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% PDF
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|
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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%.
CCLP Insider Trading
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