Citizens Financial Services, Inc. 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Citizens Financial Services, Inc. stock price up more than 9.66% on Thursday
(Updated on Jun 27, 2024)
The Citizens Financial Services, Inc. stock price gained 9.66% on the last trading day (Thursday, 27th Jun 2024), rising from $40.49 to $44.40. During the last trading day the stock fluctuated 8.07% from a day low at $41.12 to a day high of $44.44. The price has been going up and down for this period, and there has been a 3.35% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 887 more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $375.71 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $45.16 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.99% during the next 3 months and, with a 90% probability hold a price between $32.24 and $40.20 at the end of this 3-month period. 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.
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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.
Golden Star
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
Fair opening price June 28, 2024 | Current price |
---|---|
$43.32 ( 2.43%) | $44.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CZFS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 46.64 | 5.05% |
R2 | 45.37 | 2.19% |
R1 | 44.59 | 0.424% |
Price | 44.40 | |
S1 | 42.05 | -5.29% |
S2 | 41.27 | -7.05% |
S3 | 40.00 | -9.91% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 48.40 | 9.01% |
R2 | 47.51 | 7.00% |
R1 | 47.43 | 6.82% |
Price | 44.40 | |
S1 | 41.04 | -7.57% |
S2 | 40.00 | -9.91% |
S3 | 39.60 | -10.81% |
CZFS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.485 | 1.13% |
2 | Mar 05, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.490 | 1.01% |
3 | Dec 05, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.490 | 0.765% |
4 | Sep 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.490 | 1.03% |
5 | May 30, 2023 | Jun 08, 2023 | Jun 30, 2023 | $0.485 | 0.658% |
FAQ
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