Stronger technical forecast for Civista Bancshares stock price after Monday trading.
(Updated on Nov 29, 2021)
Hold candidate since 2021-11-29 PDF
The Civista Bancshares stock price fell by -1.37% on the last day (Monday, 29th Nov 2021) from $24.16 to $23.83. and has now fallen 4 days in a row. During the day the stock fluctuated 4.67% from a day low at $23.75 to a day high of $24.86. The price has fallen in 6 of the last 10 days and is down by -5.62% 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 -1 thousand shares and in total, 27 thousand shares were bought and sold for approximately $641.67 thousand.
Given the current short-term trend, the stock is expected to rise 12.93% during the next 3 months and, with a 90% probability hold a price between $26.91 and $29.24 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Civista Bancshares 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 $24.98 and $24.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -7.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss
Civista Bancshares finds support from accumulated volume at $23.08 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $1.11 between high and low, or 4.67%. For the last week the stock has had a daily average volatility of 3.53%
Our recommended stop-loss: $22.32 (-6.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Is Civista Bancshares stock A Buy?
Civista Bancshares holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.634
Predicted Opening Price for Civista Bancshares of Tuesday, November 30, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 30, 2021||Current price|
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DA Davidson is very positive about CIVB and gave it a "Neutral - Buy" rating on Jan 04, 2021. The price target was changed from $19.00 to $24.00.
CIVB Insider Trading
|Oct 22, 2021||Sell||2 231||Betts John A||Common|
|Aug 02, 2021||Buy||14||Betts John A||Common|
|Jul 28, 2021||Buy||325||Singer Harry||Common|
|May 27, 2021||Buy||628||Nickles Allen R||Common|
|May 27, 2021||Buy||628||Miller James O||Common|
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