Citizens Financial Services, Inc. Stock Forecast

Citizens Financial Services, Inc. stock price up more than 9.66% on Thursday
(Updated on Jun 27, 2024)

CZFS Signals & Forecast

The Citizens Financial Services, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $41.02 and $42.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 12.12%. Further rise is indicated until a new top pivot has been found. Citizens Financial Services, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, June 13, 2024 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.

Support, Risk & Stop-loss for Citizens Financial Services, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $41.04 and $40.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Citizens Financial Services, Inc. finds support just below today's level at $41.04. If this is broken, then the next support from accumulated volume will be at $40.00 and $39.60.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.32 between high and low, or 8.07%. For the last week, the stock has had daily average volatility of 4.69%.

Our recommended stop-loss: $42.63 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (CZFS) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Citizens Financial Services, Inc. to open at $43.32, and during the day (based on 14 day Average True Range), to move between $42.51 and $46.29, which gives a possible trading interval of +/-$1.89 (+/-4.25%) up or down from last closing price. If Citizens Financial Services, Inc. takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $47.43 (6.82%) than the support at $41.04 (7.57%), 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 Citizens Financial Services, Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.154 Buy Candidate Upgraded

Predicted Opening Price for Citizens Financial Services, Inc. of Friday, June 28, 2024

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