Citizens Community Bancorp stock downgraded to Hold/Accumulate
(Updated on Dec 01, 2023)
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The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.78% during the next 3 months and, with a 90% probability hold a price between $9.24 and $11.98 at the end of this 3-month period.
CZWI Signals & Forecast
The Citizens Community Bancorp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.68. On a fall, the stock will find some support from the long-term average at approximately $9.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 14, 2023, and so far it has fallen -6.96%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Citizens Community Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Citizens Community Bancorp stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.28 and $9.08. 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 Community Bancorp finds support just below today's level at $9.28. If this is broken, then the next support from accumulated volume will be at $9.08 and $8.82.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.390 between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: $10.00 (-4.09%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (CZWI) For The Upcoming Trading Day Of Monday 4th
For the upcoming trading day on Monday, 4th we expect Citizens Community Bancorp to open at $10.48, and during the day (based on 14 day Average True Range), to move between $10.01 and $10.85, which gives a possible trading interval of +/-$0.423 (+/-4.06%) up or down from last closing price. If Citizens Community Bancorp takes out the full calculated possible swing range there will be an estimated 8.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.75 (3.07%) than the support at $9.28 (11.03%), 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 Community Bancorp stock A Buy?
Citizens Community Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.864 Open Broker AccountHold/Accumulate Downgraded
Predicted Opening Price for Citizens Community Bancorp of Monday, December 4, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 4, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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