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Today CCLP ranks #12571 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$1.16 (2.65%)

Volume: 153k

Closed: Dec 03, 2021

Hollow Logo Score: -3.031

CSI Compressco LP Stock Forecast

$1.16 (2.65%)

Volume: 153k

Closed: Dec 03, 2021

Score Hollow Logo -3.031
Which way will CCLP go? Request
Key Stats
Beta 0.49
Trailing Dividend Rate 3.42% ($0.0396)
* 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 ] The CSI Compressco LP stock currently holds an RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Green day on Friday for CSI Compressco LP stock after gaining 2.65%
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-22 Loss -12.78%

The CSI Compressco LP stock price gained 2.65% on the last trading day (Friday, 3rd Dec 2021), rising from $1.13 to $1.16. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 7.21% from a day low at $1.11 to a day high of $1.19. The price has fallen in 6 of the last 10 days and is down by -17.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 thousand more shares were traded than the day before. In total, 153 thousand shares were bought and sold for approximately $177.60 thousand.

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 $1.11 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.21% during the next 3 months and, with a 90% probability hold a price between $0.98 and $1.49 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 3.57%. Further rise is indicated until a new top pivot has been found. CSI Compressco LP has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CSI Compressco LP 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 $1.20 and $1.47. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

CSI Compressco LP finds support from accumulated volume at $1.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0800 between high and low, or 7.21%. For the last week, the stock has had a daily average volatility of 9.31%.

CSI Compressco LP is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is CSI Compressco LP stock A Buy?

CSI Compressco LP 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: -3.031

Predicted Opening Price for CSI Compressco LP of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$1.15 $1.16 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 12, 2021 "Stifel Nicolaus" gave "$1.00 - $1.50" rating for CCLP. The price target was changed from $1.42 to 10.1%.

Volatility and Risk
Daily Average Volatility: 9.31 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.31 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.31
Price: $1.16
Support: $1.13

CCLP Insider Trading Show all Trades

INSIDER POWER

0.543

Last 100 transactions
Buy: 6 010 433 | Sell: 11 077 828 (Shares)
Date Action Amount Person Type
Nov 18, 2021 Buy 1 509 436 Spartan Energy Partners Lp Common units representing limited partner interests
Nov 18, 2021 Buy 226 415 Jackson John Earl Common units representing limited partner interests
Nov 10, 2021 Buy 1 111 111 Gardner Ted A Common Units Representing Limited Partner Interests
Nov 10, 2021 Buy 37 037 Moscoso Michael E Common Units Representing Limited Partner Interests
Nov 10, 2021 Buy 148 148 Price Robert Wesley Common Units Representing Limited Partner Interests
Show all Insider Trades
INSIDER POWER

0.543

Last 100 transactions
Buy: 6 010 433 | Sell: 11 077 828 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.23 6.32 %
1.20 3.69 %
1.18 2.06 %
Current price: 1.16
Support 1.12 -3.21 %
1.10 -4.84 %
1.07 -7.47 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.44 24.14 %
1.42 22.46 %
1.31 12.93 %
Current price 1.16
Support 1.13 -2.59%
1.12 -3.45%
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About CSI Compressco LP

CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, and oilfield fluid pump systems, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services; and compressor package p... Read more

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