanColombia SA stock
BanColombia SA finds support from accumulated volume at $32.63 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 $0.98 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIB) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect BanColombia SA to open at $33.05, and during the day (based on 14 day Average True Range), to move between $31.79 and $33.65, which gives a possible trading interval of +/-$0.93 (+/-2.85%) up or down from last closing price. If BanColombia SA takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.63 (0.28%) than the resistance at $34.50 (5.44%), 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
BanColombia SA will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.46. We will update the financials statements for BanColombia SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.57% in the first trading day after earnings release.
Is BanColombia SA stock A Buy?
BanColombia SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.958 Sell Candidate Unchanged
Predicted Opening Price for BanColombia SA of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $33.05 ( 1.00%) | $32.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.03 | 3.99 % | |
| R2 | 33.65 | 2.85 % | ||
| R1 | 33.42 | 2.14 % | ||
| Current price: | 32.72 | |||
| Support | S1 | 32.67 | -0.146 % | |
| S2 | 32.44 | -0.85 % | ||
| S3 | 32.07 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.81 | 9.44 % | |
| R2 | 35.78 | 9.35 % | ||
| R1 | 34.50 | 5.44 % | ||
| Current price | 32.72 | |||
| Support | S1 | 32.63 | -0.275% | |
| S2 | 32.26 | -1.41% | ||
| S3 | 31.43 | -3.94% |
CIB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 11, 2024 | $0.91 | 2.55% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Jan 12, 2024 | $0.88 | 2.78% |
| 3 | Jul 26, 2023 | Sep 28, 2023 | Oct 12, 2023 | $0.89 | 3.54% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Oct 12, 2023 | $0.85 | 3.38% |
| 5 | Mar 20, 2023 | Mar 30, 2023 | Apr 13, 2023 | $0.733 | 2.59% |
FAQ
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