Com Resources Inc Stock Forecast
Green day on Tuesday for Com Resources Inc stock after gaining 3.23%
(Updated on Jul 02, 2024)
The Com Resources Inc stock price gained 3.23% on the last trading day (Tuesday, 2nd Jul 2024), rising from $10.23 to $10.56. During the last trading day the stock fluctuated 3.52% from a day low at $10.23 to a day high of $10.59. The price has fallen in 7 of the last 10 days and is down by -3.56% for this period. Volume fell on the last day by -73 thousand shares and in total, 2 million shares were bought and sold for approximately $18.24 million. 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.01% during the next 3 months and, with a 90% probability hold a price between $12.42 and $15.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CRK Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Com Resources Inc 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 $10.71 and $11.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -13.16%. 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).
Support, Risk & Stop-loss for Com Resources Inc stock
Com Resources Inc finds support from accumulated volume at $10.30 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 $0.360 between high and low, or 3.52%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Comstock Resources Inc to open at $10.46, and during the day (based on 14 day Average True Range), to move between $10.15 and $10.97, which gives a possible trading interval of +/-$0.412 (+/-3.90%) up or down from last closing price. If Comstock Resources Inc takes out the full calculated possible swing range there will be an estimated 7.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.68 (1.14%) than the support at $10.30 (2.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Comstock Resources Inc stock A Buy?
The Com Resources Inc stock holds several negative signals and despite the positive trend, we believe Com Resources Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.752 Sell Candidate Unchanged
Predicted Opening Price for Comstock Resources Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $10.46 ( 0.95%) | $10.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.82 | 2.46% |
| R2 | 10.68 | 1.16% |
| R1 | 10.60 | 0.355% |
| Price | 10.56 | |
| S1 | 10.32 | -2.25% |
| S2 | 10.24 | -3.05% |
| S3 | 10.10 | -4.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.79 | 2.18% |
| R2 | 10.73 | 1.61% |
| R1 | 10.68 | 1.14% |
| Price | 10.56 | |
| S1 | 10.30 | -2.46% |
| S2 | 10.15 | -3.88% |
| S3 | 9.78 | -7.39% |
CRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.125 | 1.40% |
| 2 | Jul 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.125 | 1.08% |
| 3 | May 01, 2023 | May 31, 2023 | Jun 15, 2023 | $0.125 | 1.17% |
| 4 | Feb 13, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.125 | 1.22% |
| 5 | Nov 01, 2022 | Nov 30, 2022 | Dec 15, 2022 | $0.125 | 0.796% |
FAQ
Click here for our free guide on how to buy Comstock Resources Inc Stock.
