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Key Stats
Beta 0.86
* 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 14 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Cemtrex Inc. stock price ended on $1.28 on Friday after losing 2.29% (Updated on July 30, 2021)


Sell candidate since 2021-07-14 Loss -8.57%

The Cemtrex Inc. stock price fell by -2.29% on the last day (Friday, 30th Jul 2021) from $1.31 to $1.28. During the day the stock fluctuated 5.56% from a day low at $1.26 to a day high of $1.33. The price has fallen in 6 of the last 10 days and is down by -8.57% 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 -150 thousand shares and in total, 341 thousand shares were bought and sold for approximately $437.03 thousand.

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 $1.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.78% during the next 3 months and, with a 90% probability hold a price between $1.16 and $1.89 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 26, 2021, and so far it has risen 1.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cemtrex 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 $1.29 and $1.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 months 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

Cemtrex Inc. finds support from accumulated volume at $1.27 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 $0.0700 between high and low, or 5.56%. For the last week the stock has had a daily average volatility of 4.11%.

Cemtrex Inc. is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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 is within a very 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.

Current score: -1.560

Predicted Opening Price for Cemtrex Inc. of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$1.29 $1.28 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

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

Volatility
4.11 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.39
Price: $1.28
Support: $1.27

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.36 6.25 %
1.33 4.16 %
1.32 2.87 %
Current price: 1.28
Support 1.26 -1.31 %
1.25 -2.60 %
1.22 -4.69 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.49 16.41 %
1.40 9.37 %
1.39 8.59 %
Current price 1.28
Support 1.27 -0.78%
1.26 -1.56%
1.24 -3.13%

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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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