CSB Bancorp, Inc. Stock Forecast
CSB Bancorp, Inc. stock upgraded to Hold/Accumulate.
(Updated on Jul 03, 2024)
The CSB Bancorp, Inc. stock price gained 1.30% on the last trading day (Wednesday, 3rd Jul 2024), rising from $38.50 to $39.00. 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 0% change 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, 100 more shares were traded than the day before. In total, 100 shares were bought and sold for approximately $3.90 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CSB Bancorp, Inc. stock with a 90% probability to be traded between $37.52 and $40.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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. 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 $38.86 and $38.68. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). CSB Bancorp, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, June 28, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Monday, April 22, 2024 and based on theory for this formation the price should go up by 9.51% to $42.71 within 2 trading days (Wednesday, April 24, 2024) since signal was 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 with good liquidity the risk is considered very low in this 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 0.260%.
Our recommended stop-loss: $37.49 (-3.86%) (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 5th
For the upcoming trading day on Friday, 5th we expect CSB Bancorp, Inc. to open at $39.00, and during the day (based on 14 day Average True Range), to move between $38.59 and $39.41, which gives a possible trading interval of +/-$0.412 (+/-1.06%) up or down from last closing price. If CSB Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 2.11% 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for CSB Bancorp, Inc. of Friday, July 5, 2024
| Fair opening price July 5, 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 | 39.75 | 1.92% |
| R2 | 39.23 | 0.590% |
| 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.
