Red day on Friday for Citizens & Northern Corp stock after losing 1.29%
(Updated on Dec 03, 2021)
Sell candidate since 2021-12-01 Gain 0.84% PDF
The Citizens & Northern Corp stock price fell by -1.29% on the last day (Friday, 3rd Dec 2021) from $25.49 to $25.16. During the day the stock fluctuated 2.85% from a day low at $25.00 to a day high of $25.71. The price has fallen in 6 of the last 10 days and is down by -6.47% 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 -15 shares and in total, 13 thousand shares were bought and sold for approximately $324.14 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.84 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.78% during the next 3 months and, with a 90% probability hold a price between $26.77 and $30.45 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 1.70%. 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 Citizens & Northern Corp 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 $25.41 and $26.25. 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 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
Citizens & Northern Corp finds support from accumulated volume at $25.05 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 $0.71 between high and low, or 2.85%. For the last week the stock has had a daily average volatility of 3.00%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Citizens & Northern Corp stock A Buy?
The Citizens & Northern Corp stock holds several negative signals and despite the positive trend, we believe Citizens & Northern Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.049
Predicted Opening Price for Citizens & Northern Corp 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|
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Piper Sandler is very positive about CZNC and gave it a "Overweight" rating on Oct 27, 2020. The price target was changed from $20.00 to $21.00.
CZNC Insider Trading
|Nov 17, 2021||Sell||600||Frame Clark S||Common Stock|
|Nov 16, 2021||Buy||33||Scovill J Bradley||Common Stock|
|Nov 16, 2021||Sell||600||Frame Clark S||Common Stock|
|Nov 16, 2021||Buy||39||Watkins Tracy Ellen||Common Stock|
|Nov 16, 2021||Buy||62||Reber John M||Common Stock|
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