Cascade Bancorp Fund Forecast

Cascade Bancorp fund upgraded to Sell Candidate.
(Updated on Jun 14, 2017)

CACB Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cascade Bancorp fund 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 $6.99 and $7.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 23, 2017, and so far it has fallen -4.90%. Further fall is indicated until a new bottom pivot has been found. 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 Cascade Bancorp fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CACB) For The Upcoming Trading Day Of Thursday 15th

For the upcoming trading day on Thursday, 15th we expect Cascade Bancorp to open at $6.99, and during the day (based on 14 day Average True Range), to move between $6.92 and $7.06, which gives a possible trading interval of +/-$0.0675 (+/-0.97%) up or down from last closing price. If Cascade Bancorp takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $7.54, some $0.550 (7.87%) from the current price of $6.99, our system finds the risk reward not very attractive.

Is Cascade Bancorp fund A Buy?

Cascade Bancorp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund. We have upgraded our analysis conclusion for this fund since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.550 Sell Candidate Upgraded

Predicted Opening Price for Cascade Bancorp of Thursday, June 15, 2017

The predicted opening price is based on yesterday's movements between high, low, and closing price.