CSP Inc. Stock Forecast
CSP Inc. stock upgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The CSP Inc. stock price gained 0.0702% on the last trading day (Friday, 19th Apr 2024), rising from $14.24 to $14.25. During the last trading day the stock fluctuated 8.61% from a day low at $14.00 to a day high of $15.21. The price has fallen in 6 of the last 10 days and is down by -24.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 140 thousand shares were bought and sold for approximately $2.00 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.08 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.49% during the next 3 months and, with a 90% probability hold a price between $11.76 and $42.12 at the end of this 3-month period.
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CSPI Signals & Forecast
There are mixed signals in the stock today. The CSP Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.43 and $27.88. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.0702%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for CSP Inc. stock
CSP Inc. finds support from accumulated volume at $14.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.21 between high and low, or 8.61%. For the last week, the stock has had daily average volatility of 10.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSPI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CSP Inc. to open at $14.49, and during the day (based on 14 day Average True Range), to move between $11.34 and $17.16, which gives a possible trading interval of +/-$2.91 (+/-20.41%) up or down from last closing price. If CSP Inc. takes out the full calculated possible swing range there will be an estimated 40.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.24 (0.07%) than the resistance at $16.21 (13.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CSP Inc. stock A Buy?
CSP Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.968 Sell Candidate Upgraded
Predicted Opening Price for CSP Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $14.49 ( 1.65%) | $14.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.69 | 10.11 % | |
| R2 | 15.23 | 6.88 % | ||
| R1 | 14.95 | 4.88 % | ||
| Current price: | 14.25 | |||
| Support | S1 | 14.02 | -1.58 % | |
| S2 | 13.74 | -3.58 % | ||
| S3 | 13.28 | -6.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.77 | 24.70 % | |
| R2 | 17.10 | 20.00 % | ||
| R1 | 16.21 | 13.75 % | ||
| Current price | 14.25 | |||
| Support | S1 | 14.24 | -0.0702% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CSPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Mar 08, 2024 | $0.0500 | 0.280% |
| 2 | Dec 12, 2023 | Dec 21, 2023 | Jan 09, 2024 | $0.0400 | 0.421% |
| 3 | Aug 09, 2023 | Aug 22, 2023 | Sep 12, 2023 | $0.0400 | 0.392% |
| 4 | May 10, 2023 | May 24, 2023 | Jun 13, 2023 | $0.0400 | 0.614% |
| 5 | Feb 08, 2023 | Feb 23, 2023 | Mar 14, 2023 | $0.0300 | 0.510% |
FAQ
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