CoastalSouth Bancshares, Inc. 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
Red day on Friday for CoastalSouth Bancshares, Inc.
(Updated on Jun 28, 2024)
No changes to the price of CoastalSouth Bancshares, Inc. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $16.87 to a day high of $16.87. The price has been going up and down for this period, and there has been a -3.54% loss for the last 2 weeks.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $16.90. A reaction back to this level may hold a second chance to get out before further falls.
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COSO Signals & Forecast
There are mixed signals in the stock today. The CoastalSouth Bancshares, Inc. 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 $17.14 and $17.06. A break-up above any of these levels will issue buy signals. 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 was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Monday, September 25, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, September 25, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CoastalSouth Bancshares, Inc. stock
CoastalSouth Bancshares, Inc. finds support from accumulated volume at $16.55 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.711%
CoastalSouth Bancshares, Inc. is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $15.72 (-6.82%) (This stock has low daily movements and this gives low risk. Low RSI14 is 9 which reduces the risk some. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (COSO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect CoastalSouth Bancshares, Inc. to open at $16.87, and during the day (based on 14 day Average True Range), to move between $16.67 and $17.07, which gives a possible trading interval of +/-$0.200 (+/-1.18%) up or down from last closing price. If CoastalSouth Bancshares, Inc. takes out the full calculated possible swing range there will be an estimated 2.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.99 (0.71%) than the support at $16.55 (1.90%), 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 CoastalSouth Bancshares, Inc. stock A Buy?
CoastalSouth Bancshares, 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: -0.228 Hold/Accumulate Unchanged
Predicted Opening Price for CoastalSouth Bancshares, Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$16.87 ( 0%) | $16.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COSO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.87 | - |
R2 | 16.87 | - |
R1 | 16.87 | - |
Price | 16.87 | |
S1 | 16.87 | - |
S2 | 16.87 | - |
S3 | 16.87 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.45 | 3.44% |
R2 | 17.00 | 0.771% |
R1 | 16.99 | 0.711% |
Price | 16.87 | |
S1 | 16.55 | -1.90% |
S2 | 16.10 | -4.56% |
S3 | 16.00 | -5.16% |
FAQ
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