Cimpress N.V Stock Forecast
Cimpress N.V stock price down 1.67% on Wednesday
(Updated on Apr 24, 2024)
The Cimpress N.V stock price fell by -1.67% on the last day (Wednesday, 24th Apr 2024) from $90.90 to $89.38. During the last trading day the stock fluctuated 3.75% from a day low at $89.22 to a day high of $92.56. The price has fallen in 6 of the last 10 days and is down by -4.36% 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 -6 thousand shares and in total, 124 thousand shares were bought and sold for approximately $11.11 million.
The stock lies in the middle of a very wide and weak 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 8.62% during the next 3 months and, with a 90% probability hold a price between $90.14 and $113.61 at the end of this 3-month period.
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CMPR Signals & Forecast
There are mixed signals in the stock today. The Cimpress N.V stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $91.02. On a fall, the stock will find some support from the short-term average at $89.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -10.30%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Cimpress N.V stock
Cimpress N.V finds support from accumulated volume at $88.10 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 $3.34 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMPR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Cimpress N.V to open at $90.38, and during the day (based on 14 day Average True Range), to move between $86.15 and $92.61, which gives a possible trading interval of +/-$3.23 (+/-3.61%) up or down from last closing price. If Cimpress N.V takes out the full calculated possible swing range there will be an estimated 7.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $89.98 (0.67%) than the support at $88.10 (1.43%), 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.
Earnings coming up
Cimpress N.V will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.140. We will update the financials statements for Cimpress N.V, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.17% in the first trading day after earnings release.
Is Cimpress N.V stock A Buy?
Cimpress N.V holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.429 Sell Candidate Unchanged
Predicted Opening Price for Cimpress N.V of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $90.38 ( 1.12%) | $89.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.73 | 4.87 % | |
| R2 | 92.45 | 3.44 % | ||
| R1 | 91.66 | 2.55 % | ||
| Current price: | 89.38 | |||
| Support | S1 | 89.11 | -0.305 % | |
| S2 | 88.32 | -1.19 % | ||
| S3 | 87.04 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.53 | 2.41 % | |
| R2 | 91.09 | 1.91 % | ||
| R1 | 89.98 | 0.671 % | ||
| Current price | 89.38 | |||
| Support | S1 | 88.10 | -1.43% | |
| S2 | 88.04 | -1.50% | ||
| S3 | 84.09 | -5.92% |
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