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 CMBM
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Weaker technical forecast for Cambium Networks Corporation as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Cambium Networks Corporation stock price fell by -2.27% on the last day (Thursday, 28th Mar 2024) from $4.41 to $4.31. During the last trading day the stock fluctuated 3.60% from a day low at $4.30 to a day high of $4.46. The price has been going up and down for this period, and there has been a 1.65% gain for the last 2 weeks. Volume has increased on the last day by 10 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, 104 thousand shares were bought and sold for approximately $448.46 thousand.

The stock lies in the middle of a very 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 -15.56% during the next 3 months and, with a 90% probability hold a price between $3.08 and $4.30 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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CMBM Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 6.42%. Further rise is indicated until a new top pivot has been found. 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. The Cambium Networks Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $4.43 and $4.34. A break-up above any of these levels will issue buy signals. Cambium Networks Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Cambium Networks Corporation stock

Cambium Networks Corporation finds support from accumulated volume at $4.25 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 $0.155 between high and low, or 3.60%. For the last week, the stock has had daily average volatility of 3.91%.

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

Trading Expectations (CMBM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cambium Networks Corporation to open at $4.36, and during the day (based on 14 day Average True Range), to move between $4.09 and $4.53, which gives a possible trading interval of +/-$0.220 (+/-5.11%) up or down from last closing price. If Cambium Networks Corporation takes out the full calculated possible swing range there will be an estimated 10.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.35 (0.93%) than the support at $4.25 (1.39%), 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 Cambium Networks Corporation stock A Buy?

Cambium Networks Corporation 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. 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: -3.886 Sell Candidate Downgraded

Predicted Opening Price for Cambium Networks Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$4.36 ( 1.04%) $4.31

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

Trading levels for CMBM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.51 4.64 %
R2 4.45 3.27 %
R1 4.41 2.42 %
Current price: 4.31
Support S1 4.30 -0.330 %
S2 4.26 -1.18 %
S3 4.20 -2.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.41 2.32 %
R2 4.40 2.09 %
R1 4.35 0.93 %
Current price 4.31
Support S1 4.25 -1.39%
S2 4.24 -1.62%
S3 4.22 -2.09%

FAQ

What is the symbol for Cambium Networks Corporation Stock and on which exchange is it traded?
The symbol for Cambium Networks Corporation is CMBM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cambium Networks Corporation Stock?
Cambium Networks Corporation 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. 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 Cambium Networks Corporation Stock?
Cambium Networks Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cambium Networks Corporation Stock.

What's the current price of Cambium Networks Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Cambium Networks Corporation (CMBM) share was $4.31.

What is the 52-week high and low for Cambium Networks Corporation Stock?
The 52-week high for Cambium Networks Corporation Stock is $18.08 and the 52-week low is $3.53.

What is the market capitalization of Cambium Networks Corporation Stock?
As of the 2024-03-28, the market capitalization of Cambium Networks Corporation is 119.237M.

When is the next earnings date for Cambium Networks Corporation?
The upcoming earnings date for Cambium Networks Corporation is May 13, 2024.
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About Cambium Networks Corporation

Cambium Networks Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for commercial and government network operators. Its wireless fabric includes intelligent radios, smart antennas, radio frequency (RF) algorithms, wireless-aware switches, and cloud-based network management software. The company offers point-to-point backhaul, point-to-multipoint distribution, Wi-Fi access, cnMatrix... CMBM Profile

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