Compass Minerals International Inc Stock Forecast
Red day on Wednesday for Compass Minerals International Inc stock after losing 1.99%
(Updated on Apr 17, 2024)
The Compass Minerals International Inc stock price fell by -1.99% on the last day (Wednesday, 17th Apr 2024) from $13.60 to $13.33. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.96% from a day low at $13.31 to a day high of $13.97. The price has fallen in 7 of the last 10 days and is down by -6.72% for this period. 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 -26 thousand shares and in total, 413 thousand shares were bought and sold for approximately $5.50 million.
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 -35.27% during the next 3 months and, with a 90% probability hold a price between $7.29 and $11.91 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
CMP Signals & Forecast
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. The Compass Minerals 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 $14.04 and $17.44. 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 28, 2024, and so far it has fallen -15.31%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Compass Minerals International Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.660 between high and low, or 4.96%. For the last week, the stock has had daily average volatility of 5.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMP) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Compass Minerals International Inc to open at $13.54, and during the day (based on 14 day Average True Range), to move between $12.40 and $14.26, which gives a possible trading interval of +/-$0.93 (+/-6.98%) up or down from last closing price. If Compass Minerals International Inc takes out the full calculated possible swing range there will be an estimated 13.97% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $13.69, some $0.360 (2.70%) from the current price of $13.33, our system finds the risk reward not very attractive.
Is Compass Minerals International Inc stock A Buy?
Compass Minerals International Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.368 Strong Sell Candidate Unchanged
Predicted Opening Price for Compass Minerals International Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $13.54 ( 1.55%) | $13.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.20 | 6.50 % | |
| R2 | 13.94 | 4.61 % | ||
| R1 | 13.79 | 3.44 % | ||
| Current price: | 13.33 | |||
| Support | S1 | 13.28 | -0.341 % | |
| S2 | 13.13 | -1.51 % | ||
| S3 | 12.88 | -3.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.51 | 16.35 % | |
| R2 | 14.55 | 9.15 % | ||
| R1 | 13.69 | 2.70 % | ||
| Current price | 13.33 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CMP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 08, 2024 | Mar 20, 2024 | $0.150 | 0.85% |
| 2 | Nov 29, 2023 | Dec 08, 2023 | Dec 20, 2023 | $0.150 | 0.579% |
| 3 | Aug 17, 2023 | Sep 08, 2023 | Sep 20, 2023 | $0.150 | 0.546% |
| 4 | May 23, 2023 | Jun 08, 2023 | Jun 20, 2023 | $0.150 | 0.430% |
| 5 | Feb 16, 2023 | Mar 09, 2023 | Mar 20, 2023 | $0.150 | 0.472% |
FAQ
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