RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CMTL
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Comtech Telecommunications Corp. stock price fell more than -5.40% Friday closing at $3.33
(Updated on Jul 12, 2024)

Buy or Hold candidate since Jun 24, 2024 Loss -0.60% PDF

The Comtech Telecommunications Corp. stock price fell by -5.40% on the last day (Friday, 12th Jul 2024) from $3.52 to $3.33. During the last trading day the stock fluctuated 7.94% from a day low at $3.31 to a day high of $3.57. The price has been going up and down for this period, and there has been a 6.73% gain for the last 2 weeks. 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 -249 thousand shares and in total, 501 thousand shares were bought and sold for approximately $1.67 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 59.01% during the next 3 months and, with a 90% probability hold a price between $4.16 and $7.17 at the end of this 3-month period.

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CMTL Signals & Forecast

The Comtech Telecommunications Corp. 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 $3.19 and $2.79. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 18, 2024, and so far it has fallen -18.18%. 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 Comtech Telecommunications Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.03 and $2.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Comtech Telecommunications Corp. finds support just below today's level at $3.03. If this is broken, then the next support from accumulated volume will be at $2.94 and $2.51.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.263 between high and low, or 7.94%. For the last week, the stock has had daily average volatility of 8.67%.

Our recommended stop-loss: $3.13 (-6.12%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 55 days ago.)

Trading Expectations (CMTL) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Comtech Telecommunications Corp. to open at $3.40, and during the day (based on 14 day Average True Range), to move between $2.99 and $3.67, which gives a possible trading interval of +/-$0.341 (+/-10.23%) up or down from last closing price. If Comtech Telecommunications Corp. takes out the full calculated possible swing range there will be an estimated 20.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.03 (9.01%) than the resistance at $3.64 (9.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Comtech Telecommunications Corp. 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 Comtech Telecommunications Corp. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.530 Buy Candidate Downgraded

Predicted Opening Price for Comtech Telecommunications Corp. of Monday, July 15, 2024

Fair opening price July 15, 2024 Current price
$3.40 ( 2.23%) $3.33

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CMTL

Fibonacci Support & Resistance Levels

Level Price
R3 3.67 10.13%
R2 3.57 7.11%
R1 3.50 5.25%
Price 3.33
S1 3.30 -0.785%
S2 3.24 -2.65%
S3 3.14 -5.66%

Accumulated Volume Support & Resistance Levels

Level Price
R3 4.07 22.22%
R2 3.81 14.41%
R1 3.64 9.31%
Price 3.33
S1 3.03 -9.01%
S2 2.94 -11.86%
S3 2.51 -24.62%

CMTL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 08, 2022 Jan 17, 2023 Feb 17, 2023 $0.100 0.621%
2 Sep 29, 2022 Oct 18, 2022 Nov 18, 2022 $0.100 0.86%
3 Jun 09, 2022 Jul 19, 2022 Aug 19, 2022 $0.100 0.82%
4 Mar 10, 2022 Apr 19, 2022 May 20, 2022 $0.100 0.83%
5 Dec 09, 2021 Jan 18, 2022 Feb 18, 2022 $0.100 0.488%

FAQ

What is the symbol for Comtech Telecommunications Corp. Stock and on which exchange is it traded?
The symbol for Comtech Telecommunications Corp. is CMTL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Comtech Telecommunications Corp. Stock?
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 Comtech Telecommunications Corp. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Comtech Telecommunications Corp. Stock?
Comtech Telecommunications Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Comtech Telecommunications Corp. Stock.

What's the current price of Comtech Telecommunications Corp. Stock?
As of the end of day on the Jul 12, 2024, the price of an Comtech Telecommunications Corp. (CMTL) share was $3.33.

What is the 52-week high and low for Comtech Telecommunications Corp. Stock?
The 52-week high for Comtech Telecommunications Corp. Stock is $13.04 and the 52-week low is $1.54.

What is the market capitalization of Comtech Telecommunications Corp. Stock?
As of the Jul 12, 2024, the market capitalization of Comtech Telecommunications Corp. is 94.882M.

When is the next earnings date for Comtech Telecommunications Corp.?
The upcoming earnings date for Comtech Telecommunications Corp. is Oct 10, 2024.
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About Comtech Telecommunications Corp.

Comtech Telecommunications . Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including single channel per carrier and time division multiple access modems, amplif... CMTL Profile

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