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Consolidated Communications Holdings Stock Forecast NASDAQ:CNSL

$7.85 (0.26%)

Volume: 343k

Closed: Dec 03, 2021

Hollow Logo Score: -3.355

Consolidated Communications Holdings Stock Forecast

$7.85 (0.26%)

Volume: 343k

Closed: Dec 03, 2021

Score Hollow Logo -3.355
Which way will CNSL go? Request
Key Stats
P/E Ratio -5.92
Beta 0.78
* 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 29 and the stock is currently not being overbought or oversold

Green day on Friday for Consolidated Communications Holdings stock after gaining 0.26%
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-18 Loss -7.43%

The Consolidated Communications Holdings stock price gained 0.26% on the last trading day (Friday, 3rd Dec 2021), rising from $7.83 to $7.85. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.36% from a day low at $7.74 to a day high of $8.00. The price has fallen in 6 of the last 10 days and is down by -7.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 343 thousand shares were bought and sold for approximately $2.69 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 -15.98% during the next 3 months and, with a 90% probability hold a price between $5.69 and $7.14 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 6.08%. 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 Consolidated Communications Holdings 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 $8.15. On a fall, the stock will find some support from the short-term average at $7.72. 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).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, December 01, 2021 and based on theory for this formation the price should go up by 30.96% to $10.28 within 22 trading days since signal was issued (Monday, January 03, 2022).

Support, Risk & Stop-loss

Consolidated Communications Holdings finds support from accumulated volume at $7.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.26 between high and low, or 3.36%. For the last week, the stock has had a daily average volatility of 5.18%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Consolidated Communications Holdings stock A Buy?

Consolidated Communications Holdings 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: -3.355

Predicted Opening Price for Consolidated Communications Holdings of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$7.86 $7.85 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 29, 2021 "Citigroup" gave "" rating for CNSL. The price target was changed from $7.52 to 2.2%.

Volatility and Risk
Daily Average Volatility: 5.18 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.18 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $8.42
Price: $7.85
Support: $7.69

CNSL Insider Trading Show all Trades

INSIDER POWER

18.287

Last 100 transactions
Buy: 1 841 395 | Sell: 100 696 (Shares)
Date Action Amount Person Type
May 24, 2021 Buy 14 200 Currey Robert J Common Stock, par value $0.01 per share
May 24, 2021 Buy 13 500 Currey Robert J Common Stock, par value $0.01 per share
May 06, 2021 Buy 10 000 Rahe Maribeth S Common Stock, par value $0.01 per share
May 03, 2021 Buy 22 088 Moore Roger H/ca Common Stock, par value $0.01 per share
May 03, 2021 Buy 22 088 Rahe Maribeth S Common Stock, par value $0.01 per share
Show all Insider Trades
INSIDER POWER

18.287

Last 100 transactions
Buy: 1 841 395 | Sell: 100 696 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.12 3.48 %
8.02 2.22 %
7.96 1.44 %
Current price: 7.85
Support 7.76 -1.10 %
7.70 -1.88 %
7.60 -3.14 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 9.22 17.45 %
9.15 16.56 %
8.42 7.26 %
Current price 7.85
Support 7.69 -2.04%
7.52 -4.20%
7.40 -5.73%

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About Consolidated Communications Holdings

Consolidated Communications Holdings Consolidated Communications Holdings, Inc., through its subsidiaries, provides various integrated communications services to business and residential customers. The company’s services include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, cloud data, carrier grade access, data center and managed services, and directory publishing, as well as network capacity services over its reg... Read more

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