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Today CETX ranks #16231 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$0.98 (1.92%)

Volume: 172k

Closed: Dec 07, 2021

Hollow Logo Score: -4.743

Cemtrex Inc. Stock Forecast

$0.98 (1.92%)

Volume: 172k

Closed: Dec 07, 2021

Score Hollow Logo -4.743
Which way will CETX go? Request
Earnings Date: Jan 03, 2022
Key Stats
Beta 1.79
* 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 27 and the stock is currently not being overbought or oversold

Green day on Tuesday for Cemtrex Inc. stock after gaining 1.92%
(Updated on Dec 07, 2021)


Sell candidate since 2021-12-07

The Cemtrex Inc. stock price gained 1.92% on the last trading day (Tuesday, 7th Dec 2021), rising from $0.97 to $0.98. , 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 4.17% from a day low at $0.96 to a day high of $1.00. The price has fallen in 7 of the last 10 days and is down by -10.59% for this period. Volume fell on the last day by -1 million shares and in total, 172 thousand shares were bought and sold for approximately $169.53 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.87 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.24% during the next 3 months and, with a 90% probability hold a price between $0.84 and $1.41 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Cemtrex Inc. 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 $1.18. On a fall, the stock will find some support from the short-term average at $0.97. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 11.72%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Cemtrex Inc. finds support from accumulated volume at $0.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0400 between high and low, or 4.17%. For the last week the stock has had a daily average volatility of 8.21%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Cemtrex Inc. stock A Buy?

Cemtrex Inc. 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.

Current score: -4.743

Predicted Opening Price for Cemtrex Inc. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$0.98 $0.98 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

Alliance Global Partners is very positive about CETX and gave it a "Buy" rating on Mar 09, 2021. The price target was changed from $3.50 to $2.75.

Volatility and Risk
Daily Average Volatility: 8.21 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.21 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.12
Price: $0.98
Support: $0.98

CETX Insider Trading Show all Trades

INSIDER POWER

31.318

Last 35 transactions
Buy: 715 093 | Sell: 22 833 (Shares)
Date Action Amount Person Type
Aug 30, 2018 Buy 2 000 Govil Saagar Series 1 Preferred Stock
Aug 22, 2018 Buy 12 000 Govil Saagar Common Stock
Dec 18, 2017 Buy 200 000 Govil Saagar Common Stock Options
Aug 17, 2017 Buy 3 800 Govil Saagar Common Stock
May 17, 2017 Sell 2 500 Rama Renato Dela Common Stock
Show all Insider Trades
INSIDER POWER

31.318

Last 35 transactions
Buy: 715 093 | Sell: 22 833 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.02 3.83 %
1.01 2.28 %
1.00 1.32 %
Current price: 0.98
Support 0.97 -1.79 %
0.96 -2.75 %
0.94 -4.30 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.18 19.98 %
1.17 18.96 %
1.12 13.88 %
Current price 0.98
Support 0.98 -0.58%
0.97 -1.88%
0.90 -8.72%

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About Cemtrex Inc.

Cemtrex Cemtrex, Inc. provides electronic manufacturing services of custom engineered advanced electronics system assemblies, emission monitors and instruments for industrial processes, and environmental control and air filtration systems for industries and utilities. It designs, develops, and manufactures various interconnects and cable assemblies; and provides engineering services, including new product introductions and prototyping, related testing eq... Read more

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