RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CAMP
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CalAmp Corp. stock downgraded to Buy Candidate
(Updated on Mar 28, 2024)

Buy candidate since Mar 21, 2024 Gain 7.64% PDF

The CalAmp Corp. stock price fell by -2.99% on the last day (Thursday, 28th Mar 2024) from $3.34 to $3.24. During the last trading day the stock fluctuated 4.69% from a day low at $3.24 to a day high of $3.39. The price has been going up and down for this period, and there has been a 8% gain for the last 2 weeks. 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 -3 thousand shares and in total, 13 thousand shares were bought and sold for approximately $42.99 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 211.31% during the next 3 months and, with a 90% probability hold a price between $8.07 and $17.47 at the end of this 3-month period.

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CAMP Signals & Forecast

The CalAmp Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.12 and $2.99. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -14.74%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for CalAmp Corp. stock

CalAmp Corp. finds support from accumulated volume at $3.11 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.152 between high and low, or 4.69%. For the last week the stock has had daily average volatility of 8.38%.

Our recommended stop-loss: $3.06 (-5.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (CAMP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CalAmp Corp. to open at $3.29, and during the day (based on 14 day Average True Range), to move between $2.94 and $3.54, which gives a possible trading interval of +/-$0.296 (+/-9.14%) up or down from last closing price. If CalAmp Corp. takes out the full calculated possible swing range there will be an estimated 18.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.29 (1.54%) than the support at $3.11 (4.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is CalAmp Corp. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CalAmp Corp. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.361 Buy Candidate Downgraded

Predicted Opening Price for CalAmp Corp. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.29 ( 1.56%) $3.24

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

Trading levels for CAMP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.44 6.25 %
R2 3.38 4.46 %
R1 3.35 3.35 %
Current price: 3.24
Support S1 3.23 -0.228 %
S2 3.20 -1.33 %
S3 3.14 -3.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.80 17.28 %
R2 3.62 11.73 %
R1 3.29 1.54 %
Current price 3.24
Support S1 3.11 -4.01%
S2 2.89 -10.80%
S3 2.76 -14.81%

FAQ

What is the symbol for CalAmp Corp. Stock and on which exchange is it traded?
The symbol for CalAmp Corp. is CAMP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CalAmp Corp. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CalAmp Corp. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy CalAmp Corp. Stock?
CalAmp Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CalAmp Corp. Stock.

What's the current price of CalAmp Corp. Stock?
As of the end of day on the 2024-03-28, the price of an CalAmp Corp. (CAMP) share was $3.24.

What is the 52-week high and low for CalAmp Corp. Stock?
The 52-week high for CalAmp Corp. Stock is $4.40 and the 52-week low is $0.135.

What is the market capitalization of CalAmp Corp. Stock?
As of the 2024-03-28, the market capitalization of CalAmp Corp. is 5.353M.

When is the next earnings date for CalAmp Corp.?
The upcoming earnings date for CalAmp Corp. is Apr 25, 2024.
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About CalAmp Corp.

CalAmp . CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products. It provides CalAmp Telematics Cloud platform, such as cloud-based application enablement and telematics service plat... CAMP Profile

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