CTS Corporation Stock Forecast
Green day on Thursday for CTS Corporation
(Updated on May 02, 2024)
The CTS Corporation stock price gained 2.30% on the last trading day (Thursday, 2nd May 2024), rising from $47.42 to $48.51. During the last trading day the stock fluctuated 3.40% from a day low at $47.40 to a day high of $49.01. The price has risen in 9 of the last 10 days and is up by 12.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 207 thousand shares were bought and sold for approximately $10.06 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $48.06, a level that may pose a second chance to hit a runner. According to fan-theory $52.79 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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 $46.59 and $45.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 12.55%. 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. The stock had a Golden Star Signal on Friday, August 18, 2023 in the long-term chart.
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, August 18, 2023 in the long-term chart.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
On the downside, the stock finds support just below today's level from accumulated volume at $45.91 and $44.13. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CTS Corporation finds support just below today's level at $45.91. If this is broken, then the next support from accumulated volume will be at $44.13 and $42.71.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.61 between high and low, or 3.40%. For the last week, the stock has had daily average volatility of 3.11%.
Our recommended stop-loss: $46.69 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (CTS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect CTS Corporation to open at $48.31, and during the day (based on 14 day Average True Range), to move between $47.30 and $49.72, which gives a possible trading interval of +/-$1.21 (+/-2.49%) up or down from last closing price. If CTS Corporation takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $45.91, some $2.60 (5.36%) from the current price of $48.51, our system finds the risk reward attractive.
Is CTS Corporation stock A Buy?
CTS Corporation holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.996 Strong Buy Candidate Unchanged
Predicted Opening Price for CTS Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $48.31 ( 0.419%) | $48.51 |
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 | 49.92 | 2.90 % | |
| R2 | 49.30 | 1.63 % | ||
| R1 | 48.92 | 0.85 % | ||
| Current price: | 48.51 | |||
| Support | S1 | 47.69 | -1.69 % | |
| S2 | 47.31 | -2.47 % | ||
| S3 | 46.70 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 48.51 | |||
| Support | S1 | 45.91 | -5.36% | |
| S2 | 44.13 | -9.03% | ||
| S3 | 42.71 | -11.96% |
CTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.0400 | 0.0867% |
| 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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