Comtech Telecommunications Corp. Stock Forecast
Volatile ride for Comtech Telecommunications Corp. stock price on Wednesday moving between $3.17 and $3.56
(Updated on Mar 27, 2024)
The Comtech Telecommunications Corp. stock price gained 12.14% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.13 to $3.51. During the last trading day the stock fluctuated 12.15% from a day low at $3.17 to a day high of $3.56. The price has risen in 6 of the last 10 days but is still down by -16.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 245 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $4.45 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -44.61% during the next 3 months and, with a 90% probability hold a price between $1.69 and $2.99 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
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 12.14%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 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 $5.59. On a fall, the stock will find some support from the short-term average at $3.32. 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).
Support, Risk & Stop-loss for Comtech Telecommunications Corp. stock
Comtech Telecommunications Corp. finds support from accumulated volume at $3.46 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 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 $0.385 between high and low, or 12.15%. For the last week, the stock has had daily average volatility of 11.02%.
Comtech Telecommunications Corp. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Comtech Telecommunications Corp. to open at $3.41, and during the day (based on 14 day Average True Range), to move between $3.05 and $3.97, which gives a possible trading interval of +/-$0.464 (+/-13.21%) up or down from last closing price. If Comtech Telecommunications Corp. takes out the full calculated possible swing range there will be an estimated 26.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.46 (1.42%) than the resistance at $4.19 (19.37%), 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?
Comtech Telecommunications Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.310 Sell Candidate Upgraded
Predicted Opening Price for Comtech Telecommunications Corp. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$3.41 ( 2.80%) | $3.51 |
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 | 3.80 | 8.17 % | |
R2 | 3.65 | 3.98 % | ||
R1 | 3.56 | 1.39 % | ||
Current price: | 3.51 | |||
Support | S1 | 3.26 | -6.99 % | |
S2 | 3.17 | -9.58 % | ||
S3 | 3.03 | -13.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 4.19 | 19.37 % | ||
Current price | 3.51 | |||
Support | S1 | 3.46 | -1.42% | |
S2 | 3.43 | -2.28% | ||
S3 | 3.28 | -6.55% |
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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