Core Molding Technologies, Inc Stock Forecast
Green day on Friday for Core Molding Technologies, Inc
(Updated on Apr 19, 2024)
The Core Molding Technologies, Inc stock price gained 3.99% on the last trading day (Friday, 19th Apr 2024), rising from $19.04 to $19.80. During the last trading day the stock fluctuated 5.21% from a day low at $18.82 to a day high of $19.80. The price has been going up and down for this period, and there has been a 10.43% gain 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, 16 thousand more shares were traded than the day before. In total, 47 thousand shares were bought and sold for approximately $935.29 thousand.
The stock lies in the middle of a wide and weak 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 9.73% during the next 3 months and, with a 90% probability hold a price between $19.63 and $22.43 at the end of this 3-month period.
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CMT Signals & Forecast
Mostly positive signals in the chart today. The Core Molding Technologies, 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 $19.13 and $18.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 12.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Core Molding Technologies, 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.
Support, Risk & Stop-loss for Core Molding Technologies, Inc stock
Core Molding Technologies, Inc finds support from accumulated volume at $19.76 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 $0.98 between high and low, or 5.21%. For the last week, the stock has had daily average volatility of 5.03%.
Our recommended stop-loss: $19.05 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (CMT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Core Molding Technologies, Inc to open at $19.47, and during the day (based on 14 day Average True Range), to move between $19.04 and $20.56, which gives a possible trading interval of +/-$0.762 (+/-3.85%) up or down from last closing price. If Core Molding Technologies, Inc takes out the full calculated possible swing range there will be an estimated 7.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.76 (0.20%) than the resistance at $19.86 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Core Molding Technologies, Inc 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 Core Molding Technologies, Inc stock to perform well in the short-term.
Current score: 3.092 Buy Candidate Unchanged
Predicted Opening Price for Core Molding Technologies, Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $19.47 ( 1.65%) | $19.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.45 | 3.30 % | |
| R2 | 20.08 | 1.41 % | ||
| R1 | 19.85 | 0.241 % | ||
| Current price: | 19.80 | |||
| Support | S1 | 19.10 | -3.54 % | |
| S2 | 18.87 | -4.71 % | ||
| S3 | 18.49 | -6.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 19.86 | 0.303 % | ||
| Current price | 19.80 | |||
| Support | S1 | 19.76 | -0.202% | |
| S2 | 19.23 | -2.88% | ||
| S3 | 18.39 | -7.12% |
CMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2018 | May 21, 2018 | May 31, 2018 | $0.0500 | 0.347% |
| 2 | Mar 07, 2018 | Mar 16, 2018 | Mar 29, 2018 | $0.0500 | 0.280% |
| 3 | Nov 02, 2017 | Nov 16, 2017 | Nov 28, 2017 | $0.0500 | 0.224% |
| 4 | Aug 07, 2017 | Aug 16, 2017 | Aug 30, 2017 | $0.0500 | 0.244% |
| 5 | Sep 18, 1996 | Sep 18, 1996 | Sep 18, 1996 | $0.0100 | 0.421% |
FAQ
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