CTS Corporation Stock Forecast

Stronger technical forecast for CTS Corporation stock price after Monday trading.
(Updated on Apr 22, 2024)

CTS Signals & Forecast

The CTS Corporation 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 $44.27 and $45.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.55%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, February 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, August 18, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for CTS Corporation stock

CTS Corporation finds support from accumulated volume at $42.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.88 (2.02%) between high and low. For the last week, the stock has had daily average volatility of 2.26%.

Our recommended stop-loss: $41.33 (-5.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (CTS) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect CTS Corporation to open at $43.88, and during the day (based on 14 day Average True Range), to move between $42.71 and $44.83, which gives a possible trading interval of +/-$1.06 (+/-2.43%) up or down from last closing price. If CTS Corporation takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $44.13 (0.82%) than the support at $42.71 (2.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is CTS Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.045 Buy Candidate Upgraded

Predicted Opening Price for CTS Corporation of Tuesday, April 23, 2024

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