CPI Card Group Inc. Stock Forecast
A very strong day for CPI Card Group Inc. stock price on Friday
(Updated on Apr 26, 2024)
The CPI Card Group Inc. stock price gained 6.16% on the last trading day (Friday, 26th Apr 2024), rising from $16.72 to $17.75. During the last trading day the stock fluctuated 5.27% from a day low at $16.86 to a day high of $17.75. The price has fallen in 6 of the last 10 days and is down by -1.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $186.61 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 -7.29% during the next 3 months and, with a 90% probability hold a price between $13.14 and $18.24 at the end of this 3-month period.
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PMTS Signals & Forecast
The CPI Card Group Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $17.31 and $17.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 6.93%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CPI Card Group Inc. stock
CPI Card Group Inc. finds support from accumulated volume at $17.50 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 $0.89 between high and low, or 5.27%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: $17.00 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (PMTS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CPI Card Group Inc. to open at $17.45, and during the day (based on 14 day Average True Range), to move between $16.79 and $18.71, which gives a possible trading interval of +/-$0.96 (+/-5.40%) up or down from last closing price. If CPI Card Group Inc. takes out the full calculated possible swing range there will be an estimated 10.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.50 (1.41%) than the resistance at $18.01 (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CPI Card Group Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.106 Buy Candidate Upgraded
Predicted Opening Price for CPI Card Group Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $17.45 ( 1.67%) | $17.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PMTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.34 | 3.34 % | |
| R2 | 18.00 | 1.43 % | ||
| R1 | 17.79 | 0.244 % | ||
| Current price: | 17.75 | |||
| Support | S1 | 17.11 | -3.58 % | |
| S2 | 16.90 | -4.76 % | ||
| S3 | 16.56 | -6.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.53 | 4.39 % | |
| R2 | 18.26 | 2.87 % | ||
| R1 | 18.01 | 1.46 % | ||
| Current price | 17.75 | |||
| Support | S1 | 17.50 | -1.41% | |
| S2 | 16.88 | -4.90% | ||
| S3 | 15.97 | -10.03% |
PMTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2017 | Jun 14, 2017 | Dec 20, 2017 | $0.225 | 6.54% |
| 2 | Mar 01, 2017 | Mar 15, 2017 | Apr 07, 2017 | $0.225 | 1.14% |
| 3 | Nov 09, 2016 | Dec 14, 2016 | Jan 12, 2017 | $0.225 | 1.03% |
| 4 | Aug 10, 2016 | Sep 14, 2016 | Oct 07, 2016 | $0.225 | 0.733% |
| 5 | May 11, 2016 | Jun 14, 2016 | Jul 07, 2016 | $0.225 | 0.93% |
FAQ
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