Citizens & Northern Corp Stock Forecast
Strong day for Citizens & Northern Corp stock price on Wednesday rising 6.51% to $18.16
(Updated on May 01, 2024)
The Citizens & Northern Corp stock price gained 6.51% on the last trading day (Wednesday, 1st May 2024), rising from $17.05 to $18.16. During the last trading day the stock fluctuated 6.70% from a day low at $17.02 to a day high of $18.16. The price has been going up and down for this period, and there has been a 6.57% 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, 15 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately $781.63 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.04% during the next 3 months and, with a 90% probability hold a price between $15.18 and $17.02 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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CZNC Signals & Forecast
Mostly positive signals in the chart today. The Citizens & Northern Corp 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 $17.66 and $17.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.70%. 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). Citizens & Northern Corp 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.
Support, Risk & Stop-loss for Citizens & Northern Corp stock
Citizens & Northern Corp finds support from accumulated volume at $17.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.14 (6.70%) between high and low. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: $17.33 (-4.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (CZNC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Citizens & Northern Corp to open at $17.78, and during the day (based on 14 day Average True Range), to move between $17.50 and $18.82, which gives a possible trading interval of +/-$0.663 (+/-3.65%) up or down from last closing price. If Citizens & Northern Corp takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.89 (1.49%) than the resistance at $18.49 (1.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Citizens & Northern Corp will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.340. We will update the financials statements for Citizens & Northern Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.37% in the first trading day after earnings release.
Is Citizens & Northern Corp 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: 2.913 Buy Candidate Upgraded
Predicted Opening Price for Citizens & Northern Corp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $17.78 ( 2.09%) | $18.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CZNC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.92 | 4.19 % | |
| R2 | 18.48 | 1.79 % | ||
| R1 | 18.22 | 0.306 % | ||
| Current price: | 18.16 | |||
| Support | S1 | 17.34 | -4.49 % | |
| S2 | 17.08 | -5.97 % | ||
| S3 | 16.64 | -8.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.11 | 10.74 % | |
| R2 | 19.50 | 7.38 % | ||
| R1 | 18.49 | 1.82 % | ||
| Current price | 18.16 | |||
| Support | S1 | 17.89 | -1.49% | |
| S2 | 17.84 | -1.76% | ||
| S3 | 17.16 | -5.51% |
CZNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 03, 2024 | May 17, 2024 | $0.280 | 1.54% |
| 2 | Jan 18, 2024 | Jan 26, 2024 | Feb 09, 2024 | $0.280 | 1.44% |
| 3 | Oct 19, 2023 | Oct 27, 2023 | Nov 10, 2023 | $0.280 | 1.42% |
| 4 | Jul 20, 2023 | Jul 28, 2023 | Aug 11, 2023 | $0.280 | 1.34% |
| 5 | Apr 20, 2023 | Apr 28, 2023 | May 12, 2023 | $0.280 | 1.55% |
FAQ
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