Consolidated Communications Holdings Stock Forecast
Consolidated Communications Holdings stock price down 0.235% on Wednesday
(Updated on Apr 24, 2024)
The Consolidated Communications Holdings stock price fell by -0.235% on the last day (Wednesday, 24th Apr 2024) from $4.25 to $4.24. During the last trading day the stock fluctuated 1.31% from a day low at $4.21 to a day high of $4.26. The price has fallen in 5 of the last 10 days and is down by -0.93% for this period. 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, 937 thousand shares were bought and sold for approximately $3.97 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $4.23 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Consolidated Communications Holdings stock with a 90% probability to be traded between $4.15 and $4.23 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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CNSL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.236%. Further rise is indicated until a new top pivot has been found. 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.26 and $4.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Consolidated Communications Holdings stock
Consolidated Communications Holdings finds support from accumulated volume at $4.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0550 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: $3.97 (-6.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CNSL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Consolidated Communications Holdings to open at $4.24, and during the day (based on 14 day Average True Range), to move between $4.21 and $4.27, which gives a possible trading interval of +/-$0.0346 (+/-0.82%) up or down from last closing price. If Consolidated Communications Holdings takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.23 (0.24%) than the resistance at $4.31 (1.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Consolidated Communications Holdings stock A Buy?
Consolidated Communications Holdings 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.
Current score: 0.200 Hold/Accumulate Unchanged
Predicted Opening Price for Consolidated Communications Holdings of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $4.24 ( 0.118%) | $4.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.29 | 1.18 % | |
| R2 | 4.27 | 0.684 % | ||
| R1 | 4.26 | 0.378 % | ||
| Current price: | 4.24 | |||
| Support | S1 | 4.21 | -0.613 % | |
| S2 | 4.20 | -0.92 % | ||
| S3 | 4.18 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.34 | 2.36 % | |
| R2 | 4.33 | 2.12 % | ||
| R1 | 4.31 | 1.65 % | ||
| Current price | 4.24 | |||
| Support | S1 | 4.23 | -0.236% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CNSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2019 | Apr 12, 2019 | May 01, 2019 | $0.387 | 7.81% |
| 2 | Oct 30, 2018 | Jan 14, 2019 | Feb 01, 2019 | $0.387 | 3.60% |
| 3 | Jul 30, 2018 | Oct 12, 2018 | Nov 01, 2018 | $0.387 | 3.14% |
| 4 | May 01, 2018 | Jul 12, 2018 | Aug 01, 2018 | $0.387 | 3.06% |
| 5 | Feb 26, 2018 | Apr 12, 2018 | May 01, 2018 | $0.387 | 3.39% |
FAQ
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