CSB Bancorp, Inc. Stock Forecast
Evaluation of CSB Bancorp, Inc. stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
No changes to the price of CSB Bancorp, Inc. stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $39.00 to a day high of $39.00. The price has been going up and down for this period, and there has been a 1.43% gain for the last 2 weeks.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $39.61 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.23% during the next 3 months and, with a 90% probability hold a price between $35.04 and $38.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CSBB Signals & Forecast
The CSB Bancorp, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $38.28 and $38.58. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 18, 2024, and so far it has fallen 0%. 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). 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.
Support, Risk & Stop-loss for CSB Bancorp, Inc. stock
CSB Bancorp, Inc. finds support from accumulated volume at $38.45 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 1.33%
Our recommended stop-loss: $37.46 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (CSBB) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect CSB Bancorp, Inc. to open at $39.00, and during the day (based on 14 day Average True Range), to move between $38.34 and $39.66, which gives a possible trading interval of +/-$0.657 (+/-1.68%) up or down from last closing price. If CSB Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.10 (0.26%) than the support at $38.45 (1.41%), 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 CSB Bancorp, Inc. stock A Buy?
CSB Bancorp, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.945 Hold/Accumulate Downgraded
Predicted Opening Price for CSB Bancorp, Inc. of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$39.00 ( 0%) | $39.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSBB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.00 | - |
R2 | 39.00 | - |
R1 | 39.00 | - |
Price | 39.00 | |
S1 | 39.00 | - |
S2 | 39.00 | - |
S3 | 39.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 40.90 | 4.87% |
R2 | 40.00 | 2.56% |
R1 | 39.10 | 0.256% |
Price | 39.00 | |
S1 | 38.45 | -1.41% |
S2 | 38.00 | -2.56% |
S3 | 37.33 | -4.28% |
CSBB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 04, 2024 | Jun 04, 2024 | Jun 18, 2024 | $0.390 | 1.00% |
2 | Mar 04, 2024 | Mar 04, 2024 | Mar 19, 2024 | $0.390 | 1.03% |
3 | Dec 04, 2023 | Dec 04, 2023 | Dec 19, 2023 | $0.380 | 0.95% |
4 | Aug 02, 2023 | Sep 01, 2023 | Sep 19, 2023 | $0.380 | 1.00% |
5 | May 03, 2023 | Jun 05, 2023 | Jun 20, 2023 | $0.380 | 0.95% |
FAQ
Click here for our free guide on how to buy CSB Bancorp, Inc. Stock.