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 COMM
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Green day on Thursday for CommScope Holding Company
(Updated on Mar 28, 2024)

Sell candidate since Feb 05, 2024 Loss -37.32% PDF

The CommScope Holding Company stock price gained 3.15% on the last trading day (Thursday, 28th Mar 2024), rising from $1.27 to $1.31. During the last trading day the stock fluctuated 5.35% from a day low at $1.29 to a day high of $1.36. The price has fallen in 6 of the last 10 days and is down by -10.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $3.52 million.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $1.26, a level that may pose a second chance to hit a runner. According to fan-theory $2.01 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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COMM Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CommScope Holding Company 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 $1.31 and $1.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -18.13%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for CommScope Holding Company stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.17 and $1.10. 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, CommScope Holding Company finds support just below today's level at $1.17. If this is broken, then the next support from accumulated volume will be at $1.10 and $1.02.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0690 between high and low, or 5.35%. For the last week, the stock has had daily average volatility of 6.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect CommScope Holding Company to open at $1.32, and during the day (based on 14 day Average True Range), to move between $1.17 and $1.45, which gives a possible trading interval of +/-$0.141 (+/-10.74%) up or down from last closing price. If CommScope Holding Company takes out the full calculated possible swing range there will be an estimated 21.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.17 (11.07%) than the resistance at $1.51 (15.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CommScope Holding Company stock A Buy?

CommScope Holding Company 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: -5.048 Strong Sell Candidate Unchanged

Predicted Opening Price for CommScope Holding Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.32 ( 0.738%) $1.31

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

Trading levels for COMM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.39 6.01 %
R2 1.36 3.99 %
R1 1.35 2.75 %
Current price: 1.31
Support S1 1.29 -1.27 %
S2 1.28 -2.52 %
S3 1.25 -4.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.60 22.14 %
R2 1.55 18.32 %
R1 1.51 15.27 %
Current price 1.31
Support S1 1.17 -11.07%
S2 1.10 -16.03%
S3 1.02 -22.14%

FAQ

What is the symbol for CommScope Holding Company Stock and on which exchange is it traded?
The symbol for CommScope Holding Company is COMM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CommScope Holding Company Stock?
CommScope Holding Company 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.

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

What's the current price of CommScope Holding Company Stock?
As of the end of day on the 2024-03-28, the price of an CommScope Holding Company (COMM) share was $1.31.

What is the 52-week high and low for CommScope Holding Company Stock?
The 52-week high for CommScope Holding Company Stock is $6.65 and the 52-week low is $0.90.

What is the market capitalization of CommScope Holding Company Stock?
As of the 2024-03-28, the market capitalization of CommScope Holding Company is 269.584M.

When is the next earnings date for CommScope Holding Company?
The upcoming earnings date for CommScope Holding Company is May 02, 2024.
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About CommScope Holding Company

CommScope Holding Company CommScope Holding Company, Inc. provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copp... COMM Profile

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