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Weaker Stock
Today CAMP ranks #12650 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$9.74 (-4.51%)

Volume: 137k

Closed: Nov 26, 2021

Hollow Logo Score: -5.057

CalAmp Corp. Stock Forecast

$9.74 (-4.51%)

Volume: 137k

Closed: Nov 26, 2021

Score Hollow Logo -5.057
Which way will CAMP go? Request
Earnings Date: Dec 21, 2021
Key Stats
P/E Ratio -8.79
Beta 1.63
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 38 and the stock is currently not being overbought or oversold

CalAmp Corp. stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The CalAmp Corp. stock price fell by -4.51% on the last day (Friday, 26th Nov 2021) from $10.20 to $9.74. During the day the stock fluctuated 4.57% from a day low at $9.63 to a day high of $10.07. The price has fallen in 6 of the last 10 days and is down by -8.54% for this period. Volume has increased on the last day by 81 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, 137 thousand shares were bought and sold for approximately $1.33 million.

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 -10.49% during the next 3 months and, with a 90% probability hold a price between $8.26 and $9.36 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.

Signals & Forecast

There are few to no technical positive signals at the moment. The CalAmp 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 $10.03 and $10.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -8.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). CalAmp 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

CalAmp Corp. finds support from accumulated volume at $9.71 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 $0.44 (4.57%) between high and low. For the last week, the stock has had a daily average volatility of 2.55%.

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

Is CalAmp Corp. stock A Buy?

CalAmp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.057

Predicted Opening Price for CalAmp Corp. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$9.81 $9.74 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Nov 15, 2021 "Canaccord Genuity" gave "$17.00 - $15.00" rating for CAMP. The price target was set to $10.12+1.1%.

Volatility and Risk
Daily Average Volatility: 2.55 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.55 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $10.01
Price: $9.74
Support: $9.71

CAMP Insider Trading Show all Trades

INSIDER POWER

3.769

Last 100 transactions
Buy: 738 813 | Sell: 196 025 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Sell 2 000 Rau Anand Restricted Stock Units
Nov 15, 2021 Sell 691 Rau Anand Common Stock
Nov 15, 2021 Buy 2 000 Rau Anand Common Stock
Oct 14, 2021 Buy 500 Gardner Jeffery R Common Stock
Sep 28, 2021 Buy 1 500 Gardner Jeffery R Common Stock
Show all Insider Trades
INSIDER POWER

3.769

Last 100 transactions
Buy: 738 813 | Sell: 196 025 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.25 5.27 %
10.09 3.54 %
9.98 2.48 %
Current price: 9.74
Support 9.65 -0.97 %
9.54 -2.04 %
9.37 -3.76 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.58 8.62 %
10.10 3.70 %
10.01 2.77 %
Current price 9.74
Support 9.71 -0.31%
9.68 -0.62%
9.62 -1.23%

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About CalAmp Corp.

CalAmp CalAmp Corp. provides wireless communications solutions for various applications worldwide. It operates through two segments, Wireless DataCom and Satellite. The Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, machine-to-machine (M2M) communications space, and other emerging markets that require connectivity anytime and anywhere. Its M2M and MRM solutions enable customers in energy, government, heavy e... Read more

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