Columbia Banking System 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
Columbia Banking System stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Columbia Banking System stock price gained 0.579% on the last trading day (Friday, 26th Apr 2024), rising from $19.01 to $19.12. During the last trading day the stock fluctuated 6.45% from a day low at $19.08 to a day high of $20.31. The price has risen in 7 of the last 10 days and is up by 8.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 471 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $70.34 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.28% during the next 3 months and, with a 90% probability hold a price between $16.50 and $19.36 at the end of this 3-month period.
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COLB Signals & Forecast
Mostly positive signals in the chart today. 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 $18.75 and $18.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.20%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.23 between high and low, or 6.45%. For the last week, the stock has had daily average volatility of 3.47%.
Our recommended stop-loss: $18.37 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (COLB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Columbia Banking System to open at $19.50, and during the day (based on 14 day Average True Range), to move between $18.53 and $19.71, which gives a possible trading interval of +/-$0.591 (+/-3.09%) up or down from last closing price. If Columbia Banking System takes out the full calculated possible swing range there will be an estimated 6.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.01 (0.58%) than the resistance at $19.31 (0.99%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.942 Buy Candidate Upgraded
Predicted Opening Price for Columbia Banking System of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $19.50 ( 2.00%) | $19.12 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 20.73 | 8.44 % | |
| R2 | 20.26 | 5.98 % | ||
| R1 | 19.97 | 4.46 % | ||
| Current price: | 19.12 | |||
| Support | S1 | 19.03 | -0.453 % | |
| S2 | 18.74 | -1.97 % | ||
| S3 | 18.27 | -4.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.16 | 5.44 % | |
| R2 | 19.49 | 1.94 % | ||
| R1 | 19.31 | 0.99 % | ||
| Current price | 19.12 | |||
| Support | S1 | 19.01 | -0.575% | |
| S2 | 18.22 | -4.71% | ||
| S3 | 18.10 | -5.33% |
COLB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 22, 2024 | Mar 11, 2024 | $0.360 | 1.84% |
| 2 | Nov 22, 2023 | Nov 22, 2023 | Dec 11, 2023 | $0.360 | 1.46% |
| 3 | Aug 14, 2023 | Aug 24, 2023 | Sep 11, 2023 | $0.360 | 1.78% |
| 4 | May 15, 2023 | May 30, 2023 | Jun 15, 2023 | $0.360 | 1.56% |
| 5 | Jan 24, 2023 | Feb 03, 2023 | Feb 21, 2023 | $0.300 | 0.97% |
FAQ
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