Calix Inc Stock Forecast
Calix Inc stock price up 0.96% on Monday
(Updated on Apr 22, 2024)
The Calix Inc stock price gained 0.96% on the last trading day (Monday, 22nd Apr 2024), rising from $29.28 to $29.56. During the last trading day the stock fluctuated 2.45% from a day low at $29.01 to a day high of $29.72. The price has fallen in 7 of the last 10 days and is down by -7.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 481 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $34.00 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.77 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.78% during the next 3 months and, with a 90% probability hold a price between $23.37 and $29.62 at the end of this 3-month period.
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CALX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.30%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Calix Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $32.83. On a fall, the stock will find some support from the short-term average at $29.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Calix Inc stock
Calix Inc finds support from accumulated volume at $29.44 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.710 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CALX) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Calix Inc to open at $29.43, and during the day (based on 14 day Average True Range), to move between $28.65 and $30.47, which gives a possible trading interval of +/-$0.91 (+/-3.09%) up or down from last closing price. If Calix Inc takes out the full calculated possible swing range there will be an estimated 6.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.44 (0.41%) than the resistance at $32.95 (11.47%), 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
Calix Inc will release earnings AMC on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.200. We will update the financials statements for Calix Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.22% in the first trading day after earnings release.
Is Calix Inc stock A Buy?
Calix Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.510 Sell Candidate Unchanged
Predicted Opening Price for Calix Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $29.43 ( 0.440%) | $29.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CALX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.14 | 1.96 % | |
| R2 | 29.87 | 1.04 % | ||
| R1 | 29.70 | 0.478 % | ||
| Current price: | 29.56 | |||
| Support | S1 | 29.16 | -1.36 % | |
| S2 | 28.99 | -1.92 % | ||
| S3 | 28.72 | -2.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.89 | 14.65 % | |
| R2 | 33.18 | 12.25 % | ||
| R1 | 32.95 | 11.47 % | ||
| Current price | 29.56 | |||
| Support | S1 | 29.44 | -0.406% | |
| S2 | 29.42 | -0.474% | ||
| S3 | 29.37 | -0.643% |
FAQ
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