14-day Premium Trial Subscription Sign Up For FreeGet Free

Calumet Specialty Products Partners Stock Forecast NASDAQ:CLMT

$15.47 (2.04%)

Volume: 187k

Closed: Dec 07, 2021

Hollow Logo Score: 4.230

Calumet Specialty Products Partners Stock Forecast

$15.47 (2.04%)

Volume: 187k

Closed: Dec 07, 2021

Score Hollow Logo 4.230
Which way will CLMT go? Request
Stop-loss: $14.67 (-5.16%)
Key Stats
Beta 0.74
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 60 and the stock is currently not being overbought or oversold

Calumet Specialty Products Partners stock price ended on $15.47 on Tuesday after gaining 2.04%
(Updated on Dec 07, 2021)


Buy or Hold candidate since 2021-09-14 Gain 114.56%

The Calumet Specialty Products Partners stock price gained 2.04% on the last trading day (Tuesday, 7th Dec 2021), rising from $15.16 to $15.47. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 5.14% from a day low at $15.18 to a day high of $15.96. The price has risen in 6 of the last 10 days and is up by 1.78% over the past 2 weeks. Volume fell on the last day by -36 thousand shares and in total, 187 thousand shares were bought and sold for approximately $2.89 million. 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 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 114.11% during the next 3 months and, with a 90% probability hold a price between $29.44 and $37.38 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, November 29, 2021, and so far it has fallen -6.64%. 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). The Calumet Specialty Products Partners 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 $15.23 and $13.09. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

Calumet Specialty Products Partners finds support from accumulated volume at $15.20 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.78 between high and low, or 5.14%. For the last week, the stock has had a daily average volatility of 8.30%.

Our recommended stop-loss: $14.67 (-5.16%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Is Calumet Specialty Products Partners 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 Calumet Specialty Products Partners stock to perform well in the short-term.

Current score: 4.230

Predicted Opening Price for Calumet Specialty Products Partners of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$15.54 $15.47 (Undervalued)
Buy Candidate Unchanged

Remember To Visit Our YouTube Channel

Analyst Ratings

On Nov 23, 2021 "Cowen" gave "$12.00 - $23.00" rating for CLMT. The price target was set to $16.05+5.6%.

Volatility and Risk
Daily Average Volatility: 8.30 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.30 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $16.10
Price: $15.47
Support: $15.20

CLMT Insider Trading Show all Trades

INSIDER POWER

5.085

Last 100 transactions
Buy: 644 682 | Sell: 126 783 (Shares)
Date Action Amount Person Type
Nov 03, 2021 Buy 8 921 Straumins Jennifer Phantom Units
Nov 03, 2021 Buy 8 921 Schumacher Amy M Phantom Units
Nov 03, 2021 Buy 587 Schumacher Amy M Phantom Units
Nov 03, 2021 Buy 1 762 Schumacher Amy M Phantom Units
Nov 03, 2021 Buy 8 921 Funk Robert E Phantom Units
Show all Insider Trades
INSIDER POWER

5.085

Last 100 transactions
Buy: 644 682 | Sell: 126 783 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 16.32 5.47 %
16.02 3.55 %
15.83 2.36 %
Current price: 15.47
Support 15.24 -1.50 %
15.05 -2.69 %
14.76 -4.61 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
16.57 7.11 %
16.10 4.07 %
Current price 15.47
Support 15.20 -1.75%
15.19 -1.81%
14.27 -7.76%

Click to get the best stock tips daily for free!

About Calumet Specialty Products Partners

Calumet Specialty Products Partners Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America. It operates in three segments: Specialty Products, Fuel Products, and Oilfield Services. The Specialty Products segment offers various lubricating oils, white mineral oils, petrolatums, solvents, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consum... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT