CPI Card Group Inc. Stock Forecast
CPI Card Group Inc. stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The CPI Card Group Inc. stock price gained 1.86% on the last trading day (Wednesday, 1st May 2024), rising from $17.25 to $17.57. During the last trading day the stock fluctuated 3.15% from a day low at $17.16 to a day high of $17.70. The price has been going up and down for this period, and there has been a -2.66% loss for the last 2 weeks. 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, 19 thousand shares were bought and sold for approximately $332.28 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 -7.49% during the next 3 months and, with a 90% probability hold a price between $13.01 and $18.09 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 $17.35 and $17.54. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.73%. 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).
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 $0.540 between high and low, or 3.15%. For the last week, the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: $16.61 (-5.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PMTS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect CPI Card Group Inc. to open at $17.48, and during the day (based on 14 day Average True Range), to move between $16.66 and $18.48, which gives a possible trading interval of +/-$0.91 (+/-5.15%) 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 10.31% 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 (0.40%) than the resistance at $18.01 (2.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CPI Card Group Inc. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.330. We will update the financials statements for CPI Card Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 21.88% in the first trading day after earnings release.
Is CPI Card Group Inc. stock A Buy?
CPI Card Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.112 Hold/Accumulate Upgraded
Predicted Opening Price for CPI Card Group Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $17.48 ( 0.531%) | $17.57 |
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 | 18.02 | 2.54 % | |
| R2 | 17.81 | 1.37 % | ||
| R1 | 17.68 | 0.643 % | ||
| Current price: | 17.57 | |||
| Support | S1 | 17.27 | -1.71 % | |
| S2 | 17.14 | -2.43 % | ||
| S3 | 16.94 | -3.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.53 | 5.46 % | |
| R2 | 18.26 | 3.93 % | ||
| R1 | 18.01 | 2.50 % | ||
| Current price | 17.57 | |||
| Support | S1 | 17.50 | -0.398% | |
| S2 | 16.88 | -3.93% | ||
| S3 | 15.97 | -9.11% |
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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