RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CETX
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Green day on Wednesday for Cemtrex Inc. stock after gaining 4.41%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 20.68% PDF

The Cemtrex Inc. stock price gained 4.41% on the last trading day (Wednesday, 27th Mar 2024), rising from $4.08 to $4.26. During the last trading day the stock fluctuated 7.09% from a day low at $4.09 to a day high of $4.38. The price has fallen in 7 of the last 10 days but is still up by 15.45% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 7 thousand shares were bought and sold for approximately $30.68 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.52 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.88% during the next 3 months and, with a 90% probability hold a price between $2.34 and $3.89 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CETX Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -9.36%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Cemtrex Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.15 and $3.65. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Cemtrex Inc. stock

Cemtrex Inc. finds support from accumulated volume at $4.20 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.290 between high and low, or 7.09%. For the last week the stock has had daily average volatility of 7.53%.

Our recommended stop-loss: $4.07 (-4.42%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (CETX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Cemtrex Inc. to open at $4.24, and during the day (based on 14 day Average True Range), to move between $3.84 and $4.68, which gives a possible trading interval of +/-$0.425 (+/-9.97%) up or down from last closing price. If Cemtrex Inc. takes out the full calculated possible swing range there will be an estimated 19.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.20 (1.41%) than the resistance at $4.40 (3.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Cemtrex Inc. stock A Buy?

Cemtrex Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.247 Hold/Accumulate Unchanged

Predicted Opening Price for Cemtrex Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$4.24 ( 0.391%) $4.26

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

Trading levels for CETX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.53 6.41 %
R2 4.42 3.81 %
R1 4.35 2.21 %
Current price: 4.26
Support S1 4.13 -2.99 %
S2 4.06 -4.60 %
S3 3.95 -7.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.70 10.33 %
R2 4.49 5.40 %
R1 4.40 3.29 %
Current price 4.26
Support S1 4.20 -1.41%
S2 4.10 -3.76%
S3 3.74 -12.21%

CETX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2017 Mar 29, 2017 Jun 13, 2019 $5.60 7.14%

FAQ

What is the symbol for Cemtrex Inc. Stock and on which exchange is it traded?
The symbol for Cemtrex Inc. is CETX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cemtrex Inc. Stock?
Cemtrex Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Cemtrex Inc. Stock?
Cemtrex Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cemtrex Inc. Stock.

What's the current price of Cemtrex Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Cemtrex Inc. (CETX) share was $4.26.

What is the 52-week high and low for Cemtrex Inc. Stock?
The 52-week high for Cemtrex Inc. Stock is $11.45 and the 52-week low is $2.91.

What is the market capitalization of Cemtrex Inc. Stock?
As of the 2024-03-27, the market capitalization of Cemtrex Inc. is 4.497M.

When is the next earnings date for Cemtrex Inc.?
The upcoming earnings date for Cemtrex Inc. is May 09, 2024.
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About Cemtrex Inc.

Cemtrex. Cemtrex, Inc. operates as a technology company in the United States and internationally. The company operates through Advanced Technologies and Industrial Services segments. The Advanced Technologies segment provides Internet of Things products and smart devices under the SmartDesk name for mobile, web, virtual and augmented reality, wearables, and television markets; and security and video surveillance solutions, and virtual and augmented realit... CETX Profile

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