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Community Trust Bancorp Stock Forecast NASDAQ:CTBI

$42.51 (-1.53%)

Volume: 77k

Closed: Dec 03, 2021

Hollow Logo Score: -4.029

Community Trust Bancorp Stock Forecast

$42.51 (-1.53%)

Volume: 77k

Closed: Dec 03, 2021

Score Hollow Logo -4.029
Which way will CTBI go? Request
Key Stats
P/E Ratio 8.97
Beta 0.78
Trailing Dividend Rate 3.61% ($1.53)
Next Dividend Date Dec 14, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 30 and the stock is currently not being overbought or oversold

Red day on Friday for Community Trust Bancorp stock after losing 1.53%
(Updated on Dec 03, 2021)

Sell candidate since 2021-12-03

The Community Trust Bancorp stock price fell by -1.53% on the last day (Friday, 3rd Dec 2021) from $43.17 to $42.51. During the day the stock fluctuated 2.08% from a day low at $42.29 to a day high of $43.17. The price has fallen in 7 of the last 10 days and is down by -4.81% for this period. Volume has increased on the last day by 51 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 77 thousand shares were bought and sold for approximately $3.27 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.81% during the next 3 months and, with a 90% probability hold a price between $46.79 and $52.37 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Community Trust Bancorp stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $42.67 and $44.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -7.28%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Community Trust Bancorp finds support from accumulated volume at $42.00 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 $0.88 between high and low, or 2.08%. For the last week, the stock has had a daily average volatility of 2.95%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Community Trust Bancorp stock A Buy?

The Community Trust Bancorp stock holds several negative signals and despite the positive trend, we believe Community Trust Bancorp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.029

Predicted Opening Price for Community Trust Bancorp of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$42.66 $42.51 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

Piper Sandler is very positive about CTBI and gave it a "Neutral - Overweight" rating on Dec 09, 2020. The price target was changed from $32.00 to $41.00.

Volatility and Risk
Daily Average Volatility: 2.95 %
Overall Risk: Very High High Medium Low Very Low
2.95 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $43.90
Price: $42.51
Support: $42.00

CTBI Insider Trading Show all Trades



Last 100 transactions
Buy: 39 896 | Sell: 114 108 (Shares)
Date Action Amount Person Type
Nov 26, 2021 Buy 500 Baird Charles J Common Stock
Nov 22, 2021 Sell 5 000 Draughn James B Common Stock
Nov 09, 2021 Buy 500 Baird Charles J Common Stock
Nov 08, 2021 Sell 500 Gartner James J Common Stock
Oct 25, 2021 Sell 280 Waters Andy D Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 39 896 | Sell: 114 108 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 43.54 2.42 %
43.20 1.62 %
42.99 1.14 %
Current price: 42.51
Support 42.32 -0.45 %
42.11 -0.93 %
41.78 -1.73 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 45.62 7.32 %
44.47 4.61 %
43.90 3.27 %
Current price 42.51
Support 42.00 -1.20%
39.24 -7.69%
38.97 -8.33%

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About Community Trust Bancorp

Community Trust Bancorp, Inc. operates as the holding company of Community Trust Bank, Inc. that provides commercial and personal banking services to small and mid-sized communities. It offers time and demand deposits, checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and individual retirement accounts and Keogh plans, as well as savings certificates. The company also provides loan products, such... Read more

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