Civista Bancshares Stock Forecast
Civista Bancshares stock price ended at $14.28 on Wednesday, after losing 0%.
(Updated on May 01, 2024)
No changes to the price of Civista Bancshares stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 2.85% from a day low at $14.06 to a day high of $14.46. The price has fallen in 5 of the last 10 days and is down by -0.07% for this period.
The stock lies in the middle of a wide and 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 -6.77% during the next 3 months and, with a 90% probability hold a price between $12.77 and $14.23 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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CIVB 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 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 $14.83 and $14.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -6.97%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Civista Bancshares stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.400 between high and low, or 2.85%. For the last week the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIVB) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Civista Bancshares to open at $14.27, and during the day (based on 14 day Average True Range), to move between $13.85 and $14.71, which gives a possible trading interval of +/-$0.434 (+/-3.04%) up or down from last closing price. If Civista Bancshares takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $14.65, some $0.370 (2.59%) from the current price of $14.28, our system finds the risk reward not very attractive.
Is Civista Bancshares stock A Buy?
Civista Bancshares 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: -4.069 Sell Candidate Unchanged
Predicted Opening Price for Civista Bancshares of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $14.27 ( 0.0927%) | $14.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIVB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.67 | 2.71 % | |
| R2 | 14.51 | 1.64 % | ||
| R1 | 14.42 | 0.98 % | ||
| Current price: | 14.28 | |||
| Support | S1 | 14.11 | -1.16 % | |
| S2 | 14.02 | -1.83 % | ||
| S3 | 13.87 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.92 | 4.48 % | |
| R2 | 14.88 | 4.20 % | ||
| R1 | 14.65 | 2.59 % | ||
| Current price | 14.28 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CIVB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 22, 2024 | $0.160 | 1.12% |
| 2 | Feb 02, 2024 | Feb 12, 2024 | Mar 01, 2024 | $0.160 | 1.07% |
| 3 | Oct 26, 2023 | Nov 06, 2023 | Nov 21, 2023 | $0.160 | 1.04% |
| 4 | Jul 27, 2023 | Aug 07, 2023 | Aug 22, 2023 | $0.160 | 0.94% |
| 5 | Apr 28, 2023 | May 08, 2023 | Aug 22, 2023 | $0.150 | 0.89% |
FAQ
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