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Weaker Hold
Today CMFN ranks #2032 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$5.50 (1.54%)

Volume: 39k

Closed: Nov 29, 2021

Hollow Logo Score: 0.334

CM Finance Inc Stock Forecast

$5.50 (1.54%)

Volume: 39k

Closed: Nov 29, 2021

Score Hollow Logo 0.334
Which way will CMFN go? Request
Stop-loss: $5.21 (-5.23%)
Key Stats
Trailing Dividend Rate 0% ($1.00)
* 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 ] RSI14 is 55 and the stock is currently not being overbought or oversold

Stronger technical forecast for CM Finance Inc stock price after Monday trading.
(Updated on Nov 29, 2021)


Hold candidate since 2021-11-29

The CM Finance Inc stock price gained 1.54% on the last trading day (Monday, 29th Nov 2021), rising from $5.42 to $5.50. , and has now gained 3 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 day the stock fluctuated 1.28% from a day low at $5.45 to a day high of $5.52. The price has been going up and down for this period, and there has been a -1.61% loss 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, 7 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $214.92 thousand.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CM Finance Inc stock with a 90% probability to be traded between $5.26 and $5.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

The CM Finance Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.44 and $5.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, November 24, 2021, and so far it has risen 1.85%. Further rise is indicated until a new top pivot has been found. CM Finance Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

CM Finance Inc finds support from accumulated volume at $5.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0700 (1.28%) between high and low. For the last week, the stock has had a daily average volatility of 3.57%.

Our recommended stop-loss: $5.21 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Is CM Finance Inc stock A Buy?

CM Finance Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.334

Predicted Opening Price for CM Finance Inc of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$5.49 $5.50 (Overvalued)
Hold/Accumulate Upgraded

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Volatility and Risk
Daily Average Volatility: 3.57 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.57 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $5.55
Price: $5.50
Support: $5.41

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.56 1.09 %
5.53 0.60 %
5.52 0.30 %
Current price: 5.50
Support 5.46 -0.67 %
5.45 -0.97 %
5.42 -1.45 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.85 6.36 %
5.68 3.27 %
5.55 0.91 %
Current price 5.50
Support 5.41 -1.64%
5.40 -1.82%
5.30 -3.64%

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About CM Finance Inc

CM Finance Inc. is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions. The fund primarily invests in cable and satellites; consumer services; healthcare equipment and services; industrials; informati... Read more

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