Citizens Holding Company Stock Forecast
Citizens Holding Company stock price down 0% on Friday
(Updated on May 03, 2024)
No changes to the price of Citizens Holding Company stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 1.03% from a day low at $7.76 to a day high of $7.84. The price has been going up and down for this period, and there has been a -1.65% loss for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Citizens Holding Company stock with a 90% probability to be traded between $7.72 and $8.02 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.
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CIZN Signals & Forecast
There are few to no technical positive signals at the moment. The Citizens Holding Company 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 $7.83 and $7.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -1.65%. 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 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". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, March 07, 2024 and based on theory for this formation the price should go up by 2.96% to $7.99 within 2 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Citizens Holding Company stock
Citizens Holding Company finds support from accumulated volume at $7.75 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 $0.0800 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 0.438%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIZN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Citizens Holding Company to open at $7.79, and during the day (based on 14 day Average True Range), to move between $7.69 and $7.83, which gives a possible trading interval of +/-$0.0692 (+/-0.89%) up or down from last closing price. If Citizens Holding Company takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.75 (0.13%) than the resistance at $7.80 (0.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Citizens Holding Company stock A Buy?
Citizens Holding Company holds several negative signals and is within a narrow 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: -1.582 Sell Candidate Unchanged
Predicted Opening Price for Citizens Holding Company of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $7.79 ( 0.344%) | $7.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIZN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.87 | 1.37 % | |
| R2 | 7.84 | 0.98 % | ||
| R1 | 7.82 | 0.737 % | ||
| Current price: | 7.76 | |||
| Support | S1 | 7.76 | -0.0502 % | |
| S2 | 7.74 | -0.293 % | ||
| S3 | 7.71 | -0.687 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.89 | 1.68 % | |
| R2 | 7.86 | 1.29 % | ||
| R1 | 7.80 | 0.515 % | ||
| Current price | 7.76 | |||
| Support | S1 | 7.75 | -0.129% | |
| S2 | 7.65 | -1.42% | ||
| S3 | 7.62 | -1.80% |
CIZN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 29, 2024 | $0.160 | 2.04% |
| 2 | Nov 30, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.160 | 2.06% |
| 3 | Sep 12, 2023 | Sep 21, 2023 | Sep 29, 2023 | $0.160 | 1.52% |
| 4 | Jun 02, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.160 | 1.31% |
| 5 | Mar 06, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.240 | 1.99% |
FAQ
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