0% commission for ETF tradesColumbia Banking System Stock Forecast
AI Analysis of COLB
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Green day on Thursday for Columbia Banking System stock after gaining 0.298%
(Updated on Sep 12, 2024)
The Columbia Banking System stock price gained 0.298% on the last trading day (Thursday, 12th Sep 2024), rising from $23.48 to $23.55. During the last trading day the stock fluctuated 1.76% from a day low at $23.33 to a day high of $23.74. The price has been going up and down for this period, and there has been a -5.19% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 524 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $51.48 million.
Given the current short-term trend, the stock is expected to rise 26.46% during the next 3 months and, with a 90% probability hold a price between $29.78 and $38.41 at the end of this 3-month period.
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COLB Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Columbia Banking System 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 $23.87 and $24.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, July 26, 2024, and so far it has fallen -12.75%. 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).
Support, Risk & Stop-loss for Columbia Banking System stock
Columbia Banking System finds support from accumulated volume at $23.47 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 $0.410 (1.76%) between high and low. For the last week, the stock has had daily average volatility of 2.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COLB) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect Columbia Banking System to open at $23.54, and during the day (based on 14 day Average True Range), to move between $22.83 and $24.27, which gives a possible trading interval of +/-$0.721 (+/-3.06%) up or down from last closing price. If Columbia Banking System takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.47 (0.34%) than the resistance at $23.96 (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Columbia Banking System stock A Buy?
The Columbia Banking System stock holds several negative signals and despite the positive trend, we believe Columbia Banking System will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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Current score: -2.877 Sell Candidate Unchanged
Predicted Opening Price for Columbia Banking System of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $23.54 ( 0.0425%) | $23.55 |
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 | 23.95 | 1.70% |
| R2 | 23.79 | 1.03% |
| R1 | 23.70 | 0.623% |
| Price | 23.55 | |
| S1 | 23.38 | -0.708% |
| S2 | 23.29 | -1.12% |
| S3 | 23.13 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.99 | 14.61% |
| R2 | 24.19 | 2.72% |
| R1 | 23.96 | 1.74% |
| Price | 23.55 | |
| S1 | 23.47 | -0.340% |
| S2 | 19.89 | -15.54% |
| S3 | 19.83 | -15.80% |
COLB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 12, 2024 | Aug 23, 2024 | Sep 09, 2024 | $0.360 | 1.50% |
| 2 | May 23, 2024 | May 23, 2024 | Jun 10, 2024 | $0.360 | 1.92% |
| 3 | Feb 09, 2024 | Feb 22, 2024 | Mar 11, 2024 | $0.360 | 1.84% |
| 4 | Nov 22, 2023 | Nov 22, 2023 | Dec 11, 2023 | $0.360 | 1.46% |
| 5 | Aug 14, 2023 | Aug 24, 2023 | Sep 11, 2023 | $0.360 | 1.78% |
FAQ
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