Comtech Telecommunications Corp. Stock Forecast
High volatility in Comtech Telecommunications Corp. stock price on Tuesday which ended trading at $1.58
(Updated on Apr 23, 2024)
The Comtech Telecommunications Corp. stock price fell by -10.23% on the last day (Tuesday, 23rd Apr 2024) from $1.76 to $1.58. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 14.01% from a day low at $1.54 to a day high of $1.75. The price has fallen in 8 of the last 10 days and is down by -43.97% for this period. Volume has increased on the last day by 216 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $1.82 million.
The stock lies in the middle of a very 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 -66.38% during the next 3 months and, with a 90% probability hold a price between $0.316 and $1.01 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.
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CMTL Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Comtech Telecommunications Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.87 and $3.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -54.99%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Comtech Telecommunications Corp. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.215 between high and low, or 14.01%. For the last week, the stock has had daily average volatility of 8.21%.
Comtech Telecommunications Corp. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMTL) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Comtech Telecommunications Corp. to open at $1.62, and during the day (based on 14 day Average True Range), to move between $1.30 and $1.86, which gives a possible trading interval of +/-$0.281 (+/-17.76%) up or down from last closing price. If Comtech Telecommunications Corp. takes out the full calculated possible swing range there will be an estimated 35.53% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.76, some $0.180 (11.39%) from the current price of $1.58, our system finds the risk reward not very attractive.
Is Comtech Telecommunications Corp. stock A Buy?
Comtech Telecommunications Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.673 Strong Sell Candidate Unchanged
Predicted Opening Price for Comtech Telecommunications Corp. of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$1.62 ( 2.64%) | $1.58 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 1.84 | 16.24 % | |
R2 | 1.75 | 11.05 % | ||
R1 | 1.70 | 7.84 % | ||
Current price: | 1.58 | |||
Support | S1 | 1.54 | -2.56 % | |
S2 | 1.49 | -5.77 % | ||
S3 | 1.41 | -10.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.88 | 18.67 % | |
R2 | 1.85 | 17.09 % | ||
R1 | 1.76 | 11.39 % | ||
Current price | 1.58 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
CMTL Dividend Payout History
# | 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
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