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Weaker Hold
Today CONN ranks #11471 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$20.44 (-8.55%)

Volume: 987k

Closed: Dec 08, 2021

Hollow Logo Score: -5.426

Conn Stock Forecast

$20.44 (-8.55%)

Volume: 987k

Closed: Dec 08, 2021

Score Hollow Logo -5.426
Which way will CONN go? Request
Key Stats
P/E Ratio 5.74
Beta 1.74
* 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 33 and the stock is currently not being overbought or oversold

High volatility in Conn stock price on Wednesday which ended trading at $20.44
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-07 Loss -8.55%

The Conn stock price fell by -8.55% on the last day (Wednesday, 8th Dec 2021) from $22.35 to $20.44. During the day the stock fluctuated 10.42% from a day low at $20.34 to a day high of $22.46. The price has fallen in 7 of the last 10 days and is down by -14.44% for this period. Volume has increased on the last day by 192 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, 987 thousand shares were bought and sold for approximately $20.17 million.

The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $21.45 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

Signals & Forecast

There are few to no technical positive signals at the moment. The Conn 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 $21.81 and $23.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -20.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

Support, Risk & Stop-loss

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.

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 $2.12 between high and low, or 10.42%. For the last week, the stock has had a daily average volatility of 8.04%.

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

Is Conn stock A Buy?

Conn holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.426

Predicted Opening Price for Conn of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$21.08 $20.44 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

Stifel Nicolaus does not see either upside or downside right now giving CONN "Hold" on their last update on Jun 11, 2020. The price target was changed from $4.50 to $9.00.

Volatility and Risk
Daily Average Volatility: 8.04 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.04 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $22.35
Price: $20.44
No Support Found

CONN Insider Trading Show all Trades

INSIDER POWER

1.112

Last 100 transactions
Buy: 316 338 | Sell: 284 453 (Shares)
Date Action Amount Person Type
Nov 19, 2021 Sell 181 Nelson Ryan Robert Common Stock
Sep 07, 2021 Sell 15 041 Miller Norman Common Stock
Sep 02, 2021 Sell 52 949 Miller Norman Common Stock
Aug 09, 2021 Buy 84 962 Holt Chandra R Performance Stock Units
Aug 09, 2021 Buy 30 726 Holt Chandra R Performance Stock Units
Show all Insider Trades
INSIDER POWER

1.112

Last 100 transactions
Buy: 316 338 | Sell: 284 453 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 23.20 13.50 %
22.39 9.54 %
21.89 7.09 %
Current price: 20.44
Support 20.27 -0.83 %
19.77 -3.28 %
18.96 -7.24 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 23.37 14.33 %
22.81 11.59 %
22.35 9.34 %
Current price 20.44
Support 0 .
0 .
0 .

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About Conn

Conn Conn's, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through Retail and Credit segments. The company’s stores provide home appliances comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses;... Read more

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