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Weaker Hold
Today CMCO ranks #7102 as hold candidate. Get a Free Stock at Robinhood
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Columbus McKinnon Corporation Stock Forecast NASDAQ:CMCO

$47.64 (-5.59%)

Volume: 64k

Closed: Nov 26, 2021

Hollow Logo Score: -0.842

Columbus McKinnon Corporation Stock Forecast

$47.64 (-5.59%)

Volume: 64k

Closed: Nov 26, 2021

Score Hollow Logo -0.842
Which way will CMCO go? Request
Stop-loss: $45.30 (-4.90%)
Key Stats
P/E Ratio 56.17
Beta 1.16
Trailing Dividend Rate 0.5% ($0.24)
* 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 ] The Columbus McKinnon Corporation stock currently holds an RSI14 at 18 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Columbus McKinnon Corporation stock price took a fall of -5.59% on Friday
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-22 Loss -5.76%

The Columbus McKinnon Corporation stock price fell by -5.59% on the last day (Friday, 26th Nov 2021) from $50.46 to $47.64. and has now fallen 3 days in a row. During the day the stock fluctuated 5.93% from a day low at $46.50 to a day high of $49.26. The price has fallen in 8 of the last 10 days and is down by -9.08% for this period. Volume has increased on the last day by 9 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, 64 thousand shares were bought and sold for approximately $3.05 million.

Given the current short-term trend, the stock is expected to rise 15.62% during the next 3 months and, with a 90% probability hold a price between $55.08 and $63.47 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. 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 $49.80 and $50.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -10.54%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Columbus McKinnon Corporation finds support from accumulated volume at $47.27 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 $2.76 between high and low, or 5.93%. For the last week, the stock has had a daily average volatility of 2.86%.

Columbus McKinnon Corporation is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $45.30 (-4.90%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 18 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Is Columbus McKinnon Corporation stock A Buy?

Columbus McKinnon Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.842

Predicted Opening Price for Columbus McKinnon Corporation of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$47.80 $47.64 (Undervalued)
Hold/Accumulate Downgraded

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Analyst Ratings

On Jul 30, 2021 "Colliers Securities" gave "" rating for CMCO. The price target was set to $45.230.0%.

Volatility and Risk
Daily Average Volatility: 2.86 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.86 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $48.86
Price: $47.64
Support: $47.27

CMCO Insider Trading Show all Trades

INSIDER POWER

0.977

Last 100 transactions
Buy: 90 912 | Sell: 93 020 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Buy 7 Paradowski Mark R Common Stock
Nov 15, 2021 Buy 1 Pinchuk Nicholas T Restricted Stock Units
Nov 15, 2021 Buy 0 Pinchuk Nicholas T Restricted Stock Units
Nov 15, 2021 Buy 14 Wozniak Kurt F Common Stock
Nov 15, 2021 Buy 7 Adams Jon Common Stock
Show all Insider Trades
INSIDER POWER

0.977

Last 100 transactions
Buy: 90 912 | Sell: 93 020 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 50.56 6.13 %
49.50 3.91 %
48.85 2.55 %
Current price: 47.64
Support 46.75 -1.87 %
46.10 -3.24 %
45.04 -5.45 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 51.04 7.14 %
50.67 6.36 %
48.86 2.56 %
Current price 47.64
Support 47.27 -0.78%
46.73 -1.91%
44.62 -6.34%

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About Columbus McKinnon Corporation

Columbus McKinnon Columbus McKinnon Corporation designs, manufactures, and markets material handling products for various commercial and industrial end-user markets in the United States, Europe, Canada, and internationally. The company offers electric chain, electric wire rope, lever tools and air-powered, and hand-operated hoists; hoist trolleys; winches; industrial crane systems, such as steel bridge, gantry, and jib cranes, and aluminum work station cranes, as ... Read more

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