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Comtech Telecommunications Corp. Stock Forecast NASDAQ:CMTL

$25.26 (0.48%)

Volume: 121k

Closed: Dec 08, 2021

Hollow Logo Score: -0.837

Comtech Telecommunications Corp. Stock Forecast

$25.26 (0.48%)

Volume: 121k

Closed: Dec 08, 2021

Score Hollow Logo -0.837
Which way will CMTL go? Request
Stop-loss: $24.32 (-3.74%)
Key Stats
P/E Ratio -9.01
Beta 1.15
Trailing Dividend Rate 1.58% ($0.40)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 38 and the stock is currently not being overbought or oversold

Comtech Telecommunications Corp. stock upgraded to Hold/Accumulate.
(Updated on Dec 08, 2021)


Hold candidate since 2021-12-08

The Comtech Telecommunications Corp. stock price gained 0.48% on the last trading day (Wednesday, 8th Dec 2021), rising from $25.14 to $25.26. During the day the stock fluctuated 2.58% from a day low at $25.17 to a day high of $25.82. The price has fallen in 6 of the last 10 days and is down by -4.57% for this period. Volume fell on the last day by -74 thousand shares and in total, 121 thousand shares were bought and sold for approximately $3.06 million. 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 middle of a very wide and weak 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 6.25% during the next 3 months and, with a 90% probability hold a price between $22.88 and $29.73 at the end of this 3-month period.

Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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. On corrections up, there will be some resistance from the lines at $25.37 and $25.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -8.01%. 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).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $22.63 and $22.40. There is 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 $22.63. If this is broken, then the next support from accumulated volume will be at $22.40 and $20.87.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.65 between high and low, or 2.58%. For the last week, the stock has had a daily average volatility of 3.63%.

Our recommended stop-loss: $24.32 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)

Is Comtech Telecommunications Corp. stock A Buy?

Comtech Telecommunications Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.837

Predicted Opening Price for Comtech Telecommunications Corp. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$25.42 $25.26 (Undervalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Oct 05, 2021 "Citigroup" gave "$26.00 - $24.00" rating for CMTL. The price target was changed from $24.38 to 3.9%.

Volatility and Risk
Daily Average Volatility: 3.63 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.63 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $25.71
Price: $25.26
Support: $22.63

CMTL Insider Trading Show all Trades

INSIDER POWER

1.911

Last 100 transactions
Buy: 343 778 | Sell: 179 936 (Shares)
Date Action Amount Person Type
Oct 04, 2021 Sell 228 Bondi Michael Common Stock Par Value $.10 Per Share
Oct 04, 2021 Sell 429 Bondi Michael Restricted Stock Units
Oct 04, 2021 Buy 429 Bondi Michael Common Stock Par Value $.10 Per Share
Oct 04, 2021 Buy 800 Porcelain Michael Common Stock Par Value $.10 Per Share
Oct 04, 2021 Sell 800 Porcelain Michael Restricted Stock Units
Show all Insider Trades
INSIDER POWER

1.911

Last 100 transactions
Buy: 343 778 | Sell: 179 936 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 26.07 3.19 %
25.82 2.21 %
25.66 1.60 %
Current price: 25.26
Support 25.17 -0.36 %
25.01 -0.97 %
24.77 -1.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 27.20 7.68 %
26.99 6.85 %
25.71 1.78 %
Current price 25.26
Support 22.63 -10.41%
22.40 -11.32%
20.87 -17.38%

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About Comtech Telecommunications Corp.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company’s Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used ... Read more

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