CIB Forecast and Technical Stock Analysis
Hold candidate since 2019-08-23
BanColombia SA fell by -2.64% in the last day ( Friday, 23rd Aug 2019 ) from $50.05 to $48.73 and has now fallen 5 days in a row. During the day the stock fluctuated 3.33% from a day low at $48.61 to a day high of $50.23. The price has fallen in 6 of the last 10 days and is down by -3.56% for this period. Volume has increased in the last day by 52 708 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 225 355 shares bought and sold for approximately $10.98 million.
- 30 day high of the CIB stock price was $52.75 and low was $46.34.
- 90 day high was $53.02 and low was $44.66.
- 52 week high for BanColombia SA - $55.40 and low - $35.52.
BanColombia SA lies in the middle of a 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 5.58% during the next 3 months and, with 90% probability hold a price between $49.65 and $57.12 at the end of this period.
There are few to none technical positive signals at the moment. BanColombia SA holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $50.49 and $50.65. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday August 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 59 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
BanColombia SA finds support from accumulated volume at $48.65.
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 $1.62 (3.33%) between high and low. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: $46.28 (-5.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 day(s) ago.)
2.38 %Average volatility
Very Low Low Medium High Very High
BanColombia SA holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|CIB $48.73 ($-1.32 -2.64%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!