Commercial Intl Bk A Stock Forecast
Green day on Wednesday for Commercial Intl Bk A
(Updated on Apr 17, 2024)
The Commercial Intl Bk A stock price gained 0.542% on the last trading day (Wednesday, 17th Apr 2024), rising from $1.66 to $1.67. During the last trading day the stock fluctuated 2.42% from a day low at $1.65 to a day high of $1.69. The price has risen in 7 of the last 10 days and is up by 1.83% over the past 2 weeks. Volume fell on the last day by -142 thousand shares and in total, 155 thousand shares were bought and sold for approximately $258.20 thousand. 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.60 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 56.47% during the next 3 months and, with a 90% probability hold a price between $2.50 and $3.28 at the end of this 3-month period.
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CIBEY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -6.70%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Commercial Intl Bk A 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 $1.66 and $1.61. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Commercial Intl Bk A stock
Commercial Intl Bk A finds support from accumulated volume at $1.64 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 $0.0400 between high and low, or 2.42%. For the last week the stock has had daily average volatility of 4.75%
Our recommended stop-loss: $1.60 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (CIBEY) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Commercial Intl Bk A to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.60 and $1.74, which gives a possible trading interval of +/-$0.0676 (+/-4.05%) up or down from last closing price. If Commercial Intl Bk A takes out the full calculated possible swing range there will be an estimated 8.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.70 (1.80%) than the support at $1.64 (1.80%), 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 Commercial Intl Bk A 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 Commercial Intl Bk A stock to perform well in the short-term.
Current score: 4.173 Buy Candidate Unchanged
Predicted Opening Price for Commercial Intl Bk A of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $1.67 ( 0%) | $1.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIBEY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.71 | 2.40 % | |
| R2 | 1.69 | 1.48 % | ||
| R1 | 1.69 | 0.91 % | ||
| Current price: | 1.67 | |||
| Support | S1 | 1.65 | -0.91 % | |
| S2 | 1.65 | -1.48 % | ||
| S3 | 1.63 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.78 | 6.56 % | |
| R2 | 1.75 | 4.79 % | ||
| R1 | 1.70 | 1.80 % | ||
| Current price | 1.67 | |||
| Support | S1 | 1.64 | -1.80% | |
| S2 | 1.44 | -13.77% | ||
| S3 | 1.40 | -16.17% |
CIBEY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2023 | Mar 31, 2023 | Jun 28, 2023 | $0.0170 | 1.50% |
| 2 | Apr 01, 2022 | Apr 01, 2022 | Apr 13, 2022 | $0.0492 | 3.32% |
| 3 | Apr 03, 2020 | Apr 03, 2020 | Apr 03, 2020 | $0.0525 | 2.47% |
| 4 | Mar 16, 2018 | Mar 16, 2018 | Mar 16, 2018 | $0.0379 | 1.12% |
| 5 | Mar 31, 2017 | Mar 31, 2017 | Mar 31, 2017 | $0.0186 | 0.654% |
FAQ
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