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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 CMCO
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Columbus McKinnon Corporation stock upgraded to Sell Candidate.
(Updated on Jun 20, 2024)

Sell candidate since May 29, 2024 Loss -13.36% PDF

The Columbus McKinnon Corporation stock price gained 1.27% on the last trading day (Thursday, 20th Jun 2024), rising from $34.78 to $35.22. During the last trading day the stock fluctuated 2.48% from a day low at $34.56 to a day high of $35.42. The price has fallen in 6 of the last 10 days and is down by -5.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 70 thousand more shares were traded than the day before. In total, 228 thousand shares were bought and sold for approximately $8.03 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $34.69 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.50% during the next 3 months and, with a 90% probability hold a price between $30.70 and $38.81 at the end of this 3-month period.

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CMCO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.27%. Further rise is indicated until a new top pivot has been found. 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. The Columbus McKinnon Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $35.61 and $40.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Columbus McKinnon Corporation stock

Columbus McKinnon Corporation finds support from accumulated volume at $35.16 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 $0.86 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 2.43%.

Columbus McKinnon Corporation is oversold on RSI14 (16). 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 (CMCO) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Columbus McKinnon Corporation to open at $35.07, and during the day (based on 14 day Average True Range), to move between $34.15 and $36.29, which gives a possible trading interval of +/-$1.07 (+/-3.04%) up or down from last closing price. If Columbus McKinnon Corporation takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.16 (0.17%) than the resistance at $37.21 (5.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Columbus McKinnon Corporation stock A Buy?

Columbus McKinnon 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.128 Sell Candidate Upgraded

Predicted Opening Price for Columbus McKinnon Corporation of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$35.07 ( 0.432%) $35.22

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

Trading levels for CMCO

Fibonacci Support & Resistance Levels

Level Price
R3 35.92 2.00%
R2 35.60 1.07%
R1 35.40 0.497%
Price 35.22
S1 34.74 -1.36%
S2 34.54 -1.93%
S3 34.21 -2.86%

Accumulated Volume Support & Resistance Levels

Level Price
R3 40.65 15.42%
R2 39.10 11.02%
R1 37.21 5.65%
Price 35.22
S1 35.16 -0.170%
S2 34.78 -1.25%
S3 0 -

CMCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 May 02, 2024 May 13, 2024 $0.0700 0.158%
2 Feb 08, 2024 Feb 08, 2024 Feb 20, 2024 $0.0700 0.170%
3 Oct 23, 2023 Nov 09, 2023 Nov 20, 2023 $0.0700 0.198%
4 Jul 23, 2023 Aug 10, 2023 Aug 21, 2023 $0.0700 0.188%
5 Mar 20, 2023 May 04, 2023 May 15, 2023 $0.0700 0.202%

FAQ

What is the symbol for Columbus McKinnon Corporation Stock and on which exchange is it traded?
The symbol for Columbus McKinnon Corporation is CMCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Columbus McKinnon Corporation Stock?
Columbus McKinnon 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Columbus McKinnon Corporation Stock?
Columbus McKinnon 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 Columbus McKinnon Corporation Stock.

What's the current price of Columbus McKinnon Corporation Stock?
As of the end of day on the Jun 20, 2024, the price of an Columbus McKinnon Corporation (CMCO) share was $35.22.

What is the 52-week high and low for Columbus McKinnon Corporation Stock?
The 52-week high for Columbus McKinnon Corporation Stock is $45.84 and the 52-week low is $30.29.

What is the market capitalization of Columbus McKinnon Corporation Stock?
As of the Jun 20, 2024, the market capitalization of Columbus McKinnon Corporation is 1.016B.

When is the next earnings date for Columbus McKinnon Corporation?
The upcoming earnings date for Columbus McKinnon Corporation is Aug 07, 2024.
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About Columbus McKinnon Corporation

Columbus McKinnon Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well a... CMCO Profile

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