Citi Trends Stock Forecast

Buy or Hold candidate since Nov 27, 2024 Gain 25.77%

The Citi Trends stock price gained 0.720% on the last trading day (Friday, 6th Dec 2024), rising from $25.00 to $25.18. During the last trading day the stock fluctuated 4.46% from a day low at $24.67 to a day high of $25.77. The price has risen in 7 of the last 10 days and is up by 40.75% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 171 thousand shares were bought and sold for approximately $4.31 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a very wide and strong rising 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 $26.32 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.20% during the next 3 months and, with a 90% probability hold a price between $20.50 and $31.38 at the end of this 3-month period.

Investment opportunities can be found at any hour. So, react immediately to market-moving news and capture more market opportunities when convenient for you. You can trade over 10,000 US Stocks and ETFs, US Equity Index options, US Treasuries – and more - around the clock. Interactive Brokers’ dual market centers ensure reliable and dependable overnight trading on your timetable. (Member SIPC)

CTRN Signals & Forecast

The Citi Trends 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 $22.99 and $19.69. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, December 04, 2024, and so far it has fallen -3.86%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Citi Trends stock

Citi Trends finds support from accumulated volume at $25.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.10 between high and low, or 4.46%. For the last week, the stock has had daily average volatility of 8.20%.

The Citi Trends stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stock may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $24.12 (-4.23%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (CTRN) For The Upcoming Trading Day Of Monday 9th

For the upcoming trading day on Monday, 9th we expect Citi Trends to open at $25.21, and during the day (based on 14 day Average True Range), to move between $23.90 and $26.46, which gives a possible trading interval of +/-$1.28 (+/-5.08%) up or down from last closing price. If Citi Trends takes out the full calculated possible swing range there will be an estimated 10.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.00 (0.71%) than the resistance at $26.19 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Citi Trends stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Citi Trends stock to perform well in the short-term.

Current score: 3.375 Buy Candidate Unchanged

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on December 9, 2024 - $25.21 ( 0.106%).