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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Green day on Thursday for Columbus McKinnon Corporation
(Updated on Mar 28, 2024)

Buy candidate since Mar 19, 2024 Gain 5.83% PDF

The Columbus McKinnon Corporation stock price gained 0.95% on the last trading day (Thursday, 28th Mar 2024), rising from $44.21 to $44.63. It has now gained 4 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 last trading day the stock fluctuated 1.97% from a day low at $44.10 to a day high of $44.97. The price has risen in 8 of the last 10 days and is up by 8.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 138 thousand shares were bought and sold for approximately $6.17 million.

The stock lies in the middle of a 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 17.70% during the next 3 months and, with a 90% probability hold a price between $48.99 and $55.70 at the end of this 3-month period.

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CMCO Signals & Forecast

Mostly positive signals in the chart today. The Columbus McKinnon Corporation 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 $43.31 and $42.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 8.88%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

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

On the downside, the stock finds support just below today's level from accumulated volume at $41.56 and $41.16. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Columbus McKinnon Corporation finds support just below today's level at $41.56. If this is broken, then the next support from accumulated volume will be at $41.16 and $40.24.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.87 between high and low, or 1.97%. For the last week the stock has had daily average volatility of 2.06%.

Our recommended stop-loss: $42.36 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Columbus McKinnon Corporation to open at $44.57, and during the day (based on 14 day Average True Range), to move between $43.66 and $45.60, which gives a possible trading interval of +/-$0.97 (+/-2.17%) up or down from last closing price. If Columbus McKinnon Corporation takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $41.56, some $3.07 (6.88%) from the current price of $44.63, our system finds the risk reward attractive.

Is Columbus McKinnon Corporation stock A Buy?

Columbus McKinnon Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 6.733 Strong Buy Candidate Unchanged

Predicted Opening Price for Columbus McKinnon Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$44.57 ( 0.142%) $44.63

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
Resistance R3 45.44 1.81 %
R2 45.10 1.06 %
R1 44.90 0.603 %
Current price: 44.63
Support S1 44.23 -0.89 %
S2 44.03 -1.35 %
S3 43.70 -2.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 44.63
Support S1 41.56 -6.88%
S2 41.16 -7.78%
S3 40.24 -9.84%

CMCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 May 02, 2024 May 13, 2024 $0.0700 0.157%
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 positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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 2024-03-28, the price of an Columbus McKinnon Corporation (CMCO) share was $44.63.

What is the 52-week high and low for Columbus McKinnon Corporation Stock?
The 52-week high for Columbus McKinnon Corporation Stock is $44.97 and the 52-week low is $30.29.

What is the market capitalization of Columbus McKinnon Corporation Stock?
As of the 2024-03-28, the market capitalization of Columbus McKinnon Corporation is 1.283B.

When is the next earnings date for Columbus McKinnon Corporation?
The upcoming earnings date for Columbus McKinnon Corporation is May 23, 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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