CompoSecure, Inc. Stock Forecast
Green day on Friday for CompoSecure, Inc. stock after gaining 4.33%
(Updated on Apr 26, 2024)
The CompoSecure, Inc. stock price gained 4.33% on the last trading day (Friday, 26th Apr 2024), rising from $6.69 to $6.98. During the last trading day the stock fluctuated 4.61% from a day low at $6.73 to a day high of $7.04. The price has been going up and down for this period, and there has been a 5.28% gain 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, 41 thousand more shares were traded than the day before. In total, 156 thousand shares were bought and sold for approximately $1.09 million.
The stock lies in the middle of a very 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 46.28% during the next 3 months and, with a 90% probability hold a price between $9.01 and $11.60 at the end of this 3-month period.
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CMPO Signals & Forecast
The CompoSecure, Inc. 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 $6.67 and $6.60. A breakdown below any of these levels will issue sell signals. CompoSecure, 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. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -3.59%. 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).
Support, Risk & Stop-loss for CompoSecure, Inc. stock
CompoSecure, Inc. finds support from accumulated volume at $6.95 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 $0.310 between high and low, or 4.61%. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: $6.69 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (CMPO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CompoSecure, Inc. to open at $6.92, and during the day (based on 14 day Average True Range), to move between $6.72 and $7.24, which gives a possible trading interval of +/-$0.262 (+/-3.75%) up or down from last closing price. If CompoSecure, Inc. takes out the full calculated possible swing range there will be an estimated 7.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.95 (0.43%) than the resistance at $7.10 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CompoSecure, Inc. 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 CompoSecure, Inc. stock to perform well in the short-term.
Current score: 4.672 Buy Candidate Unchanged
Predicted Opening Price for CompoSecure, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $6.92 ( 0.91%) | $6.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMPO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.23 | 3.53 % | |
| R2 | 7.11 | 1.84 % | ||
| R1 | 7.04 | 0.789 % | ||
| Current price: | 6.98 | |||
| Support | S1 | 6.80 | -2.60 % | |
| S2 | 6.73 | -3.65 % | ||
| S3 | 6.61 | -5.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.23 | 3.58 % | |
| R2 | 7.12 | 2.01 % | ||
| R1 | 7.10 | 1.72 % | ||
| Current price | 6.98 | |||
| Support | S1 | 6.95 | -0.430% | |
| S2 | 6.84 | -2.01% | ||
| S3 | 5.92 | -15.19% |
FAQ
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