Compumedics Limited Stock Forecast
Red day on Tuesday for Compumedics Limited
(Updated on Jul 02, 2024)
No changes to the price of Compumedics Limited stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $0.340 to a day high of $0.340. The price has been going up and down for this period, and there has been a 3.03% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.356 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.14% during the next 3 months and, with a 90% probability hold a price between $0.310 and $0.439 at the end of this 3-month period.
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CMP.AX Signals & Forecast
The Compumedics Limited 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 $0.338 and $0.283. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Compumedics Limited stock
Compumedics Limited finds support from accumulated volume at $0.330 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.90%
Our recommended stop-loss: $0.328 (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (CMP.AX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Compumedics Limited to open at $0.340, and during the day (based on 14 day Average True Range), to move between $0.329 and $0.351, which gives a possible trading interval of +/-$0.0114 (+/-3.35%) up or down from last closing price. If Compumedics Limited takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.350 (2.94%) than the support at $0.330 (2.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Compumedics Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Compumedics Limited stock to perform well in the short-term.
Current score: 3.296 Buy Candidate Unchanged
Predicted Opening Price for Compumedics Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.340 ( 0%) | $0.340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMP.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.340 | - |
| R2 | 0.340 | - |
| R1 | 0.340 | - |
| Price | 0.340 | |
| S1 | 0.340 | - |
| S2 | 0.340 | - |
| S3 | 0.340 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.350 | 2.94% |
| Price | 0.340 | |
| S1 | 0.330 | -2.94% |
| S2 | 0.310 | -8.82% |
| S3 | 0.260 | -23.53% |
CMP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 24, 2004 | Nov 23, 2004 | Dec 20, 2004 | $0.0050 | 1.22% |
FAQ
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