Consensus Cloud Solutions, Inc. Stock Forecast
Consensus Cloud Solutions, Inc. stock price down 3.81% on Tuesday
(Updated on Jul 02, 2024)
The Consensus Cloud Solutions, Inc. stock price fell by -3.81% on the last day (Tuesday, 2nd Jul 2024) from $16.55 to $15.92. During the last trading day the stock fluctuated 5.11% from a day low at $15.85 to a day high of $16.66. The price has been going up and down for this period, and there has been a -8.29% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -78 thousand shares and in total, 78 thousand shares were bought and sold for approximately $1.25 million.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $15.95. A reaction back to this level may hold a second chance to get out before further falls.
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CCSI Signals & Forecast
There are few to no technical positive signals at the moment. The Consensus Cloud Solutions, Inc. 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 $16.46 and $18.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -21.30%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Consensus Cloud Solutions, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.23 and $12.50. 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, Consensus Cloud Solutions, Inc. finds support just below today's level at $13.23. If this is broken, then the next support from accumulated volume will be at $12.50 and $12.25.
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 $0.81 between high and low, or 5.11%. For the last week the stock has had daily average volatility of 5.07%.
Consensus Cloud Solutions, Inc. is oversold on RSI14 (22). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCSI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Consensus Cloud Solutions, Inc. to open at $16.14, and during the day (based on 14 day Average True Range), to move between $14.99 and $16.85, which gives a possible trading interval of +/-$0.93 (+/-5.85%) up or down from last closing price. If Consensus Cloud Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.00 (13.07%) than the support at $13.23 (16.90%), 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 Consensus Cloud Solutions, Inc. stock A Buy?
The Consensus Cloud Solutions, Inc. stock holds several negative signals and despite the positive trend, we believe Consensus Cloud Solutions, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.612 Sell Candidate Unchanged
Predicted Opening Price for Consensus Cloud Solutions, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $16.14 ( 1.40%) | $15.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCSI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.95 | 6.49% |
| R2 | 16.64 | 4.55% |
| R1 | 16.45 | 3.35% |
| Price | 15.92 | |
| S1 | 15.83 | -0.541% |
| S2 | 15.64 | -1.74% |
| S3 | 15.33 | -3.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.11 | 20.04% |
| R2 | 18.87 | 18.53% |
| R1 | 18.00 | 13.07% |
| Price | 15.92 | |
| S1 | 13.23 | -16.90% |
| S2 | 12.50 | -21.48% |
| S3 | 12.25 | -23.05% |
FAQ
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