Compass Pathways PLC Stock Forecast
Compass Pathways PLC stock price ended at $8.48 on Wednesday, after losing 1.05%.
(Updated on May 01, 2024)
The Compass Pathways PLC stock price fell by -1.05% on the last day (Wednesday, 1st May 2024) from $8.57 to $8.48. During the last trading day the stock fluctuated 6.31% from a day low at $8.33 to a day high of $8.85. The price has fallen in 7 of the last 10 days and is down by -0.59% 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 -34 thousand shares and in total, 282 thousand shares were bought and sold for approximately $2.39 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.80% during the next 3 months and, with a 90% probability hold a price between $5.31 and $6.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CMPS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 7.89%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Compass Pathways PLC 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 $9.05. On a fall, the stock will find some support from the short-term average at $8.19. 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. 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 Compass Pathways PLC stock
Compass Pathways PLC finds support from accumulated volume at $8.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.525 between high and low, or 6.31%. For the last week, the stock has had daily average volatility of 5.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMPS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Compass Pathways PLC to open at $8.55, and during the day (based on 14 day Average True Range), to move between $7.93 and $9.03, which gives a possible trading interval of +/-$0.555 (+/-6.54%) up or down from last closing price. If Compass Pathways PLC takes out the full calculated possible swing range there will be an estimated 13.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.32 (1.89%) than the resistance at $9.50 (12.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Compass Pathways PLC will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.520. We will update the financials statements for Compass Pathways PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.48% in the first trading day after earnings release.
Is Compass Pathways PLC stock A Buy?
Compass Pathways PLC 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: -3.174 Sell Candidate Unchanged
Predicted Opening Price for Compass Pathways PLC of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$8.55 ( 0.85%) | $8.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMPS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.08 | 7.04 % | |
R2 | 8.88 | 4.67 % | ||
R1 | 8.75 | 3.21 % | ||
Current price: | 8.48 | |||
Support | S1 | 8.35 | -1.52 % | |
S2 | 8.23 | -2.98 % | ||
S3 | 8.03 | -5.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.27 | 21.11 % | |
R2 | 10.17 | 19.93 % | ||
R1 | 9.50 | 12.03 % | ||
Current price | 8.48 | |||
Support | S1 | 8.32 | -1.89% | |
S2 | 8.10 | -4.48% | ||
S3 | 7.86 | -7.31% |
FAQ
Click here for our free guide on how to buy Compass Pathways PLC Stock.