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Stronger Stock

CECO Environmental Corp. Stock Forecast NASDAQ:CECE

$6.17 (-4.64%)

Volume: 63k

Closed: Nov 26, 2021

Hollow Logo Score: -5.079

CECO Environmental Corp. Stock Forecast

$6.17 (-4.64%)

Volume: 63k

Closed: Nov 26, 2021

Score Hollow Logo -5.079
Which way will CECE go? Request
Key Stats
Beta 1.19
* 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 CECO Environmental Corp. stock currently holds an RSI14 at 20 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.

CECO Environmental Corp. stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-12 Loss -7.91%

The CECO Environmental Corp. stock price fell by -4.64% on the last day (Friday, 26th Nov 2021) from $6.47 to $6.17. and has now fallen 4 days in a row. During the day the stock fluctuated 3.93% from a day low at $6.10 to a day high of $6.34. The price has fallen in 6 of the last 10 days and is down by -12.98% for this period. 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 -485 shares and in total, 63 thousand shares were bought and sold for approximately $390.51 thousand.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($6.22) are considered to be a "second chance" to get out. According to the fan-theory $5.07 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The CECO Environmental Corp. 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 $6.50 and $6.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -17.84%. 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.24 between high and low, or 3.93%. For the last week the stock has had a daily average volatility of 3.92%.

CECO Environmental Corp. is oversold on RSI14 (20). 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 CECO Environmental Corp. stock A Buy?

CECO Environmental Corp. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.079

Predicted Opening Price for CECO Environmental Corp. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$6.20 $6.17 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Nov 09, 2021 "Needham & Company LLC" gave "$10.00 - $9.00" rating for CECE. The price target was changed from $6.96 to 7.3%.

Volatility and Risk
Daily Average Volatility: 3.92 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.92 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.73
Price: $6.17
No Support Found

CECE Insider Trading Show all Trades

INSIDER POWER

36.440

Last 100 transactions
Buy: 3 726 778 | Sell: 102 272 (Shares)
Date Action Amount Person Type
Nov 10, 2021 Buy 5 000 Gohr Paul M Common Stock
Nov 10, 2021 Buy 7 143 Henry Chasity Common Stock
Nov 10, 2021 Buy 571 Henry Chasity Common Stock
Nov 04, 2021 Buy 5 881 Wallman Richard F Common Stock
Aug 05, 2021 Buy 7 630 Pollack Jonathan Common Stock
Show all Insider Trades
INSIDER POWER

36.440

Last 100 transactions
Buy: 3 726 778 | Sell: 102 272 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 6.44 4.43 %
6.35 2.94 %
6.30 2.03 %
Current price: 6.17
Support 6.11 -0.95 %
6.06 -1.86 %
5.96 -3.35 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 7.39 19.77 %
6.97 12.97 %
6.73 9.08 %
Current price 6.17
Support 0 .
0 .
0 .

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About CECO Environmental Corp.

CECO Environmental CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration segments worldwide. The company operates through three segments: Environmental, Energy, and Fluid Handling and Filtration. The Environmental segment designs and manufactures cyclone systems; scrubbers; regenerative thermal and catalytic oxidizers; dust collectors and baghouses; standard and engineered industrial ducting; fabric fil... Read more

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