Constellation Software Inc. Stock Forecast
Constellation Software Inc. stock price up 2.64% on Friday
(Updated on May 03, 2024)
The Constellation Software Inc. stock price gained 2.64% on the last trading day (Friday, 3rd May 2024), rising from $3,544.54 to $3,638.01. During the last trading day the stock fluctuated 2.81% from a day low at $3,539.96 to a day high of $3,639.30. The price has fallen in 6 of the last 10 days and is down by -0.65% for this period. Volume fell on the last day by -18 thousand shares and in total, 15 thousand shares were bought and sold for approximately $54.01 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 middle of a 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 -2.60% during the next 3 months and, with a 90% probability hold a price between $3,422.67 and $3,684.81 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.
CSU.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.64%. 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). 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 Constellation Software Inc. 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 $3,666.12. On a fall, the stock will find some support from the short-term average at $3,606.52. 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.
A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should go up by 3.23% to $3,755.69 within 18 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Constellation Software Inc. stock
Constellation Software Inc. finds support from accumulated volume at $3,602.75 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $99.34 between high and low, or 2.81%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSU.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Constellation Software Inc. to open at $3,605.76, and during the day (based on 14 day Average True Range), to move between $3,555.72 and $3,720.30, which gives a possible trading interval of +/-$82.29 (+/-2.26%) up or down from last closing price. If Constellation Software Inc. takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3,602.75 (0.97%) than the resistance at $3,722.93 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Constellation Software Inc. will release earnings AMC on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $24.18. We will update the financials statements for Constellation Software Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.84% in the first trading day after earnings release.
Is Constellation Software Inc. stock A Buy?
Constellation Software Inc. 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: -1.672 Sell Candidate Unchanged
Predicted Opening Price for Constellation Software Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3,605.76 ( 0.89%) | $3,638.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSU.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,705.10 | 1.84 % | |
| R2 | 3,667.15 | 0.80 % | ||
| R1 | 3,643.70 | 0.157 % | ||
| Current price: | 3,638.01 | |||
| Support | S1 | 3,567.81 | -1.93 % | |
| S2 | 3,544.36 | -2.57 % | ||
| S3 | 3,506.42 | -3.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,778.39 | 3.86 % | |
| R2 | 3,750.81 | 3.10 % | ||
| R1 | 3,722.93 | 2.33 % | ||
| Current price | 3,638.01 | |||
| Support | S1 | 3,602.75 | -0.97% | |
| S2 | 3,591.64 | -1.27% | ||
| S3 | 3,544.54 | -2.57% |
CSU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 27, 2024 | Apr 15, 2024 | $1.35 | 0.0375% |
| 2 | Nov 09, 2023 | Dec 19, 2023 | Jan 11, 2024 | $1.39 | 0.0398% |
| 3 | Aug 11, 2023 | Sep 19, 2023 | Oct 11, 2023 | $1.33 | 0.0462% |
| 4 | Jun 19, 2023 | Jun 19, 2023 | Jul 11, 2023 | $1.32 | 0.0503% |
| 5 | Mar 29, 2023 | Apr 05, 2023 | Apr 14, 2023 | $1.35 | 0.0507% |
FAQ
Click here for our free guide on how to buy Constellation Software Inc. Stock.
