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Columbia Sportswear Company Stock Forecast NASDAQ:COLM

$96.22 (-0.48%)

Volume: 159k

Closed: Oct 15, 2021

Hollow Logo Score: -0.407

Columbia Sportswear Company Stock Forecast

$96.22 (-0.48%)

Volume: 159k

Closed: Oct 15, 2021

Score Hollow Logo -0.407
Which way will COLM go? Request
Stop-loss: $90.83 (-5.61%)
Earnings Date: Oct 28, 2021
Key Stats
P/E Ratio 24.88
Beta 1.04
Trailing Dividend Rate 0.81% ($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 38 and the stock is currently not being overbought or oversold

Columbia Sportswear Company stock upgraded to Hold/Accumulate.
(Updated on Oct 15, 2021)


Hold candidate since 2021-10-15

The Columbia Sportswear Company stock price fell by -0.48% on the last day (Friday, 15th Oct 2021) from $96.68 to $96.22. During the day the stock fluctuated 1.23% from a day low at $96.05 to a day high of $97.23. The price has risen in 6 of the last 10 days, but is still down by -1.3% 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 -32 thousand shares and in total, 159 thousand shares were bought and sold for approximately $15.30 million.

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 -3.85% during the next 3 months and, with a 90% probability hold a price between $89.64 and $97.53 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, October 05, 2021, and so far it has risen 2.65%. 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 Columbia Sportswear Company 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 $99.36. On a fall, the stock will find some support from the short-term average at $95.80. 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). 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

Columbia Sportswear Company finds support from accumulated volume at $95.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.18 (1.23%) between high and low. For the last week, the stock has had a daily average volatility of 1.51%.

Our recommended stop-loss: $90.83 (-5.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Is Columbia Sportswear Company stock A Buy?

Columbia Sportswear Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.407

Predicted Opening Price for Columbia Sportswear Company of Monday, October 18, 2021

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

Fair opening price October 18, 2021 Current price
$96.50 $96.22 (Undervalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Oct 05, 2021 "Bank of America" gave "$137.00 - $108.00" rating for COLM. The price target was set to $98.16+0.7%.

Volatility and Risk
Daily Average Volatility: 1.51 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.51 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $99.11
Price: $96.22
Support: $95.84

COLM Insider Trading Show all Trades

INSIDER POWER

0.505

Last 100 transactions
Buy: 82 841 | Sell: 163 924 (Shares)
Date Action Amount Person Type
Aug 31, 2021 Sell 525 Kulok Lisa Common Stock
Aug 04, 2021 Sell 300 Bragdon Peter J Common Stock
Aug 02, 2021 Sell 79 Swanson Jim A Common Stock
Aug 02, 2021 Sell 243 Swanson Jim A Restricted Stock Units
Aug 02, 2021 Buy 90 Bragdon Peter J Common Stock
Show all Insider Trades
INSIDER POWER

0.505

Last 100 transactions
Buy: 82 841 | Sell: 163 924 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 97.68 1.52 %
97.23 1.05 %
96.95 0.76 %
Current price: 96.22
Support 96.05 -0.18 %
95.77 -0.47 %
95.32 -0.94 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 102.58 6.61 %
100.14 4.07 %
99.11 3.00 %
Current price 96.22
Support 95.84 -0.39%
95.61 -0.63%
93.74 -2.58%

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About Columbia Sportswear Company

Columbia Sportswear Company Columbia Sportswear Company designs, sources, markets, and distributes outdoor and active 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 for men, women, and youth under the Columbia, Mountain Hardwear, Sorel, and prAna brands. Its products are used during various outdoor activities, ... Read more

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