Columbia Sportswear Company Stock Forecast
Red day on Friday for Columbia Sportswear Company stock after losing 0.37%
(Updated on Sep 22, 2023)
The Columbia Sportswear Company stock price fell by -0.370% on the last day (Friday, 22nd Sep 2023) from $70.21 to $69.95. During the last trading day the stock fluctuated 1.25% from a day low at $69.83 to a day high of $70.70. The price has been going up and down for this period, and there has been a -2.28% loss for the last 2 weeks. Volume has increased on the last day by 97 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 327 thousand shares were bought and sold for approximately $22.86 million.
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The stock lies in the middle of a 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 -8.54% during the next 3 months and, with a 90% probability hold a price between $62.80 and $66.98 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.
COLM Signals & Forecast
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 Columbia Sportswear Company 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 $71.04 and $73.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, September 01, 2023, and so far it has fallen -5.31%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Columbia Sportswear Company stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.87 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COLM) For The Upcoming Trading Day Of Monday 25th
For the upcoming trading day on Monday, 25th we expect Columbia Sportswear Company to open at $70.16, and during the day (based on 14 day Average True Range), to move between $68.61 and $71.29, which gives a possible trading interval of +/-$1.34 (+/-1.92%) up or down from last closing price. If Columbia Sportswear Company takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $74.25, some $4.30 (6.15%) from the current price of $69.95, our system finds the risk reward not very attractive.
Is Columbia Sportswear Company stock A Buy?
Columbia Sportswear Company holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.226 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Columbia Sportswear Company of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $70.16 | $69.95 (Undervalued) |
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Trading levels for COLM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.03 | 1.54 % | |
| R2 | 70.70 | 1.07 % | ||
| R1 | 70.49 | 0.775 % | ||
| Current price: | 69.95 | |||
| Support | S1 | 69.83 | -0.175 % | |
| S2 | 69.62 | -0.468 % | ||
| S3 | 69.29 | -0.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.68 | 8.19 % | |
| R2 | 75.30 | 7.65 % | ||
| R1 | 74.25 | 6.15 % | ||
| Current price | 69.95 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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About Columbia Sportswear Company
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, ca... COLM Profile
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