Cousins Properties Incorporated Stock Forecast
Red day on Friday for Cousins Properties Incorporated
(Updated on Apr 26, 2024)
The Cousins Properties Incorporated stock price fell by -0.781% on the last day (Friday, 26th Apr 2024) from $23.04 to $22.86. During the last trading day the stock fluctuated 3.46% from a day low at $22.66 to a day high of $23.45. The price has risen in 6 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $66.34 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cousins Properties Incorporated stock with a 90% probability to be traded between $21.27 and $23.62 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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CUZ Signals & Forecast
There are mixed signals in the stock today. The Cousins Properties Incorporated 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 $22.95. On a fall, the stock will find some support from the short-term average at $22.62. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cousins Properties Incorporated stock
Cousins Properties Incorporated finds support from accumulated volume at $22.84 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 $0.785 (3.46%) between high and low. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CUZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Cousins Properties Incorporated to open at $22.99, and during the day (based on 14 day Average True Range), to move between $22.27 and $23.45, which gives a possible trading interval of +/-$0.589 (+/-2.58%) up or down from last closing price. If Cousins Properties Incorporated takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.84 (0.09%) than the resistance at $22.90 (0.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cousins Properties Incorporated stock A Buy?
Cousins Properties Incorporated holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.819 Sell Candidate Unchanged
Predicted Opening Price for Cousins Properties Incorporated of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$22.99 ( 0.561%) | $22.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.77 | 4.00 % | |
R2 | 23.47 | 2.68 % | ||
R1 | 23.29 | 1.87 % | ||
Current price: | 22.86 | |||
Support | S1 | 22.69 | -0.750 % | |
S2 | 22.50 | -1.56 % | ||
S3 | 22.20 | -2.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.61 | 3.28 % | |
R2 | 23.15 | 1.27 % | ||
R1 | 22.90 | 0.175 % | ||
Current price | 22.86 | |||
Support | S1 | 22.84 | -0.0875% | |
S2 | 22.81 | -0.219% | ||
S3 | 21.84 | -4.46% |
CUZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Apr 03, 2024 | Apr 15, 2024 | $0.320 | 1.45% |
2 | Dec 20, 2023 | Jan 03, 2024 | Jan 16, 2024 | $0.320 | 1.35% |
3 | Sep 19, 2023 | Oct 03, 2023 | Oct 13, 2023 | $0.320 | 1.69% |
4 | Jun 20, 2023 | Jul 05, 2023 | Jul 17, 2023 | $0.320 | 1.35% |
5 | Mar 20, 2023 | Apr 04, 2023 | Apr 14, 2023 | $0.320 | 1.59% |
FAQ
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