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Cabot Microelectronics Corporation Stock Forecast NASDAQ:CCMP

$124.83 (-1.44%)

Volume: 151k

Closed: September 28, 2021

Score: -2.548

Cabot Microelectronics Corporation Stock Forecast

$124.83 (-1.44%)

Volume: 151k

Closed: September 28, 2021

Score -2.548
Which way will CCMP go? Request
Stop-loss: $5.82 (-4.69%)
Key Stats
P/E Ratio 8.46
Beta 0.71
Trailing Dividend Rate 3.67% ($0.23)
Next Dividend Date September 29, 2021
* 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 ] RSI14 is 36 and the stock is currently not being overbought or oversold

Cabot Microelectronics Corporation stock price down 1.44% on Tuesday
(Updated on September 28, 2021)


Sell candidate since 2021-09-27 Loss -1.44%

The Cabot Microelectronics Corporation stock price fell by -1.44% on the last day (Tuesday, 28th Sep 2021) from $126.65 to $124.83. During the day the stock fluctuated 3.65% from a day low at $122.67 to a day high of $127.15. The price has risen in 6 of the last 10 days, but is still down by -2.2% for this period. Volume has increased on the last day by 14 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, 151 thousand shares were bought and sold for approximately $18.82 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 -14.99% during the next 3 months and, with a 90% probability hold a price between $93.86 and $112.06 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

A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 3.71%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cabot Microelectronics Corporation 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 $125.51 and $127.62. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Cabot Microelectronics Corporation finds support from accumulated volume at $124.79 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 $4.48 (3.65%) 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 Cabot Microelectronics Corporation stock A Buy?

Cabot Microelectronics Corporation 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.

Current score: -2.548

Predicted Opening Price for Cabot Microelectronics Corporation of Wednesday, September 29, 2021

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

Fair opening price September 29, 2021 Current price
$124.88 $124.83 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On September 15, 2021 "Wolfe Research" gave "" rating for CCMP. The price target was changed from $127.64 to 2.5%.

Volatility and Risk
Daily Average Volatility: 2.55 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.55 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $125.04
Price: $124.83
Support: $124.79

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 129.36 3.63 %
127.65 2.26 %
126.59 1.41 %
Current price: 124.83
Support 123.17 -1.33 %
122.11 -2.18 %
120.40 -3.55 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 142.86 14.44 %
130.12 4.24 %
125.04 0.17 %
Current price 124.83
Support 124.79 -0.0320%
122.72 -1.69%
121.39 -2.76%

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About Cabot Microelectronics Corporation

Cabot Microelectronics Cabot Microelectronics Corporation develops, manufactures, and sells polishing slurries and pads used in the manufacture of advanced integrated circuit (IC) devices in the semiconductor industry in a process called chemical mechanical planarization (CMP). The CMP technology is a polishing process used by IC device manufacturers to planarize or flatten the multiple layers of material that are deposited upon silicon wafers. The company offers CMP s... Read more

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