Comfort Systems USA Inc Stock Forecast
Comfort Systems USA Inc stock price down 0.305% on Tuesday
(Updated on Jul 02, 2024)
The Comfort Systems USA Inc stock price fell by -0.305% on the last day (Tuesday, 2nd Jul 2024) from $294.76 to $293.86. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.36% from a day low at $290.30 to a day high of $297.16. The price has fallen in 6 of the last 10 days and is down by -8.7% for this period. Volume has increased on the last day by 89 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, 651 thousand shares were bought and sold for approximately $191.35 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $295.48 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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FIX Signals & Forecast
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. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $308.77 and $319.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -10.19%. 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.
Support, Risk & Stop-loss for Comfort Systems USA Inc stock
Comfort Systems USA Inc finds support from accumulated volume at $292.24 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 $6.86 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 3.96%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Comfort Systems USA Inc to open at $293.77, and during the day (based on 14 day Average True Range), to move between $280.62 and $307.10, which gives a possible trading interval of +/-$13.24 (+/-4.51%) 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 9.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $292.24 (0.55%) than the resistance at $301.00 (2.43%), 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?
Comfort Systems USA Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.445 Sell Candidate Unchanged
Predicted Opening Price for Comfort Systems USA Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$293.77 ( 0.0295%) | $293.86 |
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 | |
---|---|---|
R3 | 300.63 | 2.30% |
R2 | 298.01 | 1.41% |
R1 | 296.39 | 0.86% |
Price | 293.86 | |
S1 | 291.15 | -0.92% |
S2 | 289.53 | -1.47% |
S3 | 286.91 | -2.36% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 343.63 | 16.94% |
R2 | 304.12 | 3.49% |
R1 | 301.00 | 2.43% |
Price | 293.86 | |
S1 | 292.24 | -0.551% |
S2 | 290.73 | -1.07% |
S3 | 0 | - |
FIX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | May 10, 2024 | May 24, 2024 | $0.300 | 0.0876% |
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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