Community Bank System Inc Stock Forecast
Stronger technical forecast for Community Bank System Inc stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The Community Bank System Inc stock price gained 1.75% on the last trading day (Wednesday, 24th Apr 2024), rising from $44.57 to $45.35. During the last trading day the stock fluctuated 3.54% from a day low at $43.82 to a day high of $45.37. The price has fallen in 6 of the last 10 days but is still up by 4.2% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 241 thousand shares were bought and sold for approximately $10.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -3.43% during the next 3 months and, with a 90% probability hold a price between $39.97 and $45.91 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CBU Signals & Forecast
The Community Bank System Inc 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 $43.51 and $45.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.20%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Community Bank System Inc stock
Community Bank System Inc finds support from accumulated volume at $44.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.55 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 3.23%.
Our recommended stop-loss: $43.75 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CBU) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Community Bank System Inc to open at $44.85, and during the day (based on 14 day Average True Range), to move between $44.07 and $46.63, which gives a possible trading interval of +/-$1.28 (+/-2.81%) up or down from last closing price. If Community Bank System Inc takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.49 (1.90%) than the resistance at $46.93 (3.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Community Bank System Inc stock A Buy?
Community Bank System Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.637 Hold/Accumulate Upgraded
Predicted Opening Price for Community Bank System Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $44.85 ( 1.11%) | $45.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.40 | 2.31 % | |
| R2 | 45.80 | 1.00 % | ||
| R1 | 45.44 | 0.196 % | ||
| Current price: | 45.35 | |||
| Support | S1 | 44.25 | -2.42 % | |
| S2 | 43.89 | -3.22 % | ||
| S3 | 43.30 | -4.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.66 | 7.30 % | |
| R2 | 47.23 | 4.15 % | ||
| R1 | 46.93 | 3.48 % | ||
| Current price | 45.35 | |||
| Support | S1 | 44.49 | -1.90% | |
| S2 | 44.30 | -2.32% | ||
| S3 | 42.48 | -6.33% |
CBU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 14, 2024 | Apr 10, 2024 | $0.450 | 1.03% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Jan 10, 2024 | $0.450 | 0.90% |
| 3 | Jul 19, 2023 | Sep 14, 2023 | Oct 10, 2023 | $0.450 | 1.06% |
| 4 | May 17, 2023 | Jun 14, 2023 | Jul 10, 2023 | $0.440 | 0.99% |
| 5 | Feb 15, 2023 | Mar 14, 2023 | Apr 10, 2023 | $0.440 | 0.89% |
FAQ
Click here for our free guide on how to buy Community Bank System Inc Stock.
