RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CNOB
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Stronger technical forecast for ConnectOne Bancorp stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The ConnectOne Bancorp stock price gained 3.64% on the last trading day (Wednesday, 27th Mar 2024), rising from $18.68 to $19.36. During the last trading day the stock fluctuated 3.03% from a day low at $18.79 to a day high of $19.36. The price has fallen in 7 of the last 10 days and is down by -0.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 90 thousand more shares were traded than the day before. In total, 198 thousand shares were bought and sold for approximately $3.83 million.

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 -20.26% during the next 3 months and, with a 90% probability hold a price between $14.48 and $16.41 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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CNOB Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 3.70%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ConnectOne Bancorp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.71. On a fall, the stock will find some support from the short-term average at $19.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for ConnectOne Bancorp stock

ConnectOne Bancorp finds support from accumulated volume at $19.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.570 (3.03%) between high and low. For the last week, the stock has had daily average volatility of 2.81%.

Our recommended stop-loss: $18.39 (-5.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (CNOB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ConnectOne Bancorp to open at $19.17, and during the day (based on 14 day Average True Range), to move between $18.64 and $20.08, which gives a possible trading interval of +/-$0.715 (+/-3.70%) up or down from last closing price. If ConnectOne Bancorp takes out the full calculated possible swing range there will be an estimated 7.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.70 (1.76%) than the support at $19.01 (1.81%), 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 ConnectOne Bancorp stock A Buy?

ConnectOne Bancorp 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: -0.346 Hold/Accumulate Upgraded

Predicted Opening Price for ConnectOne Bancorp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$19.17 ( 0.98%) $19.36

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CNOB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.74 1.96 %
R2 19.52 0.84 %
R1 19.39 0.143 %
Current price: 19.36
Support S1 18.95 -2.11 %
S2 18.82 -2.80 %
S3 18.60 -3.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.13 19.47 %
R2 20.10 3.82 %
R1 19.70 1.76 %
Current price 19.36
Support S1 19.01 -1.81%
S2 18.90 -2.38%
S3 18.82 -2.79%

CNOB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 25, 2024 Feb 14, 2024 Mar 01, 2024 $0.170 0.86%
2 Nov 14, 2023 Nov 14, 2023 Dec 01, 2023 $0.170 0.81%
3 Jul 27, 2023 Aug 14, 2023 Sep 01, 2023 $0.170 0.87%
4 Apr 27, 2023 May 12, 2023 Jun 01, 2023 $0.170 1.20%
5 Jan 26, 2023 Feb 16, 2023 Mar 01, 2023 $0.155 0.634%

FAQ

What is the symbol for ConnectOne Bancorp Stock and on which exchange is it traded?
The symbol for ConnectOne Bancorp is CNOB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ConnectOne Bancorp Stock?
ConnectOne Bancorp 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.

How to buy ConnectOne Bancorp Stock?
ConnectOne Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ConnectOne Bancorp Stock.

What's the current price of ConnectOne Bancorp Stock?
As of the end of day on the 2024-03-27, the price of an ConnectOne Bancorp (CNOB) share was $19.36.

What is the 52-week high and low for ConnectOne Bancorp Stock?
The 52-week high for ConnectOne Bancorp Stock is $24.44 and the 52-week low is $13.11.

What is the market capitalization of ConnectOne Bancorp Stock?
As of the 2024-03-27, the market capitalization of ConnectOne Bancorp is 743.501M.

When is the next earnings date for ConnectOne Bancorp?
The upcoming earnings date for ConnectOne Bancorp is Apr 25, 2024.
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