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Comstock Holding Companies Inc. (CHCI)

CHCI stock forecast: buy or sell

Close on Sep 25th, 2020
$2.19 0.01%
3 months performance
-0.16%
Published: September 28th, 2020 - 9.10am EDT

CHCI stock outlook

  • Comstock Holding Companies stock inched 1.39% to close at $2.19 on the stock market last Friday.
  • 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.

Important:
The viewpoints contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the individual 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 Thoughts are expressed for general educational purposes only

CHCI stock charts

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 climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Comstock Holding Companies stock?

When you own stock shares with some profit, it's really hard to decide the good moment to sell and get your profits. Trading strategies help us to avoid rash decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, our strategies are very simple to use but are only applicable for selling stocks you already own, not for shorting CHCI stock

As a golden rule, you must never keep an investment that produces greater losses than those expected at the time of the buy. When to sell your stock always has to be dictated 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

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 published in the previous month for Comstock Holding Companies

Technical analysis

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show market momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

CHCI SMAs chart

Supports and resistances

Technical analysts use support and resistance levels as a way to identify price points in the stock price action that tend to act as barriers, containing the price of shares to move in certain direction. Supports are levels where the price may find support as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it is likely to continue falling until finding another support level. On the other hand, resistances are where the price tends to find a curb as it moves up. In the same manner, the price is more likely to "rebound" at this level, and if it finally breaches this level, the price will rise more easily until it finds the next resistance

The current resistances are:

  • R1: $2.20 (0.46% above)
  • R2: $2.21 (0.91% above)
  • R3: $2.28 (4.11% above)
  • The current supports are:

  • S1: $2.15 (-1.83% below)
  • S2: $2.14 (-2.28% below)
  • S3: $2.11 (-3.65% below)
  • Bollinger bands

    This is an indicator that was designed in the 1980s by John Bollinger. It consists of three bands that are 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

    CHCI RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to chart the current and previous weakness or strength of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI moves from 0% to 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 relative strength (RSI) has been between the overbought and oversold zones for some weeks, and therefore, without this indicator really serving to help us make any decisions.

    CHCI RSI chart

    Earnings and financials

    Second-quarter earnings event was hosted by CHCI in mid-August after releasing the financial report.

    Compared to the same quarter one year ago, EPS was $-0.02, so posted EPS means a gain of 100%. Looking at turnover, figures exploded a 31.33% compared to $4.9M year over year.

    CHCI posts financial report on mid next November. Market forecasts earnings of %s per-share of $0.00, compared to previous quarter that made $0.00. Financial reporting day has a more than usual risk for stock traders as the results disclosed can soar and sink the stock price with lower volume and not respecting your buy or stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.

    CHCI revenues and profits chart