Com Holding Companies Stock Forecast
Com Holding Companies stock price up 0.554% on Wednesday
(Updated on May 01, 2024)
The Com Holding Companies stock price gained 0.554% on the last trading day (Wednesday, 1st May 2024), rising from $7.35 to $7.39. During the last trading day the stock fluctuated 4.97% from a day low at $7.04 to a day high of $7.39. The price has risen in 7 of the last 10 days and is up by 9.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $184.44 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 44.36% during the next 3 months and, with a 90% probability hold a price between $8.38 and $11.88 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CHCI Signals & Forecast
The Com Holding Companies 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 $6.94 and $5.81. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Com Holding Companies has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -6.93%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Com Holding Companies stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.44 and $6.29. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Com Holding Companies finds support just below today's level at $6.44. If this is broken, then the next support from accumulated volume will be at $6.29 and $6.28.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.350 between high and low, or 4.97%. For the last week, the stock has had daily average volatility of 7.27%.
Our recommended stop-loss: $6.98 (-5.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (CHCI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Comstock Holding Companies to open at $7.27, and during the day (based on 14 day Average True Range), to move between $6.92 and $7.86, which gives a possible trading interval of +/-$0.469 (+/-6.35%) up or down from last closing price. If Comstock Holding Companies takes out the full calculated possible swing range there will be an estimated 12.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.54 (2.03%) than the support at $6.44 (12.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Comstock Holding Companies stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Com Holding Companies stock to perform well in the short-term.
Current score: 1.702 Buy Candidate Unchanged
Predicted Opening Price for Comstock Holding Companies of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $7.27 ( 1.58%) | $7.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.62 | 3.16 % | |
| R2 | 7.49 | 1.35 % | ||
| R1 | 7.41 | 0.230 % | ||
| Current price: | 7.39 | |||
| Support | S1 | 7.14 | -3.39 % | |
| S2 | 7.06 | -4.51 % | ||
| S3 | 6.92 | -6.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 7.94 | 7.44 % | ||
| R1 | 7.54 | 2.03 % | ||
| Current price | 7.39 | |||
| Support | S1 | 6.44 | -12.86% | |
| S2 | 6.29 | -14.88% | ||
| S3 | 6.28 | -15.02% |
FAQ
Click here for our free guide on how to buy Comstock Holding Companies Stock.
