Comtech Telecommunications Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Comtech Telecommunications Corp. stock price on Thursday which ended trading at $1.87
(Updated on Apr 25, 2024)
The Comtech Telecommunications Corp. stock price gained 6.86% on the last trading day (Thursday, 25th Apr 2024), rising from $1.75 to $1.87. During the last trading day the stock fluctuated 14.46% from a day low at $1.66 to a day high of $1.90. The price has fallen in 7 of the last 10 days and is down by -29.7% for this period. Volume fell on the last day by -475 thousand shares and in total, 710 thousand shares were bought and sold for approximately $1.33 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 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 -67.11% during the next 3 months and, with a 90% probability hold a price between $0.456 and $0.97 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, April 23, 2024, and so far it has risen 18.35%. Further rise is indicated until a new top pivot has been found. 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 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 $3.23. On a fall, the stock will find some support from the short-term average at $1.81. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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 $1.76 and $1.75. 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 $1.76. If this is broken, then the next support from accumulated volume will be at $1.75 and $1.58.
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 $0.240 between high and low, or 14.46%. For the last week the stock has had daily average volatility of 10.91%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect Comtech Telecommunications Corp. to open at $1.81, and during the day (based on 14 day Average True Range), to move between $1.60 and $2.14, which gives a possible trading interval of +/-$0.273 (+/-14.57%) up or down from last closing price. If Comtech Telecommunications Corp. takes out the full calculated possible swing range there will be an estimated 29.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.88 (0.27%) than the support at $1.76 (5.88%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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.
Current score: -3.889 Sell Candidate Unchanged
Predicted Opening Price for Comtech Telecommunications Corp. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.81 ( 3.21%) | $1.87 |
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 | 2.05 | 9.63 % | |
| R2 | 1.96 | 4.72 % | ||
| R1 | 1.90 | 1.69 % | ||
| Current price: | 1.87 | |||
| Support | S1 | 1.72 | -8.11 % | |
| S2 | 1.66 | -11.14 % | ||
| S3 | 1.57 | -16.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.33 | 24.33 % | |
| R2 | 2.02 | 8.02 % | ||
| R1 | 1.88 | 0.267 % | ||
| Current price | 1.87 | |||
| Support | S1 | 1.76 | -5.88% | |
| S2 | 1.75 | -6.42% | ||
| S3 | 1.58 | -15.51% |
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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