Comtech Telecommunications Corp. Stock Forecast
Comtech Telecommunications Corp. stock price down 1.94% on Tuesday
(Updated on Jul 02, 2024)
The Comtech Telecommunications Corp. stock price fell by -1.94% on the last day (Tuesday, 2nd Jul 2024) from $3.09 to $3.03. During the last trading day the stock fluctuated 5.92% from a day low at $2.96 to a day high of $3.13. The price has fallen in 7 of the last 10 days but is still up by 39.63% over the past 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 -1 million shares and in total, 367 thousand shares were bought and sold for approximately $1.11 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 24.89% during the next 3 months and, with a 90% probability hold a price between $2.78 and $5.23 at the end of this 3-month period.
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CMTL Signals & Forecast
The Comtech Telecommunications Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.10. On a fall, the stock will find some support from the long-term average at approximately $2.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -25.55%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Comtech Telecommunications Corp. stock
Comtech Telecommunications Corp. finds support from accumulated volume at $2.94 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.175 between high and low, or 5.92%. For the last week the stock has had daily average volatility of 11.07%.
Our recommended stop-loss: $2.85 (-5.78%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (CMTL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Comtech Telecommunications Corp. to open at $3.04, and during the day (based on 14 day Average True Range), to move between $2.64 and $3.42, which gives a possible trading interval of +/-$0.387 (+/-12.79%) up or down from last closing price. If Comtech Telecommunications Corp. takes out the full calculated possible swing range there will be an estimated 25.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.94 (3.14%) than the resistance at $3.17 (4.46%), 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.
Current score: 1.608 Buy Candidate Unchanged
Predicted Opening Price for Comtech Telecommunications Corp. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.04 ( 0.275%) | $3.03 |
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 | 3.21 | 6.05% |
| R2 | 3.15 | 3.84% |
| R1 | 3.11 | 2.48% |
| Price | 3.03 | |
| S1 | 2.97 | -1.93% |
| S2 | 2.93 | -3.29% |
| S3 | 2.86 | -5.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.64 | 20.13% |
| R2 | 3.35 | 10.56% |
| R1 | 3.17 | 4.46% |
| Price | 3.03 | |
| S1 | 2.94 | -3.14% |
| S2 | 2.51 | -17.16% |
| S3 | 2.29 | -24.42% |
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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