CPI Card Group Inc. Stock Forecast
Green day on Thursday for CPI Card Group Inc. stock after gaining 0.723%
(Updated on Apr 25, 2024)
The CPI Card Group Inc. stock price gained 0.723% on the last trading day (Thursday, 25th Apr 2024), rising from $16.60 to $16.72. During the last trading day the stock fluctuated 4.57% from a day low at $16.08 to a day high of $16.82. The price has fallen in 7 of the last 10 days and is down by -9.13% for this period. Volume fell on the last day by -22 thousand shares and in total, 9 thousand shares were bought and sold for approximately $152.80 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 -7.68% during the next 3 months and, with a 90% probability hold a price between $13.09 and $17.58 at the end of this 3-month period.
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PMTS Signals & Forecast
There are few to no technical positive signals at the moment. The CPI Card Group 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 $17.36 and $17.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -13.57%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for CPI Card Group Inc. stock
CPI Card Group Inc. finds support from accumulated volume at $16.60 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.735 between high and low, or 4.57%. For the last week the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PMTS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CPI Card Group Inc. to open at $16.54, and during the day (based on 14 day Average True Range), to move between $15.77 and $17.67, which gives a possible trading interval of +/-$0.95 (+/-5.69%) up or down from last closing price. If CPI Card Group Inc. takes out the full calculated possible swing range there will be an estimated 11.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.60 (0.72%) than the resistance at $18.01 (7.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CPI Card Group Inc. stock A Buy?
CPI Card Group Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.780 Sell Candidate Unchanged
Predicted Opening Price for CPI Card Group Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$16.54 ( 1.09%) | $16.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PMTS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.27 | 3.31 % | |
R2 | 16.99 | 1.63 % | ||
R1 | 16.82 | 0.593 % | ||
Current price: | 16.72 | |||
Support | S1 | 16.26 | -2.77 % | |
S2 | 16.08 | -3.80 % | ||
S3 | 15.80 | -5.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.53 | 10.83 % | |
R2 | 18.26 | 9.21 % | ||
R1 | 18.01 | 7.72 % | ||
Current price | 16.72 | |||
Support | S1 | 16.60 | -0.718% | |
S2 | 15.97 | -4.49% | ||
S3 | 15.36 | -8.13% |
PMTS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 03, 2017 | Jun 14, 2017 | Dec 20, 2017 | $0.225 | 6.54% |
2 | Mar 01, 2017 | Mar 15, 2017 | Apr 07, 2017 | $0.225 | 1.14% |
3 | Nov 09, 2016 | Dec 14, 2016 | Jan 12, 2017 | $0.225 | 1.03% |
4 | Aug 10, 2016 | Sep 14, 2016 | Oct 07, 2016 | $0.225 | 0.733% |
5 | May 11, 2016 | Jun 14, 2016 | Jul 07, 2016 | $0.225 | 0.93% |
FAQ
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