CPB Inc Stock Forecast
CPB Inc stock price ended at $20.76 on Thursday, after gaining 4.06%.
(Updated on Apr 25, 2024)
The CPB Inc stock price gained 4.06% on the last trading day (Thursday, 25th Apr 2024), rising from $19.95 to $20.76. During the last trading day the stock fluctuated 5.82% from a day low at $19.69 to a day high of $20.83. The price has fallen in 5 of the last 10 days but is still up by 8.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 166 thousand more shares were traded than the day before. In total, 386 thousand shares were bought and sold for approximately $8.02 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $19.85 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $21.23 sometime during the next 3 months.
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CPF Signals & Forecast
The CPB Inc 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 $19.54 and $19.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 11.02%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Wednesday, February 28, 2024 with a target of $19.20. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for CPB Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $19.38 and $19.04. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CPB Inc finds support just below today's level at $19.38. If this is broken, then the next support from accumulated volume will be at $19.04 and $19.00.
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 $1.15 (5.82%) between high and low. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: $20.03 (-3.54%) (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 (CPF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CPB Inc to open at $20.43, and during the day (based on 14 day Average True Range), to move between $20.24 and $21.28, which gives a possible trading interval of +/-$0.524 (+/-2.52%) up or down from last closing price. If CPB Inc takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.38, some $1.38 (6.65%) from the current price of $20.76, our system finds the risk reward attractive.
Is CPB Inc stock A Buy?
CPB Inc 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for CPB Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $20.43 ( 1.61%) | $20.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.57 | 3.90 % | |
| R2 | 21.13 | 1.79 % | ||
| R1 | 20.86 | 0.493 % | ||
| Current price: | 20.76 | |||
| Support | S1 | 19.99 | -3.72 % | |
| S2 | 19.72 | -5.02 % | ||
| S3 | 19.28 | -7.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 20.76 | |||
| Support | S1 | 19.38 | -6.65% | |
| S2 | 19.04 | -8.29% | ||
| S3 | 19.00 | -8.48% |
CPF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.260 | 1.39% |
| 2 | Oct 24, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.260 | 1.33% |
| 3 | Jul 25, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.260 | 1.56% |
| 4 | Apr 25, 2023 | May 30, 2023 | Jun 15, 2023 | $0.260 | 1.56% |
| 5 | Jan 25, 2023 | Feb 27, 2023 | Mar 15, 2023 | $0.260 | 1.34% |
FAQ
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