Columbia Sportswear Company Stock Forecast
Columbia Sportswear Company stock price up 0.720% on Thursday
(Updated on Apr 18, 2024)
The Columbia Sportswear Company stock price gained 0.720% on the last trading day (Thursday, 18th Apr 2024), rising from $75.00 to $75.54. It 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 last trading day the stock fluctuated 0.94% from a day low at $74.95 to a day high of $75.65. The price has risen in 7 of the last 10 days and is up by 0.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 332 thousand shares were bought and sold for approximately $25.08 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 -5.38% during the next 3 months and, with a 90% probability hold a price between $69.59 and $75.84 at the end of this 3-month period.
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COLM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.79%. 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 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 $78.16. On a fall, the stock will find some support from the short-term average at $75.04. 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).
Support, Risk & Stop-loss for Columbia Sportswear Company stock
Columbia Sportswear Company finds support from accumulated volume at $75.47 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 $0.701 between high and low, or 0.94%. For the last week, the stock has had daily average volatility of 1.69%.
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 Friday 19th
For the upcoming trading day on Friday, 19th we expect Columbia Sportswear Company to open at $75.38, and during the day (based on 14 day Average True Range), to move between $74.00 and $77.08, which gives a possible trading interval of +/-$1.54 (+/-2.04%) up or down from last closing price. If Columbia Sportswear Company takes out the full calculated possible swing range there will be an estimated 4.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $75.47 (0.09%) than the resistance at $77.58 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Columbia Sportswear Company will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for Columbia Sportswear Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.22% in the first trading day after earnings release.
Is Columbia Sportswear Company stock A Buy?
Columbia Sportswear Company 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: -2.805 Sell Candidate Unchanged
Predicted Opening Price for Columbia Sportswear Company of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $75.38 ( 0.211%) | $75.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COLM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.08 | 0.716 % | |
| R2 | 75.81 | 0.362 % | ||
| R1 | 75.65 | 0.143 % | ||
| Current price: | 75.54 | |||
| Support | S1 | 75.11 | -0.566 % | |
| S2 | 74.95 | -0.785 % | ||
| S3 | 74.68 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.36 | 7.70 % | |
| R2 | 79.73 | 5.55 % | ||
| R1 | 77.58 | 2.70 % | ||
| Current price | 75.54 | |||
| Support | S1 | 75.47 | -0.0927% | |
| S2 | 74.80 | -0.98% | ||
| S3 | 74.21 | -1.76% |
COLM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.300 | 0.387% |
| 2 | Oct 26, 2023 | Nov 16, 2023 | Nov 30, 2023 | $0.300 | 0.383% |
| 3 | Oct 26, 2023 | Nov 15, 2023 | Nov 30, 2023 | $0.300 | 0.383% |
| 4 | Jul 21, 2023 | Aug 21, 2023 | Sep 05, 2023 | $0.300 | 0.417% |
| 5 | Apr 21, 2023 | May 17, 2023 | Jun 01, 2023 | $0.300 | 0.408% |
FAQ
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