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Today CMLS ranks #11758 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$12.00 (-1.80%)

Volume: 24k

Closed: Dec 03, 2021

Hollow Logo Score: -2.712

Cumulus Media Inc. Stock Forecast

$12.00 (-1.80%)

Volume: 24k

Closed: Dec 03, 2021

Score Hollow Logo -2.712
Which way will CMLS go? Request
Key Stats
Beta 0.99
* 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 - 80 ] The Cumulus Media Inc. stock currently holds an RSI14 at 21 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.

Red day on Friday for Cumulus Media Inc.
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-19 Loss -5.36%

The Cumulus Media Inc. stock price fell by -1.80% on the last day (Friday, 3rd Dec 2021) from $12.22 to $12.00. During the day the stock fluctuated 4.69% from a day low at $11.75 to a day high of $12.30. The price has fallen in 8 of the last 10 days and is down by -7.26% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -33 thousand shares and in total, 24 thousand shares were bought and sold for approximately $286.60 thousand.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.47% during the next 3 months and, with a 90% probability hold a price between $13.49 and $16.30 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Cumulus Media Inc. 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 $12.19 and $12.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -10.58%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Cumulus Media Inc. finds support from accumulated volume at $11.78 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.55 between high and low, or 4.69%. For the last week the stock has had a daily average volatility of 6.41%.

Cumulus Media Inc. is oversold on RSI14 (21). 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 an negative evaluation for this stock. No stop-loss is set.

Is Cumulus Media Inc. stock A Buy?

The Cumulus Media Inc. stock holds several negative signals and despite the positive trend, we believe Cumulus Media Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.712

Predicted Opening Price for Cumulus Media Inc. of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$12.02 $12.00 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Sep 24, 2021 "B. Riley" gave "$22.00 - $28.00" rating for CMLS. The price target was set to $11.67+8.1%.

Volatility and Risk
Daily Average Volatility: 6.41 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.41 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $12.53
Price: $12.00
Support: $11.78

CMLS Insider Trading Show all Trades

INSIDER POWER

0.918

Last 100 transactions
Buy: 921 795 | Sell: 1 003 820 (Shares)
Date Action Amount Person Type
May 04, 2021 Buy 10 051 Gillman Joan H Class A Common Stock, par value $0.0000001 per share
May 04, 2021 Buy 10 051 Kushner Brian Class A Common Stock, par value $0.0000001 per share
May 04, 2021 Buy 18 140 Hobson Andrew W Class A Common Stock, par value $0.0000001 per share
May 04, 2021 Buy 10 051 Baum David M Class A Common Stock, par value $0.0000001 per share
May 04, 2021 Buy 10 051 Castro Thomas H Class A Common Stock, par value $0.0000001 per share
Show all Insider Trades
INSIDER POWER

0.918

Last 100 transactions
Buy: 921 795 | Sell: 1 003 820 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 12.57 4.73 %
12.36 2.98 %
12.23 1.89 %
Current price: 12.00
Support 11.81 -1.61 %
11.68 -2.70 %
11.47 -4.45 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 12.70 5.83 %
12.64 5.33 %
12.53 4.42 %
Current price 12.00
Support 11.78 -1.83%
10.45 -12.92%
9.89 -17.58%

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About Cumulus Media Inc.

Cumulus Media Cumulus Media Inc. owns and operates radio stations in the United States. It sells commercial advertising time to local, national, and network clients on its radio stations. The company offers content through approximately 454 owned-and-operated stations in 90 United States media markets; and approximately 8,200 broadcast radio affiliates and various digital channels. As of December 31, 2015, it provided sales and marketing services for 11 radio ... Read more

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