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 CLMT
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Calumet Specialty Products Partners stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Calumet Specialty Products Partners stock price gained 4.20% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.80 to $14.38. During the last trading day the stock fluctuated 4.42% from a day low at $13.81 to a day high of $14.42. The price has fallen in 7 of the last 10 days and is down by -2.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 86 thousand shares were bought and sold for approximately $1.23 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 -16.08% during the next 3 months and, with a 90% probability hold a price between $11.33 and $13.43 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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CLMT Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 4.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Calumet Specialty Products Partners has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Calumet Specialty Products Partners 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 $15.58. On a fall, the stock will find some support from the short-term average at $14.22. 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.

Support, Risk & Stop-loss for Calumet Specialty Products Partners stock

Calumet Specialty Products Partners finds support from accumulated volume at $14.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.610 between high and low, or 4.42%. For the last week, the stock has had daily average volatility of 3.73%.

Our recommended stop-loss: $13.65 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Calumet Specialty Products Partners to open at $14.20, and during the day (based on 14 day Average True Range), to move between $13.83 and $14.93, which gives a possible trading interval of +/-$0.551 (+/-3.83%) up or down from last closing price. If Calumet Specialty Products Partners takes out the full calculated possible swing range there will be an estimated 7.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.25 (0.90%) than the resistance at $16.00 (11.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Calumet Specialty Products Partners stock A Buy?

Calumet Specialty Products Partners 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: -0.942 Hold/Accumulate Upgraded

Predicted Opening Price for Calumet Specialty Products Partners of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$14.20 ( 1.23%) $14.38

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

Trading levels for CLMT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.81 3.01 %
R2 14.58 1.39 %
R1 14.44 0.392 %
Current price: 14.38
Support S1 13.97 -2.85 %
S2 13.83 -3.85 %
S3 13.59 -5.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.12 19.05 %
R2 16.60 15.44 %
R1 16.00 11.27 %
Current price 14.38
Support S1 14.25 -0.90%
S2 13.93 -3.13%
S3 13.80 -4.03%

CLMT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 19, 2016 Jan 29, 2016 Feb 12, 2016 $0.685 5.33%
2 Oct 23, 2015 Oct 30, 2015 Nov 13, 2015 $0.685 2.67%
3 Jul 21, 2015 Jul 31, 2015 Aug 14, 2015 $0.685 2.60%
4 Apr 20, 2015 May 01, 2015 May 15, 2015 $0.685 2.51%
5 Jan 23, 2015 Jan 30, 2015 Feb 13, 2015 $0.685 2.70%

FAQ

What is the symbol for Calumet Specialty Products Partners Stock and on which exchange is it traded?
The symbol for Calumet Specialty Products Partners is CLMT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Calumet Specialty Products Partners Stock?
Calumet Specialty Products Partners 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 Calumet Specialty Products Partners Stock?
Calumet Specialty Products Partners Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Calumet Specialty Products Partners Stock.

What's the current price of Calumet Specialty Products Partners Stock?
As of the end of day on the 2024-03-27, the price of an Calumet Specialty Products Partners (CLMT) share was $14.38.

What is the 52-week high and low for Calumet Specialty Products Partners Stock?
The 52-week high for Calumet Specialty Products Partners Stock is $19.88 and the 52-week low is $11.91.

What is the market capitalization of Calumet Specialty Products Partners Stock?
As of the 2024-03-27, the market capitalization of Calumet Specialty Products Partners is 1.107B.

When is the next earnings date for Calumet Specialty Products Partners?
The upcoming earnings date for Calumet Specialty Products Partners is May 03, 2024.
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About Calumet Specialty Products Partners

Calumet Specialty Products Partners Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The company's Montana/Renewables segment focuses on processing renewable feedstoc... CLMT Profile

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