Calumet Specialty Products Partners Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Calumet Specialty Products Partners stock price up 0.578% on Thursday
(Updated on Apr 25, 2024)
The Calumet Specialty Products Partners stock price gained 0.578% on the last trading day (Thursday, 25th Apr 2024), rising from $15.58 to $15.67. During the last trading day the stock fluctuated 2.32% from a day low at $15.33 to a day high of $15.69. The price has been going up and down for this period, and there has been a 1.56% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 106 thousand shares were bought and sold for approximately $1.67 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $16.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.45% during the next 3 months and, with a 90% probability hold a price between $12.06 and $14.79 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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CLMT Signals & Forecast
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 $15.44 and $14.94. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, April 23, 2024, and so far it has fallen -3.27%. 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).
Support, Risk & Stop-loss for Calumet Specialty Products Partners stock
Calumet Specialty Products Partners finds support from accumulated volume at $15.54 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.355 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 3.65%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect Calumet Specialty Products Partners to open at $15.56, and during the day (based on 14 day Average True Range), to move between $15.15 and $16.19, which gives a possible trading interval of +/-$0.522 (+/-3.33%) 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 6.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.54 (0.83%) than the resistance at $16.20 (3.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Calumet Specialty Products Partners will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.430. We will update the financials statements for Calumet Specialty Products Partners, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.76% in the first trading day after earnings release.
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.
Current score: -1.580 Sell Candidate Unchanged
Predicted Opening Price for Calumet Specialty Products Partners of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $15.56 ( 0.671%) | $15.67 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 15.92 | 1.60 % | |
| R2 | 15.78 | 0.731 % | ||
| R1 | 15.70 | 0.195 % | ||
| Current price: | 15.67 | |||
| Support | S1 | 15.43 | -1.54 % | |
| S2 | 15.35 | -2.07 % | ||
| S3 | 15.21 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.12 | 9.25 % | |
| R2 | 16.60 | 5.93 % | ||
| R1 | 16.20 | 3.38 % | ||
| Current price | 15.67 | |||
| Support | S1 | 15.54 | -0.83% | |
| S2 | 14.98 | -4.40% | ||
| S3 | 13.80 | -11.93% |
CLMT Dividend Payout History
| # | 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
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