Which way will CPSI go? Request
Stop-loss: $29.81 (-5.59%)
Key Stats
P/E Ratio 33.67
Beta 0.58
Trailing Dividend Rate 0.31% ($0.10)
* 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 43 and the stock is currently not being overbought or oversold

Computer Programs and Systems stock price down 0.66% on Friday (Updated on July 30, 2021)

Buy candidate since 2021-07-28 Gain 0.25%

The Computer Programs and Systems stock price fell by -0.66% on the last day (Friday, 30th Jul 2021) from $31.78 to $31.57. During the day the stock fluctuated 2.60% from a day low at $31.35 to a day high of $32.17. The price has risen in 6 of the last 10 days and is up by 0.73% over the past 2 weeks. 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, 37 thousand shares were bought and sold for approximately $1.16 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $30.98 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Computer Programs and Systems stock with a 90% probability to be traded between $31.21 and $34.48 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, July 22, 2021, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months 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 Computer Programs and Systems 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 $32.39. On a fall, the stock will find some support from the short-term average at $31.31. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Computer Programs and Systems finds support from accumulated volume at $31.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.81 between high and low, or 2.60%. For the last week the stock has had a daily average volatility of 2.61%.

Our recommended stop-loss: $29.81 (-5.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Is Computer Programs and Systems stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Computer Programs and Systems stock to perform well in the short-term period.

Current score: 1.312

Predicted Opening Price for Computer Programs and Systems of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$31.70 $31.57 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

SVB Leerink is very positive about CPSI and gave it a "Buy" rating on May 18, 2021. The price target was set to $37.00.

2.61 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $32.14
Price: $31.57
Support: $31.49

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 32.51 2.98 %
32.20 1.99 %
32.01 1.38 %
Current price: 31.57
Support 31.38 -0.59 %
31.19 -1.20 %
30.88 -2.19 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 33.44 5.92 %
32.96 4.40 %
32.14 1.81 %
Current price 31.57
Support 31.49 -0.25%
31.00 -1.81%
30.25 -4.18%

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About Computer Programs and Systems

Computer Programs and Systems Computer Programs and Systems, Inc. provides healthcare information technology solutions and services for rural and community hospitals, and post-acute care facilities in the United States. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, and to collect and maintain patient information throughout the process of patient care; and financial ac... Read more

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