CalAmp Corp. stock price up 1.5873015873016% on Friday
(Updated on Dec 08, 2023)
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The stock lies in the middle of a very 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 -29.52% during the next 3 months and, with a 90% probability hold a price between $0.121 and $0.254 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.
CAMP Signals & Forecast
The CalAmp Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.325. On a fall, the stock will find some support from the long-term average at approximately $0.310. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 15, 2023, and so far it has fallen -19.76%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
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Support, Risk & Stop-loss for CalAmp Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.293 and $0.280. 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, CalAmp Corp. finds support just below today's level at $0.293. If this is broken, then the next support from accumulated volume will be at $0.280 and $0.247.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0249 between high and low, or 8.44%. For the last week the stock has had daily average volatility of 9.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAMP) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect CalAmp Corp. to open at $0.312, and during the day (based on 14 day Average True Range), to move between $0.280 and $0.360, which gives a possible trading interval of +/-$0.0405 (+/-12.64%) up or down from last closing price. If CalAmp Corp. takes out the full calculated possible swing range there will be an estimated 25.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.340 (6.25%) than the support at $0.293 (8.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CalAmp Corp. stock A Buy?
CalAmp Corp. holds several negative signals and is within a very 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.
Current score: -2.069 Open Broker AccountSell Candidate Unchanged
Predicted Opening Price for CalAmp Corp. of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 11, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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