Consolidated Tomoka Land Company Stock Forecast
Consolidated Tomoka Land Company stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)
The Consolidated Tomoka Land Company stock price gained 1.08% on the last trading day (Wednesday, 27th Mar 2024), rising from $16.72 to $16.90. During the last trading day the stock fluctuated 1.49% from a day low at $16.74 to a day high of $16.99. The price has risen in 6 of the last 10 days and is up by 1.44% 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, 56 thousand more shares were traded than the day before. In total, 179 thousand shares were bought and sold for approximately $3.02 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Consolidated Tomoka Land Company stock with a 90% probability to be traded between $15.82 and $16.87 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. 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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CTO Signals & Forecast
The Consolidated Tomoka Land Company 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 $16.79 and $16.77. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -1.86%. 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). The stock had a Golden Star Signal on Thursday, February 22, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 22, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Consolidated Tomoka Land Company stock
Consolidated Tomoka Land Company finds support from accumulated volume at $16.86 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.250 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: $16.20 (-4.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (CTO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Consolidated Tomoka Land Company to open at $16.88, and during the day (based on 14 day Average True Range), to move between $16.63 and $17.17, which gives a possible trading interval of +/-$0.270 (+/-1.60%) up or down from last closing price. If Consolidated Tomoka Land Company takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.86 (0.24%) than the resistance at $17.09 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Consolidated Tomoka Land Company stock A Buy?
Consolidated Tomoka Land 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.273 Hold/Accumulate Upgraded
Predicted Opening Price for Consolidated Tomoka Land Company of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$16.88 ( 0.138%) | $16.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.13 | 1.34 % | |
R2 | 17.03 | 0.776 % | ||
R1 | 16.97 | 0.427 % | ||
Current price: | 16.90 | |||
Support | S1 | 16.78 | -0.703 % | |
S2 | 16.72 | -1.05 % | ||
S3 | 16.63 | -1.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.22 | 1.89 % | |
R2 | 17.13 | 1.36 % | ||
R1 | 17.09 | 1.12 % | ||
Current price | 16.90 | |||
Support | S1 | 16.86 | -0.237% | |
S2 | 16.68 | -1.30% | ||
S3 | 16.66 | -1.42% |
CTO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.380 | 2.25% |
2 | Dec 13, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.380 | 2.19% |
3 | May 23, 2023 | Sep 13, 2023 | Sep 29, 2023 | $0.380 | 2.34% |
4 | May 22, 2023 | Jun 07, 2023 | Jun 30, 2023 | $0.380 | 2.22% |
5 | Feb 22, 2023 | Mar 08, 2023 | Mar 31, 2023 | $0.380 | 2.20% |
FAQ
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