Cousins Properties Incorporated 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
Red day on Friday for Cousins Properties Incorporated
(Updated on Apr 26, 2024)
The Cousins Properties Incorporated stock price fell by -0.781% on the last day (Friday, 26th Apr 2024) from $23.04 to $22.86. During the last trading day the stock fluctuated 3.46% from a day low at $22.66 to a day high of $23.45. The price has risen in 6 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume has increased on the last day by 1 million 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, 3 million shares were bought and sold for approximately $66.34 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cousins Properties Incorporated stock with a 90% probability to be traded between $21.27 and $23.62 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.
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CUZ Signals & Forecast
There are mixed signals in the stock today. The Cousins Properties Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $22.95. On a fall, the stock will find some support from the short-term average at $22.62. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cousins Properties Incorporated stock
Cousins Properties Incorporated finds support from accumulated volume at $22.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.785 (3.46%) between high and low. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CUZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Cousins Properties Incorporated to open at $22.99, and during the day (based on 14 day Average True Range), to move between $22.27 and $23.45, which gives a possible trading interval of +/-$0.589 (+/-2.58%) up or down from last closing price. If Cousins Properties Incorporated takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.84 (0.09%) than the resistance at $22.90 (0.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cousins Properties Incorporated stock A Buy?
Cousins Properties Incorporated holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.819 Sell Candidate Unchanged
Predicted Opening Price for Cousins Properties Incorporated of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $22.99 ( 0.561%) | $22.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.77 | 4.00 % | |
| R2 | 23.47 | 2.68 % | ||
| R1 | 23.29 | 1.87 % | ||
| Current price: | 22.86 | |||
| Support | S1 | 22.69 | -0.750 % | |
| S2 | 22.50 | -1.56 % | ||
| S3 | 22.20 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.61 | 3.28 % | |
| R2 | 23.15 | 1.27 % | ||
| R1 | 22.90 | 0.175 % | ||
| Current price | 22.86 | |||
| Support | S1 | 22.84 | -0.0875% | |
| S2 | 22.81 | -0.219% | ||
| S3 | 21.84 | -4.46% |
CUZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Apr 03, 2024 | Apr 15, 2024 | $0.320 | 1.45% |
| 2 | Dec 20, 2023 | Jan 03, 2024 | Jan 16, 2024 | $0.320 | 1.35% |
| 3 | Sep 19, 2023 | Oct 03, 2023 | Oct 13, 2023 | $0.320 | 1.69% |
| 4 | Jun 20, 2023 | Jul 05, 2023 | Jul 17, 2023 | $0.320 | 1.35% |
| 5 | Mar 20, 2023 | Apr 04, 2023 | Apr 14, 2023 | $0.320 | 1.59% |
FAQ
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