Santa Cruz County Bank (CA) Stock Forecast
Red day on Friday for Santa Cruz County Bank (CA) stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Santa Cruz County Bank (CA) stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $34.65 to a day high of $34.65. The price has risen in 5 of the last 10 days and is up by 3.9% over the past 2 weeks.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $34.49 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 30.20% during the next 3 months and, with a 90% probability hold a price between $44.91 and $46.81 at the end of this 3-month period.
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SCZC Signals & Forecast
The Santa Cruz County Bank (CA) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.63 and $32.73. A breakdown below any of these levels will issue sell signals. 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, June 25, 2024, and so far it has fallen -0.288%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Santa Cruz County Bank (CA) stock
Santa Cruz County Bank (CA) finds support from accumulated volume at $33.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.457%
Our recommended stop-loss: $33.45 (-3.45%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SCZC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Santa Cruz County Bank (CA) to open at $34.65, and during the day (based on 14 day Average True Range), to move between $34.22 and $35.08, which gives a possible trading interval of +/-$0.431 (+/-1.24%) up or down from last closing price. If Santa Cruz County Bank (CA) takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.75 (0.29%) than the support at $33.60 (3.03%), 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 Santa Cruz County Bank (CA) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Santa Cruz County Bank (CA) stock to perform well in the short-term.
Current score: 3.072 Buy Candidate Unchanged
Predicted Opening Price for Santa Cruz County Bank (CA) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $34.65 ( 0%) | $34.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCZC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.65 | - |
| R2 | 34.65 | - |
| R1 | 34.65 | - |
| Price | 34.65 | |
| S1 | 34.65 | - |
| S2 | 34.65 | - |
| S3 | 34.65 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 34.75 | 0.289% |
| Price | 34.65 | |
| S1 | 33.60 | -3.03% |
| S2 | 31.50 | -9.09% |
| S3 | 29.66 | -14.40% |
SCZC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 20, 2024 | May 06, 2024 | May 13, 2024 | $0.170 | 0.577% |
| 2 | Jan 18, 2024 | Feb 07, 2024 | Feb 14, 2024 | $0.170 | 0.567% |
| 3 | Oct 19, 2023 | Nov 06, 2023 | Nov 13, 2023 | $0.160 | 0.610% |
| 4 | Jun 22, 2023 | Jul 06, 2023 | Jul 13, 2023 | $0.150 | 0.591% |
| 5 | Mar 22, 2023 | Apr 04, 2023 | Apr 11, 2023 | $0.150 | 0.621% |
FAQ
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