High volatility in CPI Card Group Inc. stock price on Friday which ended trading at $19.97
(Updated on Dec 03, 2021)

The CPI Card Group Inc. stock price gained 2.78% on the last trading day (Friday, 3rd Dec 2021), rising from $19.43 to $19.97. During the day the stock fluctuated 12.99% from a day low at $18.07 to a day high of $20.42. The price has fallen in 8 of the last 10 days and is down by -19.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $678.46 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. Given the current short-term trend, the stock is expected to fall -34.80% during the next 3 months and, with a 90% probability hold a price between $11.47 and $17.76 at the end of this 3-month period. 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

A buy signal was issued from a pivot bottom point on Thursday, December 02, 2021, and so far it has risen 2.78%. Further rise is indicated until a new top pivot has been found. CPI Card Group Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CPI Card Group 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 $20.83 and $24.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

CPI Card Group Inc. finds support from accumulated volume at $19.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.35 between high and low, or 12.99%. For the last week, the stock has had a daily average volatility of 9.69%.

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

Is CPI Card Group Inc. stock A Buy?

CPI Card Group Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.430

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