Comfort Systems USA Inc Stock Forecast
Red day on Monday for Comfort Systems USA Inc
(Updated on Apr 15, 2024)
The Comfort Systems USA Inc stock price fell by -1.17% on the last day (Monday, 15th Apr 2024) from $307.58 to $303.99. During the last trading day the stock fluctuated 4.69% from a day low at $299.92 to a day high of $314.00. The price has fallen in 7 of the last 10 days and is down by -4.85% for this period. Volume has increased on the last day by 8 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, 236 thousand shares were bought and sold for approximately $71.72 million.
Given the current short-term trend, the stock is expected to rise 65.94% during the next 3 months and, with a 90% probability hold a price between $504.44 and $578.31 at the end of this 3-month period.
FIX Signals & Forecast
There are few to no technical positive signals at the moment. The Comfort Systems USA Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $311.02 and $310.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -6.00%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Comfort Systems USA Inc stock
Comfort Systems USA Inc finds support from accumulated volume at $302.03 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 $14.08 (4.69%) between high and low. For the last week, the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FIX) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Comfort Systems USA Inc to open at $305.97, and during the day (based on 14 day Average True Range), to move between $294.28 and $313.70, which gives a possible trading interval of +/-$9.71 (+/-3.19%) up or down from last closing price. If Comfort Systems USA Inc takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $302.03 (0.64%) than the resistance at $314.43 (3.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Comfort Systems USA Inc stock A Buy?
The Comfort Systems USA Inc stock holds several negative signals and despite the positive trend, we believe Comfort Systems USA Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.404 Sell Candidate Unchanged
Predicted Opening Price for Comfort Systems USA Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $305.97 ( 0.651%) | $303.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 320.05 | 5.28 % | |
| R2 | 314.67 | 3.51 % | ||
| R1 | 311.35 | 2.42 % | ||
| Current price: | 303.99 | |||
| Support | S1 | 300.59 | -1.12 % | |
| S2 | 297.27 | -2.21 % | ||
| S3 | 291.89 | -3.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 320.20 | 5.33 % | |
| R2 | 314.93 | 3.60 % | ||
| R1 | 314.43 | 3.43 % | ||
| Current price | 303.99 | |||
| Support | S1 | 302.03 | -0.645% | |
| S2 | 296.77 | -2.38% | ||
| S3 | 279.06 | -8.20% |
FIX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 19, 2024 | $0.250 | 0.0805% |
| 2 | Oct 26, 2023 | Nov 15, 2023 | Nov 27, 2023 | $0.250 | 0.126% |
| 3 | Jul 26, 2023 | Aug 16, 2023 | Aug 28, 2023 | $0.225 | 0.124% |
| 4 | Apr 26, 2023 | May 17, 2023 | May 29, 2023 | $0.200 | 0.133% |
| 5 | Feb 22, 2023 | Mar 09, 2023 | Mar 21, 2023 | $0.175 | 0.124% |
FAQ
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