Comfort Systems USA Inc Stock Forecast
A very strong day for Comfort Systems USA Inc stock price on Monday
(Updated on May 06, 2024)
The Comfort Systems USA Inc stock price gained 6.51% on the last trading day (Monday, 6th May 2024), rising from $315.03 to $335.54. 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 5.72% from a day low at $319.08 to a day high of $337.33. The price has risen in 7 of the last 10 days and is up by 13.65% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 179 thousand more shares were traded than the day before. In total, 503 thousand shares were bought and sold for approximately $168.78 million.
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 20.18% during the next 3 months and, with a 90% probability hold a price between $362.64 and $437.82 at the end of this 3-month period.
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FIX Signals & Forecast
The Comfort Systems USA Inc 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 $311.76 and $311.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 15.41%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Comfort Systems USA Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $314.93 and $296.77. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Comfort Systems USA Inc finds support just below today's level at $314.93. If this is broken, then the next support from accumulated volume will be at $296.77 and $279.06.
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 $18.25 (5.72%) between high and low. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: $323.26 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (FIX) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Comfort Systems USA Inc to open at $330.65, and during the day (based on 14 day Average True Range), to move between $323.78 and $347.30, which gives a possible trading interval of +/-$11.76 (+/-3.51%) 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 7.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $314.93, some $20.61 (6.14%) from the current price of $335.54, our system finds the risk reward attractive.
Is Comfort Systems USA Inc stock A Buy?
Comfort Systems USA Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Comfort Systems USA Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $330.65 ( 1.46%) | $335.54 |
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 | 348.90 | 3.98 % | |
| R2 | 341.93 | 1.90 % | ||
| R1 | 337.62 | 0.620 % | ||
| Current price: | 335.54 | |||
| Support | S1 | 323.68 | -3.54 % | |
| S2 | 319.37 | -4.82 % | ||
| S3 | 312.40 | -6.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 335.54 | |||
| Support | S1 | 314.93 | -6.14% | |
| S2 | 296.77 | -11.55% | ||
| S3 | 279.06 | -16.83% |
FIX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 10, 2024 | May 24, 2024 | $0.300 | 0.0894% |
| 2 | Mar 07, 2024 | Mar 07, 2024 | Mar 19, 2024 | $0.250 | 0.0805% |
| 3 | Oct 26, 2023 | Nov 15, 2023 | Nov 27, 2023 | $0.250 | 0.126% |
| 4 | Jul 26, 2023 | Aug 16, 2023 | Aug 28, 2023 | $0.225 | 0.124% |
| 5 | Apr 26, 2023 | May 17, 2023 | May 29, 2023 | $0.200 | 0.133% |
FAQ
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