Climb Global Solutions, Inc. Stock Forecast
Green day on Friday for Climb Global Solutions, Inc.
(Updated on May 17, 2024)
The Climb Global Solutions, Inc. stock price gained 0.288% on the last trading day (Friday, 17th May 2024), rising from $55.65 to $55.81. During the last trading day the stock fluctuated 1.15% from a day low at $55.58 to a day high of $56.22. The price has fallen in 8 of the last 10 days and is down by -5.15% for this period. Volume fell on the last day by -420 shares and in total, 14 thousand shares were bought and sold for approximately $758.79 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.81% during the next 3 months and, with a 90% probability hold a price between $45.69 and $52.88 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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CLMB Signals & Forecast
There are mixed signals in the stock today. The Climb Global Solutions, 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 $63.70. On a fall, the stock will find some support from the short-term average at $55.29. 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 Tuesday, May 14, 2024, and so far it has risen 2.97%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Climb Global Solutions, Inc. stock
Climb Global Solutions, Inc. finds support from accumulated volume at $55.24 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 $0.640 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 1.93%.
Climb Global Solutions, Inc. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 20th
For the upcoming trading day on Monday, 20th we expect Climb Global Solutions, Inc. to open at $55.87, and during the day (based on 14 day Average True Range), to move between $53.72 and $57.90, which gives a possible trading interval of +/-$2.09 (+/-3.74%) 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 7.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $56.25 (0.79%) than the support at $55.24 (1.02%), 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 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: -3.272 Sell Candidate Unchanged
Predicted Opening Price for Climb Global Solutions, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $55.87 ( 0.108%) | $55.81 |
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 | 56.51 | 1.25 % | |
| R2 | 56.27 | 0.82 % | ||
| R1 | 56.11 | 0.546 % | ||
| Current price: | 55.81 | |||
| Support | S1 | 55.63 | -0.331 % | |
| S2 | 55.47 | -0.601 % | ||
| S3 | 55.23 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.91 | 19.89 % | |
| R2 | 59.09 | 5.88 % | ||
| R1 | 56.25 | 0.788 % | ||
| Current price | 55.81 | |||
| Support | S1 | 55.24 | -1.02% | |
| S2 | 55.23 | -1.04% | ||
| S3 | 54.20 | -2.88% |
CLMB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 10, 2024 | May 17, 2024 | $0.170 | 0.305% |
| 2 | Feb 27, 2024 | Mar 08, 2024 | Mar 15, 2024 | $0.170 | 0.252% |
| 3 | Nov 01, 2023 | Nov 10, 2023 | Nov 17, 2023 | $0.170 | 0.347% |
| 4 | Aug 01, 2023 | Aug 11, 2023 | Aug 18, 2023 | $0.170 | 0.399% |
| 5 | May 02, 2023 | May 12, 2023 | May 19, 2023 | $0.170 | 0.348% |
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