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 CMCM
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Volatile ride for Cheetah Mobile Inc stock price on Thursday moving between $2.63 and $3.33
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 28.09% PDF

The Cheetah Mobile Inc stock price gained 12.31% on the last trading day (Thursday, 28th Mar 2024), rising from $2.68 to $3.01. During the last trading day the stock fluctuated 26.45% from a day low at $2.63 to a day high of $3.33. The price has fallen in 6 of the last 10 days but is still up by 20.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 106 thousand more shares were traded than the day before. In total, 149 thousand shares were bought and sold for approximately $449.04 thousand.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $2.79, a level that may pose a second chance to hit a runner. According to fan-theory $3.26 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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CMCM Signals & Forecast

The Cheetah Mobile Inc 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 $2.54 and $2.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 31.44%. Further rise is indicated until a new top pivot has been found. Cheetah Mobile 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 Cheetah Mobile Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.70 and $2.64. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cheetah Mobile Inc finds support just below today's level at $2.70. If this is broken, then the next support from accumulated volume will be at $2.64 and $2.49.

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 $0.697 between high and low, or 26.45%. For the last week, the stock has had daily average volatility of 11.33%.

Our recommended stop-loss: $2.90 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Cheetah Mobile Inc to open at $2.99, and during the day (based on 14 day Average True Range), to move between $2.84 and $3.18, which gives a possible trading interval of +/-$0.174 (+/-5.78%) up or down from last closing price. If Cheetah Mobile Inc takes out the full calculated possible swing range there will be an estimated 11.56% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $2.70, some $0.310 (10.30%) from the current price of $3.01, our system finds the risk reward attractive.

Is Cheetah Mobile Inc stock A Buy?

Cheetah Mobile 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Cheetah Mobile Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.99 ( 0.626%) $3.01

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

Trading levels for CMCM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.69 22.51 %
R2 3.42 13.67 %
R1 3.26 8.21 %
Current price: 3.01
Support S1 2.73 -9.46 %
S2 2.56 -14.93 %
S3 2.29 -23.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3.01
Support S1 2.70 -10.30%
S2 2.64 -12.29%
S3 2.49 -17.28%

CMCM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 26, 2020 Jun 22, 2020 Jul 09, 2020 $7.20 62.61%
2 Aug 28, 2019 Sep 12, 2019 Sep 30, 2019 $2.50 13.97%

FAQ

What is the symbol for Cheetah Mobile Inc Stock and on which exchange is it traded?
The symbol for Cheetah Mobile Inc is CMCM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Cheetah Mobile Inc Stock?
Cheetah Mobile 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of Cheetah Mobile Inc Stock?
As of the end of day on the 2024-03-28, the price of an Cheetah Mobile Inc (CMCM) share was $3.01.

What is the 52-week high and low for Cheetah Mobile Inc Stock?
The 52-week high for Cheetah Mobile Inc Stock is $3.33 and the 52-week low is $1.64.

What is the market capitalization of Cheetah Mobile Inc Stock?
As of the 2024-03-28, the market capitalization of Cheetah Mobile Inc is 87.909M.

When is the next earnings date for Cheetah Mobile Inc?
The upcoming earnings date for Cheetah Mobile Inc is Apr 09, 2024.
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About Cheetah Mobile Inc

Cheetah Mobile Cheetah Mobile Inc. operates as an internet company in the People's Republic of China, the United States, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security t... CMCM Profile

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