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Community West Bancshares Stock Forecast NASDAQ:CWBC

$13.25 (0.99%)

Volume: 10k

Closed: Dec 03, 2021

Hollow Logo Score: 3.731

Community West Bancshares Stock Forecast

$13.25 (0.99%)

Volume: 10k

Closed: Dec 03, 2021

Score Hollow Logo 3.731
Which way will CWBC go? Request
Stop-loss: $12.65 (-4.56%)
Key Stats
Trailing Dividend Rate 2.02% ($0.27)
* 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 61 and the stock is currently not being overbought or oversold

Green day on Friday for Community West Bancshares stock after gaining 0.99%
(Updated on Dec 03, 2021)


Buy candidate since 2021-12-02 Gain 0.99%

The Community West Bancshares stock price gained 0.99% on the last trading day (Friday, 3rd Dec 2021), rising from $13.12 to $13.25. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.45% from a day low at $13.06 to a day high of $13.25. The price has risen in 7 of the last 10 days and is up by 2.4% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 10 thousand shares were bought and sold for approximately $131.10 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 stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $13.28 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Community West Bancshares stock with a 90% probability to be traded between $12.73 and $13.23 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

The Community West Bancshares 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 $13.08 and $13.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, November 19, 2021, and so far it has risen 3.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not. The stock had a Golden Star Signal on Friday, October 22, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, October 22, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Friday, November 19, 2021 with a target of $12.97. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss

Community West Bancshares finds support from accumulated volume at $13.10 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 very controlled movements and therefore the general risk is considered very 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 $0.19 between high and low, or 1.45%. For the last week the stock has had a daily average volatility of 1.25%

Our recommended stop-loss: $12.65 (-4.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Is Community West Bancshares stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Community West Bancshares stock to perform well in the short-term period.

Current score: 3.731

Predicted Opening Price for Community West Bancshares 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
$13.19 $13.25 (Overvalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.25 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.25 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $13.33
Price: $13.25
Support: $13.10

CWBC Insider Trading Show all Trades

INSIDER POWER

13.128

Last 100 transactions
Buy: 244 187 | Sell: 18 600 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Buy 378 Stovesand Kirk Common Stock
Nov 26, 2021 Buy 660 Bartlein Robert Common Stock
Nov 19, 2021 Sell 8 000 Peeples William R Common Stock
Nov 18, 2021 Buy 20 000 Plourd Martin E Stock Optons
Nov 18, 2021 Buy 10 000 Plourd Martin E Common Stock
Show all Insider Trades
INSIDER POWER

13.128

Last 100 transactions
Buy: 244 187 | Sell: 18 600 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 13.38 0.96 %
13.30 0.41 %
13.26 0.0698 %
Current price: 13.25
Support 13.11 -1.03 %
13.07 -1.36 %
13.00 -1.91 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
13.33 0.60 %
Current price 13.25
Support 13.10 -1.13%
12.98 -2.04%
12.93 -2.42%

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About Community West Bancshares

Community West Bancshares operates as the holding company for Community West Bank, N.A. that provides various financial products and services to professionals, small to mid-sized businesses, and individual households in California. It offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposit. The company also provides commercial, commercial real estate, c... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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