Stock Price Prediction

Technical Analysis

Current price of CADE is $34.47, showing a slight decline of -0.09% in the last trading session. The stock is trading above both its 200-day SMA ($32.08) and 250-day SMA ($31.06), indicating a long-term uptrend.

Key Technical Indicators:

• RSI-14: 44.75 (neutral territory)
• MACD: Slightly bearish with -0.11
• Bollinger Bands:
  • Middle Band: $35.12
  • Upper Band: $36.52
  • Lower Band: $33.72
  • Current price is near the middle band, suggesting neutral momentum

Fibonacci Levels:

• Resistance 1: $35.56
• Resistance 2: $35.95
• Support 1: $34.31
• Support 2: $33.93

News Impact

Cadence Bank recently announced a merger agreement with FCB Financial Corp, valued at approximately $103.6 million. This strategic acquisition is expected to strengthen CADE's presence in Southeast Georgia.

Earnings Outlook

The company is expected to report Q4 2024 earnings with consensus EPS forecast of $0.68, representing a 70% increase year-over-year. However, it's worth noting that CADE missed consensus earnings in Q4 2023 by -24.53%.

Price Prediction for Next Week

Based on technical analysis and recent news:

• Bullish scenario (40% probability): Price could test R1 at $35.56
• Bearish scenario (30% probability): May find support at S1 $34.31
• Neutral scenario (30% probability): Consolidation between $34.31-$35.56

Trading Recommendation: HOLD

The stock shows mixed signals with positive fundamental catalysts from the merger announcement but cautious technical indicators. While the long-term trend remains bullish, short-term momentum is neutral. Traders should wait for a clear break above $35.56 for buying opportunities or below $34.31 for selling positions.