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Communications Systems Stock Forecast NASDAQ:JCS

$2.68 (-0.74%)

Volume: 54k

Closed: Dec 08, 2021

Hollow Logo Score: -5.038

Communications Systems Stock Forecast

$2.68 (-0.74%)

Volume: 54k

Closed: Dec 08, 2021

Score Hollow Logo -5.038
Which way will JCS go? Request
Key Stats
Beta 0.23
* 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 10 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Wednesday for Communications Systems
(Updated on Dec 08, 2021)


Sell candidate since 2021-10-18 Loss -47.66%

The Communications Systems stock price fell by -0.74% on the last day (Wednesday, 8th Dec 2021) from $2.70 to $2.68. and has now fallen 5 days in a row. During the day the stock fluctuated 5.32% from a day low at $2.63 to a day high of $2.77. The price has fallen in 8 of the last 10 days and is down by -17.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -81 thousand shares and in total, 54 thousand shares were bought and sold for approximately $144.71 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are few to no technical positive signals at the moment. The Communications Systems 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 $2.86 and $3.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, September 23, 2021, and so far it has fallen -73.47%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.14 between high and low, or 5.32%. For the last week the stock has had a daily average volatility of 6.09%.

Communications Systems is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is Communications Systems stock A Buy?

Communications Systems holds several negative signals and is within a very 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: -5.038

Predicted Opening Price for Communications Systems of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$2.69 $2.68 (Undervalued)
Strong Sell Candidate Unchanged

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Analyst Ratings

On Mar 03, 2021 "Northland Securities" gave "" rating for JCS. The price target was changed from $8.00 to $12.00.

Volatility and Risk
Daily Average Volatility: 6.09 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.09 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.70
Price: $2.68
No Support Found

JCS Insider Trading Show all Trades

INSIDER POWER

1.057

Last 100 transactions
Buy: 703 427 | Sell: 665 346 (Shares)
Date Action Amount Person Type
Aug 02, 2021 Buy 10 493 Kumar Anita Common Stock
Aug 02, 2021 Sell 9 071 Kumar Anita Common Stock
Aug 02, 2021 Buy 25 000 Kumar Anita Common Stock
Aug 02, 2021 Sell 19 805 Kumar Anita Common Stock
Aug 02, 2021 Buy 1 992 Kumar Anita Common Stock
Show all Insider Trades
INSIDER POWER

1.057

Last 100 transactions
Buy: 703 427 | Sell: 665 346 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.83 5.72 %
2.78 3.73 %
2.75 2.49 %
Current price: 2.68
Support 2.64 -1.50 %
2.61 -2.73 %
2.55 -4.73 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.28 22.39 %
3.17 18.28 %
2.70 0.75 %
Current price 2.68
Support 0 .
0 .
0 .

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About Communications Systems

Communications Systems, Inc., together with its subsidiaries, manufactures and sells connectivity infrastructure products, core media and rate conversion products, and IT solutions primarily in North America, Europe, the Middle East, and Africa. The company operates in three segments: Suttle, Transition Networks, and JDL Technologies. The Suttle segment provides wired and wireless gigabit connectivity for home and small office structured distribu... Read more

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