Comtech Telecommunications Corp. Stock Forecast

Red day on Friday for Comtech Telecommunications Corp. stock after losing 1.33%
(Updated on Apr 19, 2024)

CMTL Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Comtech Telecommunications Corp. 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 $2.11 and $3.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -74.38%. Further fall is indicated until a new bottom pivot has been found. Comtech Telecommunications Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Comtech Telecommunications Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.1000 between high and low, or 5.43%. For the last week, the stock has had daily average volatility of 8.96%.

Comtech Telecommunications Corp. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CMTL) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Comtech Telecommunications Corp. to open at $1.88, and during the day (based on 14 day Average True Range), to move between $1.55 and $2.15, which gives a possible trading interval of +/-$0.297 (+/-16.03%) up or down from last closing price. If Comtech Telecommunications Corp. takes out the full calculated possible swing range there will be an estimated 32.07% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $1.88, some $0.0250 (1.35%) from the current price of $1.85, our system finds the risk reward not very attractive.

Is Comtech Telecommunications Corp. stock A Buy?

Comtech Telecommunications Corp. 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: -6.425 Strong Sell Candidate Unchanged

Predicted Opening Price for Comtech Telecommunications Corp. of Monday, April 22, 2024

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