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 CLMT
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Weaker technical forecast for Calumet Specialty Products Partners as stock downgraded to Sell Candidate.
(Updated on Jul 12, 2024)

Sell candidate since Jul 12, 2024 PDF

The Calumet Specialty Products Partners stock price fell by -3.95% on the last day (Friday, 12th Jul 2024) from $16.97 to $16.30. During the last trading day the stock fluctuated 7.16% from a day low at $15.92 to a day high of $17.06. The price has fallen in 5 of the last 10 days but is still up by 0.62% over the past 2 weeks. Volume has increased on the last day by 38 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 340 thousand shares were bought and sold for approximately $5.55 million.

The stock lies in the middle of a weak 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 6.15% during the next 3 months and, with a 90% probability hold a price between $16.86 and $18.42 at the end of this 3-month period.

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CLMT Signals & Forecast

The Calumet Specialty Products Partners stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $16.40. On a fall, the stock will find some support from the long-term average at approximately $16.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, July 10, 2024, and so far it has fallen -5.89%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Calumet Specialty Products Partners stock

Calumet Specialty Products Partners finds support from accumulated volume at $16.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.14 (7.16%) between high and low. For the last week, the stock has had daily average volatility of 4.87%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CLMT) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Calumet Specialty Products Partners to open at $16.43, and during the day (based on 14 day Average True Range), to move between $15.77 and $16.83, which gives a possible trading interval of +/-$0.527 (+/-3.23%) up or down from last closing price. If Calumet Specialty Products Partners takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.35 (0.31%) than the support at $16.20 (0.61%), 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 Calumet Specialty Products Partners stock A Buy?

Calumet Specialty Products Partners 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.134 Sell Candidate Downgraded

Predicted Opening Price for Calumet Specialty Products Partners of Monday, July 15, 2024

Fair opening price July 15, 2024 Current price
$16.43 ( 0.777%) $16.30

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

Trading levels for CLMT

Fibonacci Support & Resistance Levels

Level Price
R3 17.57 7.77%
R2 17.13 5.10%
R1 16.86 3.45%
Price 16.30
S1 15.99 -1.89%
S2 15.72 -3.55%
S3 15.29 -6.22%

Accumulated Volume Support & Resistance Levels

Level Price
R3 17.32 6.26%
R2 16.97 4.11%
R1 16.35 0.307%
Price 16.30
S1 16.20 -0.613%
S2 16.14 -0.98%
S3 14.98 -8.10%

CLMT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 19, 2016 Jan 29, 2016 Feb 12, 2016 $0.685 5.33%
2 Oct 23, 2015 Oct 30, 2015 Nov 13, 2015 $0.685 2.67%
3 Jul 21, 2015 Jul 31, 2015 Aug 14, 2015 $0.685 2.60%
4 Apr 20, 2015 May 01, 2015 May 15, 2015 $0.685 2.51%
5 Jan 23, 2015 Jan 30, 2015 Feb 13, 2015 $0.685 2.70%

FAQ

What is the symbol for Calumet Specialty Products Partners Stock and on which exchange is it traded?
The symbol for Calumet Specialty Products Partners is CLMT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Calumet Specialty Products Partners Stock?
Calumet Specialty Products Partners 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

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

What's the current price of Calumet Specialty Products Partners Stock?
As of the end of day on the Jul 12, 2024, the price of an Calumet Specialty Products Partners (CLMT) share was $16.30.

What is the 52-week high and low for Calumet Specialty Products Partners Stock?
The 52-week high for Calumet Specialty Products Partners Stock is $19.88 and the 52-week low is $11.91.

What is the market capitalization of Calumet Specialty Products Partners Stock?
As of the Jul 12, 2024, the market capitalization of Calumet Specialty Products Partners is 1.31B.

When is the next earnings date for Calumet Specialty Products Partners?
The upcoming earnings date for Calumet Specialty Products Partners is Aug 02, 2024.
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About Calumet Specialty Products Partners

Calumet Specialty Products Partners Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The company's Montana/Renewables segment focuses on processing renewable feedstoc... CLMT Profile

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