CTS Corporation Stock Forecast
CTS Corporation stock downgraded to Buy Candidate
(Updated on Mar 28, 2024)
The CTS Corporation stock price fell by -0.256% on the last day (Thursday, 28th Mar 2024) from $46.91 to $46.79. During the last trading day the stock fluctuated 1.44% from a day low at $46.59 to a day high of $47.26. The price has been going up and down for this period, and there has been a 4.86% gain for the last 2 weeks. Volume has increased on the last day by 60 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 149 thousand shares were bought and sold for approximately $6.98 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.70% during the next 3 months and, with a 90% probability hold a price between $47.32 and $53.06 at the end of this 3-month period.
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CTS Signals & Forecast
The CTS Corporation 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 $45.90 and $45.03. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.256%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, February 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, August 18, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, February 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, August 18, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, February 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, August 18, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CTS Corporation stock
CTS Corporation finds support from accumulated volume at $45.91 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 $0.670 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: $45.49 (-2.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CTS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect CTS Corporation to open at $46.88, and during the day (based on 14 day Average True Range), to move between $45.74 and $47.84, which gives a possible trading interval of +/-$1.05 (+/-2.24%) up or down from last closing price. If CTS Corporation takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.91 (0.26%) than the support at $45.91 (1.88%), 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 CTS Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CTS Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.778 Buy Candidate Downgraded
Predicted Opening Price for CTS Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$46.88 ( 0.192%) | $46.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.55 | 1.62 % | |
R2 | 47.29 | 1.08 % | ||
R1 | 47.14 | 0.739 % | ||
Current price: | 46.79 | |||
Support | S1 | 46.62 | -0.355 % | |
S2 | 46.47 | -0.693 % | ||
S3 | 46.21 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 46.91 | 0.256 % | ||
Current price | 46.79 | |||
Support | S1 | 45.91 | -1.88% | |
S2 | 42.71 | -8.72% | ||
S3 | 42.39 | -9.40% |
CTS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.0400 | 0.0855% |
2 | Nov 03, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.0400 | 0.0958% |
3 | Aug 17, 2023 | Sep 28, 2023 | Oct 27, 2023 | $0.0400 | 0.109% |
4 | May 11, 2023 | Jun 29, 2023 | Jul 28, 2023 | $0.0400 | 0.0939% |
5 | Feb 09, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.0400 | 0.102% |
FAQ
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