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 PDF
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|
Remember To Visit Our YouTube Channel
On Nov 15, 2021 "Canaccord Genuity" gave "$17.00 - $15.00" rating for CAMP. The price target was set to $10.12+1.1%.
CAMP Insider Trading
|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|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.