Comstock Holding Companies Inc. (CHCI)

CHCI stock forecast: buy or sell

CHCI stock outlook

  • Comstock Holding Companies stock scarcely changed -0.38% to close at $2.59 on the stock market today.
  • From the chart point view, price is drawing a scaled uptrend since mid-March with higher tops and higher bottoms. Up to date, the uptrend marked a 144.34% gain since the beginning of this rally
  • Comstock Holding Companies, Inc. operates as a real estate assets management and services company. The company operates through two segments, Asset Management and Real Estate Services.
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Important:
The opinions published in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the specific situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for educative reasons only

CHCI stock chart overview

Should I buy Comstock Holding Companies stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is CHCI stock a buy?

In the current situation of Comstock Holding Companies there is not any eligible buy setup. This doesn't mean we expect a selloff for CHCI in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Comstock Holding Companies stock?

"To sell or not to sell", if you are holding Comstock Holding Companies shares?. In the same way as when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must use our own trading style. We like very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies should not be used for selling short Comstock Holding Companies stock

As a rule of thumb, you should never keep an operation that yields higher than expected losses by the time of purchase. When to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Comstock Holding Companies stock?

In the current situation of Comstock Holding Companies there is not any eligible sell setup, so Comstock Holding Companies stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell Comstock Holding Companies stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the last month for Comstock Holding Companies

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Technical analysis

Comstock Holding Companies shares started an uptrend in mid-March, and grew an amazing 144.34%. During this uptrend, the price provided some entry points on the breakouts. Latest low was in early June, when price bounced at $2.08. Like in all uptrends, price needs to rest and currently price is moving in a range between $4.30 and $2.08

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show trend momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Technical analysts use support and resistance levels as a way to spot price points on a chart that may work as barriers, containing the price of a stock to move in certain direction. Supports are levels where the price may stop as it falls. Price is more likely to "rebound" this level rather than break through it. Nevertheless, if the price breaks down this level, it will probably continue falling until finding another support level. On the other side, resistance levels are where the price tends to find a curb as it moves up. In the same manner, the price is more liable to "bounce off" at this level, and if it finally crosses this level, the price will rise more easily until it meets the next resistance

The current resistances are:

  • R1: $2.64 (1.93% above)
  • R2: $2.67 (3.09% above)
  • R3: $2.74 (5.79% above)
  • The current support levels are:

  • S1: $2.51 (-3.09% below)
  • S2: $2.50 (-3.47% below)
  • S3: $2.48 (-4.25% below)
  • Bollinger bands

    So-called Bollinger bands are a well-established practice created by John Bollinger. It is composed of 3 lines that are plotted superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that track price movements to detect when the share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 on June 22 after just crossing to the overbough zone for 1 day (weak signal). The RSI value today was 53.66. Since then, Comstock Holding Companies shares dropped a 13.38%

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    Earnings and financials

    Comstock Holding Companies Inc. (CHCI) reported adjusted EPS for the fiscal Q1 that met Wall St. expectations. Quarterly EPS was $0.00 per share vs. $0.00. The company said revenue for this quarter was $7.0 million aligned with analysts' estimates as well.

    Compared to the same quarter one year ago, EPS was $0.02, so reported EPS is a decrease of -100%. Revenue dropped a -38.64% on an annualized basis in the first-quarter, from $11.4M to $7.0M last quarter.

    CHCI will host the earnings call on mid next August. Market analysts analysts estimate earnings of %s a share of $0.00, that is a 0% than Q1. Financial reporting day has a more than usual risk for investors as the data provided can gap up or down the stock price with very low liquidity and not respecting your buy or stop-loss orders. You can probably obtain more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.comstockcompanies.com.

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