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CommScope Holding Company Stock Forecast NASDAQ:COMM

$10.08 (-0.98%)

Volume: 3M

Closed: Dec 03, 2021

Hollow Logo Score: -2.237

CommScope Holding Company Stock Forecast

$10.08 (-0.98%)

Volume: 3M

Closed: Dec 03, 2021

Score Hollow Logo -2.237
Which way will COMM go? Request
Key Stats
P/E Ratio -5.04
Beta 1.27
* 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 49 and the stock is currently not being overbought or oversold

Red day on Friday for CommScope Holding Company stock after losing 0.98%
(Updated on Dec 03, 2021)

Sell candidate since 2021-11-30 Gain 1.20%

The CommScope Holding Company stock price fell by -0.98% on the last day (Friday, 3rd Dec 2021) from $10.18 to $10.08. During the day the stock fluctuated 4.71% from a day low at $9.98 to a day high of $10.45. The price has been going up and down for this period, and there has been a 0.4% gain for the last 2 weeks. Volume has increased on the last day by 643 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, 3 million shares were bought and sold for approximately $29.93 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.26 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -35.00% during the next 3 months and, with a 90% probability hold a price between $5.20 and $6.67 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, November 10, 2021, and so far it has risen 7.01%. Further rise is indicated until a new top pivot has been found. 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 CommScope Holding 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 $10.28 and $10.62. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

CommScope Holding Company finds support from accumulated volume at $9.81 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 $0.47 between high and low, or 4.71%. For the last week, the stock has had a daily average volatility of 4.59%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is CommScope Holding Company stock A Buy?

CommScope Holding Company holds several negative signals and is within a very wide and 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: -2.237

Predicted Opening Price for CommScope Holding Company of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$10.17 $10.08 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 09, 2021 "Deutsche Bank Aktiengesellschaft" gave "$18.00 - $14.00" rating for COMM. The price target was changed from $9.62 to 1.9%.

Volatility and Risk
Daily Average Volatility: 4.59 %
Overall Risk: Very High High Medium Low Very Low
4.59 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $10.79
Price: $10.08
Support: $9.81

COMM Insider Trading Show all Trades



Last 100 transactions
Buy: 4 554 791 | Sell: 2 266 681 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 16 000 Carlson John R. Performance Share Units
Dec 01, 2021 Sell 12 843 Carlson John R. Common Stock
Dec 01, 2021 Buy 16 000 Carlson John R. Common Stock
Dec 01, 2021 Buy 17 500 Lorentzen Kyle David Common Stock
Nov 22, 2021 Buy 5 000 Watts Claudius E. Iv Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 4 554 791 | Sell: 2 266 681 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.64 5.56 %
10.46 3.77 %
10.35 2.67 %
Current price: 10.08
Support 9.99 -0.89 %
9.88 -1.99 %
9.70 -3.77 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 12.34 22.42 %
11.84 17.46 %
10.79 7.04 %
Current price 10.08
Support 9.81 -2.68%
9.71 -3.67%
9.42 -6.55%

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About CommScope Holding Company

CommScope Holding Company CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company’s Wireless segment offers macro cell site solutions for wireless tower sites and on rooftops, including base station antennas, microwave antennas, hybrid fiber-feeder and power cables, coaxial cables, connectors, and filters; metro cell solutions for outdoors on street poles and on other urban structures comprising radio frequency... Read more

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