CPS Technologies Corp. Stock Forecast
CPS Technologies Corp. stock price down 0.562% on Thursday
(Updated on Apr 25, 2024)
The CPS Technologies Corp. stock price fell by -0.562% on the last day (Thursday, 25th Apr 2024) from $1.78 to $1.77. During the last trading day the stock fluctuated 2.27% from a day low at $1.76 to a day high of $1.80. The price has fallen in 6 of the last 10 days and is down by -1.67% for this period. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 14 thousand shares were bought and sold for approximately $24.01 thousand.
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 -30.44% during the next 3 months and, with a 90% probability hold a price between $1.13 and $1.41 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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CPSH Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CPS Technologies 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 $1.78 and $1.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). CPS Technologies 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CPS Technologies Corp. stock
CPS Technologies Corp. finds support from accumulated volume at $1.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0400 (2.27%) between high and low. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPSH) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CPS Technologies Corp. to open at $1.78, and during the day (based on 14 day Average True Range), to move between $1.70 and $1.84, which gives a possible trading interval of +/-$0.0697 (+/-3.94%) up or down from last closing price. If CPS Technologies Corp. takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.76 (0.56%) than the resistance at $1.81 (1.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CPS Technologies Corp. will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for CPS Technologies Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.44% in the first trading day after earnings release.
Is CPS Technologies Corp. stock A Buy?
CPS Technologies Corp. holds several negative signals and is within a 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: -1.786 Sell Candidate Unchanged
Predicted Opening Price for CPS Technologies Corp. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.78 ( 0.377%) | $1.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.82 | 2.64 % | |
| R2 | 1.80 | 1.77 % | ||
| R1 | 1.79 | 1.24 % | ||
| Current price: | 1.77 | |||
| Support | S1 | 1.76 | -0.487 % | |
| S2 | 1.75 | -1.02 % | ||
| S3 | 1.74 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.99 | 12.15 % | |
| R2 | 1.85 | 4.52 % | ||
| R1 | 1.81 | 1.98 % | ||
| Current price | 1.77 | |||
| Support | S1 | 1.76 | -0.565% | |
| S2 | 1.75 | -1.13% | ||
| S3 | 1.74 | -1.69% |
FAQ
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