CalAmp Corp. Stock Forecast

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 Account

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