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$9.03 (2.61%)

Volume: 7k

Closed: Nov 26, 2021

Hollow Logo Score: 0.961

CSP Inc. Stock Forecast

$9.03 (2.61%)

Volume: 7k

Closed: Nov 26, 2021

Score Hollow Logo 0.961
Which way will CSPI go? Request
Stop-loss: $8.69 (-3.80%)
* 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 57 and the stock is currently not being overbought or oversold

Evaluation of CSP Inc. stock downgraded after the last trading session.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-22 Gain 1.54%

The CSP Inc. stock price gained 2.61% on the last trading day (Friday, 26th Nov 2021), rising from $8.80 to $9.03. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.39% from a day low at $8.65 to a day high of $9.03. The price has fallen in 6 of the last 10 days, but is still up by 4.03% over the past 2 weeks. Volume fell on the last day by -690 shares and in total, 7 thousand shares were bought and sold for approximately $63.22 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 the upper part of a 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 $9.23 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 -5.35% during the next 3 months and, with a 90% probability hold a price between $7.75 and $8.73 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

The CSP Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.80 and $8.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, November 19, 2021, and so far it has risen 4.88%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Thursday, October 28, 2021 and based on theory for this formation the price should go up by 2.35% to $9.24 within 19 trading days since signal was issued (Wednesday, November 24, 2021).

Support, Risk & Stop-loss

CSP Inc. finds support from accumulated volume at $8.93 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 $0.38 between high and low, or 4.39%. For the last week the stock has had a daily average volatility of 4.16%.

Our recommended stop-loss: $8.69 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Is CSP Inc. stock A Buy?

CSP Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.961

Predicted Opening Price for CSP Inc. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$8.90 $9.03 (Overvalued)
Hold/Accumulate Downgraded

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Volatility and Risk
Daily Average Volatility: 4.16 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.16 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $9.25
Price: $9.03
Support: $8.93

CSPI Insider Trading Show all Trades

INSIDER POWER

5.046

Last 100 transactions
Buy: 430 065 | Sell: 85 235 (Shares)
Date Action Amount Person Type
Jun 09, 2021 Sell 2 000 James C Shelton Common Stock
May 18, 2021 Sell 1 500 Newbanks Mike Common Stock
May 18, 2021 Sell 1 398 Levine Gary W Common Stock
May 17, 2021 Sell 1 602 Levine Gary W Common Stock
Feb 17, 2021 Sell 6 264 Dellovo Victor Common Stock
Show all Insider Trades
INSIDER POWER

5.046

Last 100 transactions
Buy: 430 065 | Sell: 85 235 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.28 2.81 %
9.14 1.20 %
9.05 0.20 %
Current price: 9.03
Support 8.76 -3.01 %
8.67 -4.00 %
8.52 -5.61 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 9.31 3.15 %
9.30 2.99 %
9.25 2.44 %
Current price 9.03
Support 8.93 -1.09%
8.89 -1.51%
8.61 -4.65%

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About CSP Inc.

CSP CSP Inc., together with its subsidiaries, develops and markets IT integration solutions and cluster computer systems to commercial and defense customers in the Americas, Europe, and Asia. The company’s High Performance Products segment offers computing systems for digital signal processing applications in the defense market; Ethernet adapters and application software for various applications in packet capture, financial transaction, broadcast vi... Read more

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