Core Molding Technologies, Inc Stock Forecast
Core Molding Technologies, Inc stock price ended at $16.40 on Tuesday, after gaining 2.56%.
(Updated on Jun 25, 2024)
The Core Molding Technologies, Inc stock price gained 2.56% on the last trading day (Tuesday, 25th Jun 2024), rising from $15.99 to $16.40. During the last trading day the stock fluctuated 3.75% from a day low at $15.98 to a day high of $16.58. The price has been going up and down for this period, and there has been a -1.26% loss for the last 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 23 thousand shares were bought and sold for approximately $375.99 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.91 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.16% during the next 3 months and, with a 90% probability hold a price between $14.62 and $17.86 at the end of this 3-month period.
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CMT Signals & Forecast
There are mixed signals in the stock today. The Core Molding Technologies, Inc 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 $18.20. On a fall, the stock will find some support from the short-term average at $16.36. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.69%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Core Molding Technologies, Inc stock
Core Molding Technologies, Inc finds support from accumulated volume at $16.30 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.600 between high and low, or 3.75%. For the last week the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Core Molding Technologies, Inc to open at $16.32, and during the day (based on 14 day Average True Range), to move between $15.75 and $17.05, which gives a possible trading interval of +/-$0.648 (+/-3.95%) up or down from last closing price. If Core Molding Technologies, Inc takes out the full calculated possible swing range there will be an estimated 7.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.30 (0.61%) than the resistance at $17.93 (9.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Core Molding Technologies, Inc stock A Buy?
Core Molding Technologies, Inc 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: -1.437 Sell Candidate Unchanged
Predicted Opening Price for Core Molding Technologies, Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $16.32 ( 0.488%) | $16.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.92 | 3.17% |
| R2 | 16.69 | 1.77% |
| R1 | 16.55 | 0.91% |
| Price | 16.40 | |
| S1 | 16.09 | -1.89% |
| S2 | 15.95 | -2.75% |
| S3 | 15.72 | -4.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.76 | 20.49% |
| R2 | 19.67 | 19.94% |
| R1 | 17.93 | 9.33% |
| Price | 16.40 | |
| S1 | 16.30 | -0.610% |
| S2 | 15.99 | -2.50% |
| S3 | 15.97 | -2.62% |
CMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2018 | May 21, 2018 | May 31, 2018 | $0.0500 | 0.347% |
| 2 | Mar 07, 2018 | Mar 16, 2018 | Mar 29, 2018 | $0.0500 | 0.280% |
| 3 | Nov 02, 2017 | Nov 16, 2017 | Nov 28, 2017 | $0.0500 | 0.224% |
| 4 | Aug 07, 2017 | Aug 16, 2017 | Aug 30, 2017 | $0.0500 | 0.244% |
| 5 | Sep 18, 1996 | Sep 18, 1996 | Sep 18, 1996 | $0.0100 | 0.421% |
FAQ
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