CSP Inc. Stock Forecast
CSP Inc. stock price up 3.32% on Tuesday
(Updated on Apr 23, 2024)
The CSP Inc. stock price gained 3.32% on the last trading day (Tuesday, 23rd Apr 2024), rising from $13.87 to $14.33. During the last trading day the stock fluctuated 5.45% from a day low at $13.76 to a day high of $14.51. The price has fallen in 6 of the last 10 days and is down by -26.13% for this period. Volume fell on the last day by -40 thousand shares and in total, 64 thousand shares were bought and sold for approximately $923.71 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.41 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.15% during the next 3 months and, with a 90% probability hold a price between $7.33 and $37.35 at the end of this 3-month period.
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CSPI 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 CSP 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 $15.19 and $25.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -74.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for CSP Inc. stock
CSP Inc. finds support from accumulated volume at $14.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.750 between high and low, or 5.45%. For the last week the stock has had daily average volatility of 9.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSPI) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect CSP Inc. to open at $14.20, and during the day (based on 14 day Average True Range), to move between $11.69 and $16.97, which gives a possible trading interval of +/-$2.64 (+/-18.40%) up or down from last closing price. If CSP Inc. takes out the full calculated possible swing range there will be an estimated 36.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.25 (0.56%) than the resistance at $16.21 (13.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CSP Inc. stock A Buy?
CSP 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: -6.843 Strong Sell Candidate Unchanged
Predicted Opening Price for CSP Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $14.20 ( 0.91%) | $14.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.95 | 4.33 % | |
| R2 | 14.66 | 2.33 % | ||
| R1 | 14.49 | 1.09 % | ||
| Current price: | 14.33 | |||
| Support | S1 | 13.91 | -2.91 % | |
| S2 | 13.74 | -4.14 % | ||
| S3 | 13.45 | -6.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.77 | 24.01 % | |
| R2 | 17.10 | 19.33 % | ||
| R1 | 16.21 | 13.12 % | ||
| Current price | 14.33 | |||
| Support | S1 | 14.25 | -0.558% | |
| S2 | 14.24 | -0.628% | ||
| S3 | 13.87 | -3.21% |
CSPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Mar 08, 2024 | $0.0500 | 0.280% |
| 2 | Dec 12, 2023 | Dec 21, 2023 | Jan 09, 2024 | $0.0400 | 0.421% |
| 3 | Aug 09, 2023 | Aug 22, 2023 | Sep 12, 2023 | $0.0400 | 0.392% |
| 4 | May 10, 2023 | May 24, 2023 | Jun 13, 2023 | $0.0400 | 0.614% |
| 5 | Feb 08, 2023 | Feb 23, 2023 | Mar 14, 2023 | $0.0300 | 0.510% |
FAQ
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