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$35.95 (0.0557%)

Volume: 124k

Closed: Dec 07, 2021

Hollow Logo Score: -1.178

CTS Corporation Stock Forecast

$35.95 (0.0557%)

Volume: 124k

Closed: Dec 07, 2021

Score Hollow Logo -1.178
Which way will CTS go? Request
Key Stats
P/E Ratio -32.09
Beta 1.16
Trailing Dividend Rate 0.44% ($0.16)
Next Dividend Date Dec 09, 2021
* 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 35 and the stock is currently not being overbought or oversold

CTS Corporation stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Dec 07, 2021)


Sell candidate since 2021-12-07

The CTS Corporation stock price gained 0.0557% on the last trading day (Tuesday, 7th Dec 2021), rising from $35.93 to $35.95. , 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 1.88% from a day low at $35.82 to a day high of $36.49. The price has been going up and down for this period, and there has been a -5.67% loss for the last 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 124 thousand shares were bought and sold for approximately $4.47 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 wide and strong 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 22.73% during the next 3 months and, with a 90% probability hold a price between $42.26 and $48.87 at the end of this 3-month period.

Signals & Forecast

The CTS Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $35.55 and $35.88. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -5.84%. 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

CTS Corporation finds support from accumulated volume at $35.22 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 $0.67 between high and low, or 1.88%. For the last week, the stock has had a daily average volatility of 3.25%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is CTS Corporation stock A Buy?

The CTS Corporation stock holds several negative signals and despite the positive trend, we believe CTS Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -1.178

Predicted Opening Price for CTS Corporation of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$36.09 $35.95 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 12, 2021 "Canaccord Genuity" gave "$14.00 - $13.00" rating for CTS. The price target was set to $37.56+0.0%.

Volatility and Risk
Daily Average Volatility: 3.25 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.25 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $36.25
Price: $35.95
Support: $35.22

CTS Insider Trading Show all Trades

INSIDER POWER

3.750

Last 100 transactions
Buy: 693 413 | Sell: 184 924 (Shares)
Date Action Amount Person Type
Nov 08, 2021 Sell 9 400 Agrawal Ashish Common Stock
Nov 05, 2021 Sell 20 600 Agrawal Ashish Common Stock
Nov 05, 2021 Sell 32 215 O'sullivan Kieran M Common Stock
Nov 04, 2021 Sell 300 O'sullivan Kieran M Common Stock
Nov 04, 2021 Buy 3 600 Zulueta Alfonso G Common Stock
Show all Insider Trades
INSIDER POWER

3.750

Last 100 transactions
Buy: 693 413 | Sell: 184 924 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 36.76 2.25 %
36.50 1.54 %
36.34 1.09 %
Current price: 35.95
Support 35.83 -0.34 %
35.67 -0.78 %
35.41 -1.50 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 37.60 4.59 %
36.53 1.61 %
36.25 0.83 %
Current price 35.95
Support 35.22 -2.03%
32.10 -10.71%
31.58 -12.16%

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About CTS Corporation

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the transportation, communications, defense and aerospace, medical, industrial, and information technology markets. It offers automotive sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology, switches, ... Read more

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