ChoiceOne Financial Services, Inc. Stock Forecast
ChoiceOne Financial Services, Inc. stock price up 1.14% on Friday
(Updated on May 03, 2024)
The ChoiceOne Financial Services, Inc. stock price gained 1.14% on the last trading day (Friday, 3rd May 2024), rising from $25.45 to $25.74. During the last trading day the stock fluctuated 1.39% from a day low at $25.39 to a day high of $25.74. The price has risen in 6 of the last 10 days and is up by 6.76% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately $64.79 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $25.69, a level that may pose a second chance to hit a runner. According to fan-theory $29.87 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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COFS Signals & Forecast
The ChoiceOne Financial Services, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.01 and $24.97. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -0.155%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ChoiceOne Financial Services, Inc. stock
ChoiceOne Financial Services, Inc. finds support from accumulated volume at $25.55 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.352 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 4.32%.
Our recommended stop-loss: $24.92 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (COFS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ChoiceOne Financial Services, Inc. to open at $25.62, and during the day (based on 14 day Average True Range), to move between $24.54 and $26.94, which gives a possible trading interval of +/-$1.20 (+/-4.65%) up or down from last closing price. If ChoiceOne Financial Services, Inc. takes out the full calculated possible swing range there will be an estimated 9.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.55 (0.74%) than the resistance at $26.16 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ChoiceOne Financial Services, Inc. stock A Buy?
ChoiceOne Financial Services, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.787 Hold/Accumulate Unchanged
Predicted Opening Price for ChoiceOne Financial Services, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $25.62 ( 0.456%) | $25.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.98 | 0.91 % | |
| R2 | 25.84 | 0.390 % | ||
| R1 | 25.76 | 0.0666 % | ||
| Current price: | 25.74 | |||
| Support | S1 | 25.49 | -0.98 % | |
| S2 | 25.40 | -1.30 % | ||
| S3 | 25.27 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.35 | 6.25 % | |
| R2 | 26.61 | 3.38 % | ||
| R1 | 26.16 | 1.63 % | ||
| Current price | 25.74 | |||
| Support | S1 | 25.55 | -0.738% | |
| S2 | 22.79 | -11.46% | ||
| S3 | 22.50 | -12.59% |
COFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.270 | 0.99% |
| 2 | Nov 29, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.270 | 0.92% |
| 3 | Aug 23, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.260 | 1.32% |
| 4 | May 24, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.260 | 1.13% |
| 5 | Feb 22, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.260 | 1.03% |
FAQ
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