CPI Card Group Inc. Stock Forecast
CPI Card Group Inc. stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
The CPI Card Group Inc. stock price fell by -2.60% on the last day (Thursday, 18th Apr 2024) from $18.05 to $17.58. During the last trading day the stock fluctuated 4.10% from a day low at $17.58 to a day high of $18.30. The price has fallen in 6 of the last 10 days and is down by -6.59% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 18 thousand shares were bought and sold for approximately $320.11 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.31% during the next 3 months and, with a 90% probability hold a price between $13.74 and $19.05 at the end of this 3-month period.
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PMTS 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 CPI Card Group Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.88 and $17.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -9.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for CPI Card Group Inc. stock
CPI Card Group Inc. finds support from accumulated volume at $17.16 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.720 between high and low, or 4.10%. For the last week the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PMTS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect CPI Card Group Inc. to open at $17.82, and during the day (based on 14 day Average True Range), to move between $16.49 and $18.67, which gives a possible trading interval of +/-$1.09 (+/-6.19%) up or down from last closing price. If CPI Card Group Inc. takes out the full calculated possible swing range there will be an estimated 12.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.16 (2.39%) than the resistance at $18.01 (2.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CPI Card Group Inc. stock A Buy?
CPI Card Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.420 Sell Candidate Downgraded
Predicted Opening Price for CPI Card Group Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $17.82 ( 1.37%) | $17.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PMTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.54 | 5.46 % | |
| R2 | 18.26 | 3.90 % | ||
| R1 | 18.10 | 2.93 % | ||
| Current price: | 17.58 | |||
| Support | S1 | 17.54 | -0.199 % | |
| S2 | 17.38 | -1.17 % | ||
| S3 | 17.10 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.53 | 5.40 % | |
| R2 | 18.50 | 5.23 % | ||
| R1 | 18.01 | 2.45 % | ||
| Current price | 17.58 | |||
| Support | S1 | 17.16 | -2.39% | |
| S2 | 16.88 | -3.98% | ||
| S3 | 15.97 | -9.16% |
PMTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2017 | Jun 14, 2017 | Dec 20, 2017 | $0.225 | 6.54% |
| 2 | Mar 01, 2017 | Mar 15, 2017 | Apr 07, 2017 | $0.225 | 1.14% |
| 3 | Nov 09, 2016 | Dec 14, 2016 | Jan 12, 2017 | $0.225 | 1.03% |
| 4 | Aug 10, 2016 | Sep 14, 2016 | Oct 07, 2016 | $0.225 | 0.733% |
| 5 | May 11, 2016 | Jun 14, 2016 | Jul 07, 2016 | $0.225 | 0.93% |
FAQ
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