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Central Garden & Pet Company Stock Forecast NASDAQ:CENTA

$45.03 (1.40%)

Volume: 224k

Closed: Dec 03, 2021

Hollow Logo Score: -1.997

Central Garden & Pet Company Stock Forecast

$45.03 (1.40%)

Volume: 224k

Closed: Dec 03, 2021

Score Hollow Logo -1.997
Which way will CENTA go? Request
Key Stats
Beta 0.96
* 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 28 and the stock is currently not being overbought or oversold

Central Garden & Pet Company stock downgraded to Sell Candidate
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The Central Garden & Pet Company stock price gained 1.40% on the last trading day (Friday, 3rd Dec 2021), rising from $44.41 to $45.03. , 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 3.84% from a day low at $44.03 to a day high of $45.72. The price has fallen in 7 of the last 10 days and is down by -6.89% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 224 thousand shares were bought and sold for approximately $10.10 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $43.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.37% during the next 3 months and, with a 90% probability hold a price between $51.04 and $63.22 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 5.09%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Central Garden & Pet Company stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $47.04. On a fall, the stock will find some support from the short-term average at $44.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Central Garden & Pet Company finds support from accumulated volume at $44.41 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 $1.69 between high and low, or 3.84%. For the last week, the stock has had a daily average volatility of 4.37%.

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?

Central Garden & Pet Company holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.

Current score: -1.997

Predicted Opening Price for Central Garden & Pet Company 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
$44.93 $45.03 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

Truist Securities is very positive about CENTA and gave it a "Buy" rating on May 17, 2021. The price target was set to $65.00.

Volatility and Risk
Daily Average Volatility: 4.37 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.37 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $46.20
Price: $45.03
Support: $44.41

CENTA 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 46.62 3.52 %
45.97 2.09 %
45.57 1.20 %
Current price: 45.03
Support 44.28 -1.66 %
43.88 -2.55 %
43.24 -3.98 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 48.36 7.40 %
46.59 3.46 %
46.20 2.60 %
Current price 45.03
Support 44.41 -1.38%
44.08 -2.11%
41.70 -7.40%

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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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