Consolidated Communications Holdings 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
Evaluation of Consolidated Communications Holdings stock downgraded after the last trading session.
(Updated on May 01, 2024)
No changes to the price of Consolidated Communications Holdings stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 0.463% from a day low at $4.32 to a day high of $4.34. The price has risen in 4 of the last 10 days and is up by 1.17% over the past 2 weeks.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $4.32 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $4.41 sometime during the next 3 months.
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CNSL Signals & Forecast
The Consolidated Communications Holdings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $4.28 and $4.29. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, April 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, March 18, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, March 18, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, March 18, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Consolidated Communications Holdings stock
Consolidated Communications Holdings finds support from accumulated volume at $4.31 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 $0.0200 between high and low, or 0.463%. For the last week the stock has had daily average volatility of 0.774%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CNSL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Consolidated Communications Holdings to open at $4.33, and during the day (based on 14 day Average True Range), to move between $4.29 and $4.35, which gives a possible trading interval of +/-$0.0338 (+/-0.78%) up or down from last closing price. If Consolidated Communications Holdings takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.33 (0.23%) than the support at $4.31 (0.23%), 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.
Earnings coming up
Consolidated Communications Holdings will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.430. We will update the financials statements for Consolidated Communications Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.57% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.215 Sell Candidate Downgraded
Predicted Opening Price for Consolidated Communications Holdings of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$4.33 ( 0.154%) | $4.32 |
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 | 4.35 | 0.617 % | |
R2 | 4.34 | 0.440 % | ||
R1 | 4.33 | 0.331 % | ||
Current price: | 4.32 | |||
Support | S1 | 4.32 | -0.0225 % | |
S2 | 4.31 | -0.132 % | ||
S3 | 4.31 | -0.309 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.35 | 0.694 % | |
R2 | 4.34 | 0.463 % | ||
R1 | 4.33 | 0.231 % | ||
Current price | 4.32 | |||
Support | S1 | 4.31 | -0.231% | |
S2 | 4.28 | -0.93% | ||
S3 | 4.27 | -1.16% |
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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