Civista Bancshares Stock Forecast
Weaker technical forecast for Civista Bancshares as stock downgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)
The Civista Bancshares stock price gained 1.39% on the last trading day (Wednesday, 24th Apr 2024), rising from $15.14 to $15.35. During the last trading day the stock fluctuated 2.74% from a day low at $14.94 to a day high of $15.35. The price has risen in 6 of the last 10 days and is up by 6.23% over the past 2 weeks. Volume fell on the last day by -593 shares and in total, 18 thousand shares were bought and sold for approximately $282.79 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 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 -12.10% during the next 3 months and, with a 90% probability hold a price between $12.41 and $13.93 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CIVB Signals & Forecast
The Civista Bancshares 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 $14.84 and $14.83. 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 7.42%. Further rise is indicated until a new top pivot has been found. 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). 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.
Support, Risk & Stop-loss for Civista Bancshares stock
Civista Bancshares finds support from accumulated volume at $14.92 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 controlled movements and therefore the general risk is considered 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 $0.410 between high and low, or 2.74%. For the last week the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: $14.82 (-3.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CIVB) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Civista Bancshares to open at $15.21, and during the day (based on 14 day Average True Range), to move between $14.93 and $15.77, which gives a possible trading interval of +/-$0.425 (+/-2.77%) up or down from last closing price. If Civista Bancshares takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.38 (0.20%) than the support at $14.92 (2.80%), 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.
Earnings coming up
Civista Bancshares will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.470. We will update the financials statements for Civista Bancshares, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.58% in the first trading day after earnings release.
Is Civista Bancshares stock A Buy?
Civista Bancshares 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.793 Hold/Accumulate Downgraded
Predicted Opening Price for Civista Bancshares of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $15.21 ( 0.89%) | $15.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIVB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.62 | 1.78 % | |
| R2 | 15.47 | 0.760 % | ||
| R1 | 15.37 | 0.130 % | ||
| Current price: | 15.35 | |||
| Support | S1 | 15.06 | -1.91 % | |
| S2 | 14.96 | -2.54 % | ||
| S3 | 14.80 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.71 | 2.35 % | |
| R2 | 15.44 | 0.586 % | ||
| R1 | 15.38 | 0.195 % | ||
| Current price | 15.35 | |||
| Support | S1 | 14.92 | -2.80% | |
| S2 | 14.88 | -3.06% | ||
| S3 | 14.65 | -4.56% |
CIVB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Feb 12, 2024 | Mar 01, 2024 | $0.160 | 1.07% |
| 2 | Oct 26, 2023 | Nov 06, 2023 | Nov 21, 2023 | $0.160 | 1.04% |
| 3 | Jul 27, 2023 | Aug 07, 2023 | Aug 22, 2023 | $0.160 | 0.94% |
| 4 | Apr 28, 2023 | May 08, 2023 | Aug 22, 2023 | $0.150 | 0.89% |
| 5 | Feb 03, 2023 | Feb 13, 2023 | Mar 01, 2023 | $0.140 | 0.644% |
FAQ
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