High volatility in CPS Technologies Corp. stock price on Wednesday which ended trading at $3.75
(Updated on Dec 08, 2021)

The CPS Technologies Corp. stock price gained 8.07% on the last trading day (Wednesday, 8th Dec 2021), rising from $3.47 to $3.75. During the day the stock fluctuated 13.01% from a day low at $3.38 to a day high of $3.82. The price has fallen in 7 of the last 10 days and is down by -8.98% for this period. Volume fell on the last day by -32 thousand shares and in total, 114 thousand shares were bought and sold for approximately $425.69 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and 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 -24.25% during the next 3 months and, with a 90% probability hold a price between $2.36 and $3.92 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The CPS Technologies Corp. 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 $4.54. On a fall, the stock will find some support from the short-term average at $3.51. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 17.55%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $3.50 and $3.40. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CPS Technologies Corp. finds support just below today's level at $3.50. If this is broken, then the next support from accumulated volume will be at $3.40 and $3.19.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.44 between high and low, or 13.01%. For the last week the stock has had a daily average volatility of 12.13%.

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

Is CPS Technologies Corp. stock A Buy?

CPS Technologies Corp. 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: -4.287

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