Citizens Holding Company Stock Forecast
Red day on Friday for Citizens Holding Company
(Updated on Apr 26, 2024)
The Citizens Holding Company stock price fell by -0.0013% on the last day (Friday, 26th Apr 2024) from $7.86 to $7.86. During the last trading day the stock fluctuated 1.29% from a day low at $7.76 to a day high of $7.86. The price has been going up and down for this period, and there has been a 0.38% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 4 thousand shares were bought and sold for approximately $30.43 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Citizens Holding Company stock with a 90% probability to be traded between $7.75 and $8.06 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CIZN Signals & Forecast
The Citizens Holding Company stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.87. On a fall, the stock will find some support from the long-term average at approximately $7.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -0.381%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Citizens Holding Company stock
Citizens Holding Company finds support from accumulated volume at $7.80 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 $0.100 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 0.95%
Our recommended stop-loss: $7.56 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (CIZN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Citizens Holding Company to open at $7.83, and during the day (based on 14 day Average True Range), to move between $7.78 and $7.94, which gives a possible trading interval of +/-$0.0819 (+/-1.04%) up or down from last closing price. If Citizens Holding Company takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.86 (0.00%) than the support at $7.80 (0.76%), 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 Citizens Holding Company stock A Buy?
Citizens Holding Company 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.
Current score: 0.548 Hold/Accumulate Unchanged
Predicted Opening Price for Citizens Holding Company of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$7.83 ( 0.423%) | $7.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIZN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.93 | 0.85 % | |
R2 | 7.89 | 0.363 % | ||
R1 | 7.86 | 0.0628 % | ||
Current price: | 7.86 | |||
Support | S1 | 7.79 | -0.91 % | |
S2 | 7.76 | -1.21 % | ||
S3 | 7.73 | -1.70 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.89 | 0.383 % | |
R2 | 7.88 | 0.256 % | ||
R1 | 7.86 | 0.0013 % | ||
Current price | 7.86 | |||
Support | S1 | 7.80 | -0.762% | |
S2 | 7.70 | -2.03% | ||
S3 | 7.62 | -3.05% |
CIZN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 29, 2024 | $0.160 | 2.04% |
2 | Nov 30, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.160 | 2.06% |
3 | Sep 12, 2023 | Sep 21, 2023 | Sep 29, 2023 | $0.160 | 1.52% |
4 | Jun 02, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.160 | 1.31% |
5 | Mar 06, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.240 | 1.99% |
FAQ
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