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Central Garden & Pet Company Stock Forecast NASDAQ:CENT

$49.55 (-2.86%)

Volume: 52k

Closed: Nov 29, 2021

Hollow Logo Score: -2.943

Central Garden & Pet Company Stock Forecast

$49.55 (-2.86%)

Volume: 52k

Closed: Nov 29, 2021

Score Hollow Logo -2.943
Which way will CENT go? Request
Key Stats
P/E Ratio 8.03
Beta 0.91
* 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 Central Garden & Pet Company stock currently holds an RSI14 at 22 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.

Central Garden & Pet Company stock price ended on $49.55 on Monday after losing 2.86%
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-23 Loss -3.99%

The Central Garden & Pet Company stock price fell by -2.86% on the last day (Monday, 29th Nov 2021) from $51.01 to $49.55. and has now fallen 5 days in a row. During the day the stock fluctuated 5.07% from a day low at $49.31 to a day high of $51.81. The price has fallen in 7 of the last 10 days and is down by -11.69% 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 -23 thousand shares and in total, 52 thousand shares were bought and sold for approximately $2.56 million.

Given the current short-term trend, the stock is expected to rise 23.32% during the next 3 months and, with a 90% probability hold a price between $61.11 and $72.68 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Central Garden & Pet Company 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 $52.29 and $52.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -13.05%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Central Garden & Pet Company finds support from accumulated volume at $47.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.50 between high and low, or 5.07%. For the last week, the stock has had a daily average volatility of 4.84%.

Central Garden & Pet Company 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 an negative evaluation for this stock. No stop-loss is set.

Is Central Garden & Pet Company stock A Buy?

The Central Garden & Pet Company stock holds several negative signals and despite the positive trend, we believe Central Garden & Pet Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.943

Predicted Opening Price for Central Garden & Pet Company of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$50.22 $49.55 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

Argus is very positive about CENT and gave it a "Hold - Buy" rating on May 20, 2021. The price target was set to $68.00.

Volatility and Risk
Daily Average Volatility: 4.84 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.84 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $49.63
Price: $49.55
Support: $47.99

CENT Insider Trading Show all Trades

INSIDER POWER

1.474

Last 100 transactions
Buy: 386 901 | Sell: 262 441 (Shares)
Date Action Amount Person Type
Nov 01, 2021 Sell 559 Machek Howard Class A Common Stock
Sep 27, 2021 Buy 1 710 Coleman Lisa Stock Option (Right to Buy)
Sep 27, 2021 Buy 599 Coleman Lisa Class A Common Stock
Aug 27, 2021 Sell 4 500 Walker John D. Iii Class A Common Stock
Aug 19, 2021 Buy 2 375 Myers Daniel P. Class A Common Stock
Show all Insider Trades
INSIDER POWER

1.474

Last 100 transactions
Buy: 386 901 | Sell: 262 441 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 52.72 6.40 %
51.77 4.48 %
51.18 3.29 %
Current price: 49.55
Support 49.27 -0.57 %
48.68 -1.76 %
47.72 -3.69 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 51.61 4.16 %
51.01 2.95 %
49.63 0.16 %
Current price 49.55
Support 47.99 -3.15%
46.86 -5.43%
46.67 -5.81%

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About Central Garden & Pet Company

Central Garden & Pet Company Central Garden & Pet Company, together with its subsidiaries, produces and markets products for the pet, and lawn and garden supplies industries in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitat... Read more

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