CTS Corporation Stock Forecast
Stronger technical forecast for CTS Corporation stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The CTS Corporation stock price gained 3.24% on the last trading day (Wednesday, 27th Mar 2024), rising from $45.44 to $46.91. During the last trading day the stock fluctuated 2.84% from a day low at $45.65 to a day high of $46.94. The price has risen in 6 of the last 10 days and is up by 5.49% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 89 thousand shares were bought and sold for approximately $4.18 million. 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 wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.04% during the next 3 months and, with a 90% probability hold a price between $46.71 and $52.50 at the end of this 3-month period.
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CTS Signals & Forecast
Mostly positive signals in the chart today. The CTS Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $45.47 and $44.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 16.32%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, February 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, August 18, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, February 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, August 18, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, February 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, August 18, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CTS Corporation stock
CTS Corporation finds support from accumulated volume at $45.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.29 between high and low, or 2.84%. For the last week the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: $45.39 (-3.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (CTS) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect CTS Corporation to open at $46.50, and during the day (based on 14 day Average True Range), to move between $45.83 and $47.99, which gives a possible trading interval of +/-$1.08 (+/-2.30%) up or down from last closing price. If CTS Corporation takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $45.91, some $1.00 (2.13%) from the current price of $46.91, our system finds the risk reward attractive.
Is CTS Corporation stock A Buy?
CTS Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.524 Strong Buy Candidate Upgraded
Predicted Opening Price for CTS Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$46.50 ( 0.88%) | $46.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.79 | 1.88 % | |
R2 | 47.30 | 0.83 % | ||
R1 | 46.99 | 0.177 % | ||
Current price: | 46.91 | |||
Support | S1 | 46.00 | -1.93 % | |
S2 | 45.70 | -2.58 % | ||
S3 | 45.20 | -3.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 46.91 | |||
Support | S1 | 45.91 | -2.13% | |
S2 | 42.71 | -8.95% | ||
S3 | 42.39 | -9.64% |
CTS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.0400 | 0.0853% |
2 | Nov 03, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.0400 | 0.0958% |
3 | Aug 17, 2023 | Sep 28, 2023 | Oct 27, 2023 | $0.0400 | 0.109% |
4 | May 11, 2023 | Jun 29, 2023 | Jul 28, 2023 | $0.0400 | 0.0939% |
5 | Feb 09, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.0400 | 0.102% |
FAQ
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