CSB Bancorp, 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
CSB Bancorp, Inc. stock price ended at $39.00 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of CSB Bancorp, Inc. stock on the last trading day (Wednesday, 26th 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 stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $39.43 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect CSB Bancorp, Inc. stock with a 90% probability to be traded between $35.95 and $38.73 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. 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.
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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 $38.92 and $38.65. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Tuesday, June 25, 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 since signal was issued (Wednesday, April 24, 2024).
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%.
Our recommended stop-loss: $37.52 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CSBB) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect CSB Bancorp, Inc. to open at $39.00, and during the day (based on 14 day Average True Range), to move between $38.52 and $39.48, which gives a possible trading interval of +/-$0.483 (+/-1.24%) up or down from last closing price. If CSB Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 2.47% 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Thursday, June 27, 2024
| Fair opening price June 27, 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 | 40.00 | 2.56% |
| R2 | 39.75 | 1.92% |
| 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
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