CTS Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
CTS Corporation stock price ended at $45.49 on Tuesday, after gaining 3.93%.
(Updated on Apr 23, 2024)
The CTS Corporation stock price gained 3.93% on the last trading day (Tuesday, 23rd Apr 2024), rising from $43.77 to $45.49. It 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 last trading day the stock fluctuated 4.09% from a day low at $43.72 to a day high of $45.51. The price has fallen in 6 of the last 10 days and is down by -2.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 112 thousand shares were bought and sold for approximately $5.10 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 5.21% during the next 3 months and, with a 90% probability hold a price between $45.47 and $50.08 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, 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 $44.20 and $45.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.55%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $44.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.79 (4.09%) between high and low. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: $43.65 (-4.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (CTS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect CTS Corporation to open at $44.91, and during the day (based on 14 day Average True Range), to move between $44.37 and $46.61, which gives a possible trading interval of +/-$1.12 (+/-2.46%) up or down from last closing price. If CTS Corporation takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.74 (0.55%) than the support at $44.74 (1.65%), 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.
Earnings coming up
CTS Corporation will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for CTS Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.26% in the first trading day after earnings release.
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.
Current score: 1.792 Buy Candidate Unchanged
Predicted Opening Price for CTS Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $44.91 ( 1.28%) | $45.49 |
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 | 46.70 | 2.65 % | |
| R2 | 46.01 | 1.15 % | ||
| R1 | 45.59 | 0.221 % | ||
| Current price: | 45.49 | |||
| Support | S1 | 44.22 | -2.79 % | |
| S2 | 43.80 | -3.71 % | ||
| S3 | 43.12 | -5.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.76 | 2.79 % | |
| R2 | 45.91 | 0.92 % | ||
| R1 | 45.74 | 0.550 % | ||
| Current price | 45.49 | |||
| Support | S1 | 44.74 | -1.65% | |
| S2 | 44.13 | -2.99% | ||
| S3 | 42.71 | -6.11% |
CTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.0400 | 0.0879% |
| 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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