Community West Bancshares Stock Forecast

Buy or Hold candidate since Dec 04, 2024 Loss -1.86%

The Community West Bancshares stock price fell by -0.507% on the last day (Thursday, 12th Dec 2024) from $21.71 to $21.60. During the last trading day the stock fluctuated 1.44% from a day low at $21.53 to a day high of $21.84. The price has fallen in 6 of the last 10 days and is down by -1.64% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 30 thousand shares were bought and sold for approximately $643.70 thousand.

The stock lies in the middle of a wide and strong 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 15.03% during the next 3 months and, with a 90% probability hold a price between $23.04 and $26.31 at the end of this 3-month period.

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CWBC Signals & Forecast

The Community West Bancshares stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $21.73. On a fall, the stock will find some support from the long-term average at approximately $20.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, November 25, 2024, and so far it has fallen -3.14%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Community West Bancshares stock

Community West Bancshares finds support from accumulated volume at $21.21 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.310 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.92%.

Our recommended stop-loss: $20.66 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (CWBC) For The Upcoming Trading Day Of Friday 13th

For the upcoming trading day on Friday, 13th we expect Community West Bancshares to open at $21.66, and during the day (based on 14 day Average True Range), to move between $21.14 and $22.06, which gives a possible trading interval of +/-$0.455 (+/-2.11%) up or down from last closing price. If Community West Bancshares takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.82 (1.02%) than the support at $21.21 (1.81%), 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 Community West Bancshares stock A Buy?

Community West Bancshares 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.651 Hold/Accumulate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on December 13, 2024 - $21.66 ( 0.262%).