Climb Global Solutions, Inc. Stock Forecast
Red day on Friday for Climb Global Solutions, Inc. stock after losing 0.423%
(Updated on May 03, 2024)
The Climb Global Solutions, Inc. stock price fell by -0.423% on the last day (Friday, 3rd May 2024) from $59.09 to $58.84. During the last trading day the stock fluctuated 3.61% from a day low at $57.10 to a day high of $59.16. The price has been going up and down for this period, and there has been a -10.36% loss for the last 2 weeks. 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 -42 thousand shares and in total, 10 thousand shares were bought and sold for approximately $583.46 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 $56.42 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.39% during the next 3 months and, with a 90% probability hold a price between $55.07 and $68.99 at the end of this 3-month period.
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CLMB Signals & Forecast
There are few to no technical positive signals at the moment. The Climb Global Solutions, 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 $64.22 and $67.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -18.62%. 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 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 for Climb Global Solutions, Inc. stock
Climb Global Solutions, Inc. finds support from accumulated volume at $58.11 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $2.06 between high and low, or 3.61%. For the last week the stock has had daily average volatility of 5.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLMB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Climb Global Solutions, Inc. to open at $58.37, and during the day (based on 14 day Average True Range), to move between $55.95 and $61.73, which gives a possible trading interval of +/-$2.89 (+/-4.91%) up or down from last closing price. If Climb Global Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 9.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $59.09 (0.42%) than the support at $58.11 (1.24%), 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 Climb Global Solutions, Inc. stock A Buy?
Climb Global Solutions, 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: -3.031 Sell Candidate Unchanged
Predicted Opening Price for Climb Global Solutions, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $58.37 ( 0.80%) | $58.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.43 | 2.70 % | |
| R2 | 59.64 | 1.36 % | ||
| R1 | 59.15 | 0.533 % | ||
| Current price: | 58.84 | |||
| Support | S1 | 57.58 | -2.14 % | |
| S2 | 57.09 | -2.97 % | ||
| S3 | 56.31 | -4.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.30 | 22.88 % | |
| R2 | 66.91 | 13.72 % | ||
| R1 | 59.09 | 0.425 % | ||
| Current price | 58.84 | |||
| Support | S1 | 58.11 | -1.24% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CLMB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 08, 2024 | Mar 15, 2024 | $0.170 | 0.252% |
| 2 | Nov 01, 2023 | Nov 10, 2023 | Nov 17, 2023 | $0.170 | 0.347% |
| 3 | Aug 01, 2023 | Aug 11, 2023 | Aug 18, 2023 | $0.170 | 0.399% |
| 4 | May 02, 2023 | May 12, 2023 | May 19, 2023 | $0.170 | 0.348% |
| 5 | Feb 28, 2023 | Mar 10, 2023 | Mar 17, 2023 | $0.170 | 0.355% |
FAQ
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