Cass Information Systems Stock Forecast
Red day on Wednesday for Cass Information Systems stock after losing 1.32%
(Updated on Apr 17, 2024)
The Cass Information Systems stock price fell by -1.32% on the last day (Wednesday, 17th Apr 2024) from $45.33 to $44.73. During the last trading day the stock fluctuated 1.84% from a day low at $44.61 to a day high of $45.43. The price has been going up and down for this period, and there has been a -4.85% loss for the last 2 weeks. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 thousand shares were bought and sold for approximately $1.84 million.
Given the current short-term trend, the stock is expected to rise 8.40% during the next 3 months and, with a 90% probability hold a price between $48.49 and $55.41 at the end of this 3-month period.
CASS Signals & Forecast
There are few to no technical positive signals at the moment. The Cass Information Systems 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 $45.94 and $46.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -7.64%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Cass Information Systems stock
Cass Information Systems finds support from accumulated volume at $43.79 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 $0.82 (1.84%) between high and low. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CASS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Cass Information Systems to open at $44.92, and during the day (based on 14 day Average True Range), to move between $43.59 and $45.87, which gives a possible trading interval of +/-$1.14 (+/-2.55%) up or down from last closing price. If Cass Information Systems takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $43.79 (2.10%) than the resistance at $46.36 (3.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cass Information Systems stock A Buy?
The Cass Information Systems stock holds several negative signals and despite the positive trend, we believe Cass Information Systems will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.255 Sell Candidate Unchanged
Predicted Opening Price for Cass Information Systems of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$44.92 ( 0.432%) | $44.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CASS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.74 | 2.27 % | |
R2 | 45.43 | 1.57 % | ||
R1 | 45.24 | 1.13 % | ||
Current price: | 44.73 | |||
Support | S1 | 44.61 | -0.268 % | |
S2 | 44.42 | -0.701 % | ||
S3 | 44.10 | -1.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 48.39 | 8.18 % | |
R2 | 47.01 | 5.10 % | ||
R1 | 46.36 | 3.64 % | ||
Current price | 44.73 | |||
Support | S1 | 43.79 | -2.10% | |
S2 | 43.16 | -3.51% | ||
S3 | 42.93 | -4.02% |
CASS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Mar 04, 2024 | Mar 15, 2024 | $0.300 | 0.647% |
2 | Oct 17, 2023 | Dec 04, 2023 | Dec 15, 2023 | $0.300 | 0.664% |
3 | Jul 18, 2022 | Sep 01, 2023 | Sep 15, 2023 | $0.290 | 0.755% |
4 | Apr 18, 2023 | Jun 02, 2023 | Sep 15, 2023 | $0.290 | 0.755% |
5 | Jan 24, 2023 | Mar 02, 2023 | Jun 15, 2023 | $0.290 | 0.712% |
FAQ
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