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Codorus Valley Bancorp Stock Forecast NASDAQ:CVLY

$22.25 (2.58%)

Volume: 4k

Closed: Nov 29, 2021

Hollow Logo Score: -0.184

Codorus Valley Bancorp Stock Forecast

$22.25 (2.58%)

Volume: 4k

Closed: Nov 29, 2021

Score Hollow Logo -0.184
Which way will CVLY go? Request
Stop-loss: $21.20 (-4.72%)
Key Stats
Beta 0.55
Trailing Dividend Rate 2.14% ($0.48)
* 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 40 and the stock is currently not being overbought or oversold

Stronger technical forecast for Codorus Valley Bancorp stock price after Monday trading.
(Updated on Nov 29, 2021)


Hold candidate since 2021-11-29

The Codorus Valley Bancorp stock price gained 2.58% on the last trading day (Monday, 29th Nov 2021), rising from $21.69 to $22.25. During the day the stock fluctuated 2.18% from a day low at $22.00 to a day high of $22.48. The price has fallen in 6 of the last 10 days and is down by -4.09% for this period. Volume fell on the last day by -14 thousand shares and in total, 4 thousand shares were bought and sold for approximately $95.88 thousand. 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 middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.95% during the next 3 months and, with a 90% probability hold a price between $22.49 and $24.26 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 2.58%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Codorus Valley 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 $22.49 and $22.55. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Codorus Valley Bancorp finds support from accumulated volume at $22.22 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.48 between high and low, or 2.18%. For the last week the stock has had a daily average volatility of 3.88%.

Our recommended stop-loss: $21.20 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 days ago.)

Is Codorus Valley Bancorp stock A Buy?

Codorus Valley Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.184

Predicted Opening Price for Codorus Valley Bancorp of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$22.24 $22.25 (Overvalued)
Hold/Accumulate Upgraded

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Volatility and Risk
Daily Average Volatility: 3.88 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.88 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $22.35
Price: $22.25
Support: $22.22

CVLY Insider Trading Show all Trades

INSIDER POWER

10.635

Last 100 transactions
Buy: 92 819 | Sell: 8 728 (Shares)
Date Action Amount Person Type
Nov 09, 2021 Buy 15 564 Kauffman Craig L Restricted Stock Units
Oct 01, 2021 Buy 250 Messick John Rodney Common Stock
Sep 22, 2021 Buy 4 672 Giambalvo John W Common Stock
Sep 20, 2021 Buy 1 000 Messick John Rodney Common Stock
Aug 16, 2021 Sell 185 Kauffman Craig L Common Stock
Show all Insider Trades
INSIDER POWER

10.635

Last 100 transactions
Buy: 92 819 | Sell: 8 728 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 22.72 2.13 %
22.54 1.30 %
22.43 0.79 %
Current price: 22.25
Support 22.06 -0.85 %
21.95 -1.36 %
21.76 -2.19 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 22.62 1.66 %
22.55 1.35 %
22.35 0.45 %
Current price 22.25
Support 22.22 -0.13%
22.08 -0.76%
21.26 -4.45%

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About Codorus Valley Bancorp

Codorus Valley Ban Codorus Valley Bancorp, Inc. operates as a holding company for the PeoplesBank that provides various business and consumer banking services. It offers demand, money market, and saving accounts; and commercial real estate loans, commercial and industrial loans, construction loans, and consumer loans. The company also provides personal banking, mortgage banking, wealth management, and real estate settlement services; and sells non-deposit investmen... Read more

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