Comfort Systems USA Inc Stock Forecast
Comfort Systems USA Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Comfort Systems USA Inc stock price gained 0.88% on the last trading day (Thursday, 25th Apr 2024), rising from $308.69 to $311.40. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.33% from a day low at $304.45 to a day high of $314.59. The price has fallen in 6 of the last 10 days but is still up by 0.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 thousand more shares were traded than the day before. In total, 446 thousand shares were bought and sold for approximately $138.77 million.
The stock lies in the middle of a wide and strong 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 39.81% during the next 3 months and, with a 90% probability hold a price between $415.35 and $483.21 at the end of this 3-month period.
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FIX Signals & Forecast
The Comfort Systems USA Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $300.91 and $309.72. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Comfort Systems USA Inc stock
Comfort Systems USA Inc finds support from accumulated volume at $302.03 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 $10.14 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: $297.00 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (FIX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Comfort Systems USA Inc to open at $310.15, and during the day (based on 14 day Average True Range), to move between $301.19 and $321.61, which gives a possible trading interval of +/-$10.21 (+/-3.28%) up or down from last closing price. If Comfort Systems USA Inc takes out the full calculated possible swing range there will be an estimated 6.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $314.43 (0.97%) than the support at $302.03 (3.01%), 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 Comfort Systems USA Inc stock A Buy?
Comfort Systems USA Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.760 Hold/Accumulate Upgraded
Predicted Opening Price for Comfort Systems USA Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $310.15 ( 0.402%) | $311.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 320.29 | 2.85 % | |
| R2 | 316.41 | 1.61 % | ||
| R1 | 314.02 | 0.84 % | ||
| Current price: | 311.40 | |||
| Support | S1 | 306.27 | -1.65 % | |
| S2 | 303.88 | -2.41 % | ||
| S3 | 300.01 | -3.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 320.20 | 2.83 % | |
| R2 | 314.93 | 1.13 % | ||
| R1 | 314.43 | 0.97 % | ||
| Current price | 311.40 | |||
| Support | S1 | 302.03 | -3.01% | |
| S2 | 296.77 | -4.70% | ||
| S3 | 279.06 | -10.39% |
FIX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 19, 2024 | $0.250 | 0.0805% |
| 2 | Oct 26, 2023 | Nov 15, 2023 | Nov 27, 2023 | $0.250 | 0.126% |
| 3 | Jul 26, 2023 | Aug 16, 2023 | Aug 28, 2023 | $0.225 | 0.124% |
| 4 | Apr 26, 2023 | May 17, 2023 | May 29, 2023 | $0.200 | 0.133% |
| 5 | Feb 22, 2023 | Mar 09, 2023 | Mar 21, 2023 | $0.175 | 0.124% |
FAQ
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