Columbia Banking System Stock Forecast
Columbia Banking System stock price ended at $19.56 on Wednesday, after losing 1.36%.
(Updated on Jul 03, 2024)
The Columbia Banking System stock price fell by -1.36% on the last day (Wednesday, 3rd Jul 2024) from $19.83 to $19.56. During the last trading day the stock fluctuated 2.28% from a day low at $19.55 to a day high of $20.00. The price has fallen in 5 of the last 10 days but is still up by 4.94% over the past 2 weeks. 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 -137 thousand shares and in total, 1 million shares were bought and sold for approximately $28.82 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.79% during the next 3 months and, with a 90% probability hold a price between $18.97 and $21.33 at the end of this 3-month period.
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COLB Signals & Forecast
The Columbia Banking System 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 $19.37 and $19.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 7.06%. Further rise is indicated until a new top pivot has been found. 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. 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 Columbia Banking System stock
Columbia Banking System finds support from accumulated volume at $19.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.445 (2.28%) between high and low. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: $18.46 (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (COLB) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Columbia Banking System to open at $19.70, and during the day (based on 14 day Average True Range), to move between $19.07 and $20.05, which gives a possible trading interval of +/-$0.494 (+/-2.53%) up or down from last closing price. If Columbia Banking System takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.83 (1.38%) than the support at $19.01 (2.81%), 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.
Is Columbia Banking System stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Columbia Banking System stock to perform well in the short-term.
Current score: 4.604 Buy Candidate Unchanged
Predicted Opening Price for Columbia Banking System of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $19.70 ( 0.724%) | $19.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COLB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.15 | 3.00% |
| R2 | 19.98 | 2.13% |
| R1 | 19.87 | 1.59% |
| Price | 19.56 | |
| S1 | 19.53 | -0.145% |
| S2 | 19.43 | -0.682% |
| S3 | 19.26 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.17 | 3.12% |
| R2 | 19.89 | 1.69% |
| R1 | 19.83 | 1.38% |
| Price | 19.56 | |
| S1 | 19.01 | -2.81% |
| S2 | 18.89 | -3.43% |
| S3 | 18.82 | -3.78% |
COLB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 10, 2024 | $0.360 | 1.92% |
| 2 | Feb 09, 2024 | Feb 22, 2024 | Mar 11, 2024 | $0.360 | 1.84% |
| 3 | Nov 22, 2023 | Nov 22, 2023 | Dec 11, 2023 | $0.360 | 1.46% |
| 4 | Aug 14, 2023 | Aug 24, 2023 | Sep 11, 2023 | $0.360 | 1.78% |
| 5 | May 15, 2023 | May 30, 2023 | Jun 15, 2023 | $0.360 | 1.56% |
FAQ
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