Civitas Resources, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Civitas Resources, Inc. stock price down 1.67% on Wednesday
(Updated on May 01, 2024)
The Civitas Resources, Inc. stock price fell by -1.67% on the last day (Wednesday, 1st May 2024) from $71.96 to $70.76. During the last trading day the stock fluctuated 2.53% from a day low at $70.22 to a day high of $72.00. The price has risen in 7 of the last 10 days but is still down by -2.95% 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 -397 thousand shares and in total, 965 thousand shares were bought and sold for approximately $68.29 million.
Given the current short-term trend, the stock is expected to rise 22.67% during the next 3 months and, with a 90% probability hold a price between $86.80 and $98.27 at the end of this 3-month period.
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CIVI Signals & Forecast
There are few to no technical positive signals at the moment. The Civitas Resources, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $73.14 and $73.95. 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 10, 2024, and so far it has fallen -7.47%. 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 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 Civitas Resources, Inc. stock
Civitas Resources, Inc. finds support from accumulated volume at $68.68 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.78 between high and low, or 2.53%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIVI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Civitas Resources, Inc. to open at $70.99, and during the day (based on 14 day Average True Range), to move between $69.02 and $72.50, which gives a possible trading interval of +/-$1.74 (+/-2.46%) up or down from last closing price. If Civitas Resources, Inc. takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $70.81 (0.07%) than the support at $68.68 (2.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Civitas Resources, Inc. will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.51. We will update the financials statements for Civitas Resources, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.64% in the first trading day after earnings release.
Is Civitas Resources, Inc. stock A Buy?
The Civitas Resources, Inc. stock holds several negative signals and despite the positive trend, we believe Civitas Resources, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.494 Sell Candidate Unchanged
Predicted Opening Price for Civitas Resources, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $70.99 ( 0.330%) | $70.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIVI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.77 | 2.85 % | |
| R2 | 72.09 | 1.88 % | ||
| R1 | 71.67 | 1.29 % | ||
| Current price: | 70.76 | |||
| Support | S1 | 70.31 | -0.631 % | |
| S2 | 69.89 | -1.22 % | ||
| S3 | 69.21 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.62 | 6.87 % | |
| R2 | 75.33 | 6.46 % | ||
| R1 | 70.81 | 0.0707 % | ||
| Current price | 70.76 | |||
| Support | S1 | 68.68 | -2.94% | |
| S2 | 67.51 | -4.59% | ||
| S3 | 61.74 | -12.75% |
CIVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.45 | 1.91% |
| 2 | Nov 07, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.500 | 0.731% |
| 3 | Aug 02, 2023 | Sep 14, 2023 | Sep 29, 2023 | $1.24 | 1.53% |
| 4 | May 03, 2023 | Jun 14, 2023 | Jun 29, 2023 | $2.12 | 3.08% |
| 5 | Feb 22, 2023 | Mar 14, 2023 | Mar 30, 2023 | $2.15 | 3.19% |
FAQ
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