CompX International Inc Stock Forecast
CompX International Inc stock price up 0.542% on Monday
(Updated on Apr 22, 2024)
The CompX International Inc stock price gained 0.542% on the last trading day (Monday, 22nd Apr 2024), rising from $31.36 to $31.53. During the last trading day the stock fluctuated 4.96% from a day low at $31.44 to a day high of $33.00. The price has fallen in 6 of the last 10 days and is down by -12.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $230.23 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.95 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 49.22% during the next 3 months and, with a 90% probability hold a price between $46.18 and $63.67 at the end of this 3-month period.
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CIX Signals & Forecast
CompX International 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 CompX International 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 $31.62 and $32.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -16.81%. 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 CompX International Inc stock
CompX International Inc finds support from accumulated volume at $30.83 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 $1.56 between high and low, or 4.96%. For the last week, the stock has had daily average volatility of 4.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIX) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect CompX International Inc to open at $31.99, and during the day (based on 14 day Average True Range), to move between $29.51 and $33.55, which gives a possible trading interval of +/-$2.02 (+/-6.41%) up or down from last closing price. If CompX International Inc takes out the full calculated possible swing range there will be an estimated 12.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.83 (2.22%) than the resistance at $32.28 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CompX International Inc stock A Buy?
The CompX International Inc stock holds several negative signals and despite the positive trend, we believe CompX International Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.729 Sell Candidate Unchanged
Predicted Opening Price for CompX International Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $31.99 ( 1.46%) | $31.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.55 | 6.41 % | |
| R2 | 32.95 | 4.52 % | ||
| R1 | 32.59 | 3.35 % | ||
| Current price: | 31.53 | |||
| Support | S1 | 31.39 | -0.431 % | |
| S2 | 31.03 | -1.60 % | ||
| S3 | 30.43 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.00 | 14.18 % | |
| R2 | 35.51 | 12.62 % | ||
| R1 | 32.28 | 2.38 % | ||
| Current price | 31.53 | |||
| Support | S1 | 30.83 | -2.22% | |
| S2 | 29.93 | -5.07% | ||
| S3 | 24.17 | -23.34% |
CIX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 08, 2024 | Mar 19, 2024 | $0.300 | 0.85% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Dec 12, 2023 | $0.250 | 1.09% |
| 3 | Aug 01, 2023 | Aug 31, 2023 | Sep 12, 2023 | $0.250 | 1.28% |
| 4 | May 24, 2023 | Jun 02, 2023 | Jun 13, 2023 | $0.250 | 1.20% |
| 5 | Mar 01, 2023 | Mar 10, 2023 | Mar 21, 2023 | $0.250 | 1.35% |
FAQ
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