CounterPath Corporation (CPAH)

CounterPath stock forecast: buy or sell

CounterPath stock outlook

  • CounterPath closed yesterday at $5.42 (2.85%) prior to reporting financial results at
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Disclaimer:
The viewpoints published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the individual circumstances of the reader, his or her finances 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 Viewpoints are posted for educative motives only

CounterPath stock chart overview

Should I buy CounterPath 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 CPAH stock a buy?

In the current situation of CounterPath there is not any eligible buy setup. This doesn't mean CPAH will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell CounterPath stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Much like when we have to buy shares, choosing when is appropiate to sell is not a whimsy decision, and we must follow our own trading strategy. When selling, as well as buying, detailed setups are very easy to follow but are only applicable for selling stocks you already own, not for selling short CounterPath stock

A guiding principle is that you must never hold an operation that yields losses greater than those expected upon purchase. The moment to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell CounterPath stock?

In the current situation of CounterPath there is not any eligible sell setup, so CounterPath stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell CounterPath 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

In the last month we couldn't find any rating for CounterPath

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Technical analysis

SMAs overview

Moving averages are indicators for traders to measure stock momentum. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Market investors use supports and resistances to spot price points on a chart that may act as obstacles, preventing the price of shares to move up or down. A support level is a level 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 this level, it is likely to continue descending until meeting another support level. On the contrary, resistances are where the price tends to find resistance as it moves up. In the same way, this means that the price is more liable to "bounce off" at this level, and if it finally ruptures this level, it will rise easily until it finds the next resistance

The current resistances are:

  • R1: $6.00 (10.7% above)
  • R2: $6.79 (25.28% above)
  • R3: $7.30 (34.69% above)
  • The current supports are:

  • S1: $5.25 (-3.14% below)
  • S2: $4.99 (-7.93% below)
  • S3: $4.98 (-8.12% below)
  • Bollinger bands

    This is an indicator that was introduced in the 1980s by John Bollinger. It is composed of three bands that are drawn 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 (RSI) is a technical indicator used in the analysis of financial markets. Its objective is to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by traders

    Relative strength (RSI) climbed above the 70 level yesterday, marking a reading of 73.17. Climbing above the level of 70 is not a sell signal, as shares can be above 70 for many weeks and continue to rise

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    Earnings and financials

    CounterPath Corporation (CPAH) reported EPS for the fiscal Q1 that met Market expectations. Quarterly EPS was $0.00 per share from an estimated $0.00. The company reported revenue was $2.8 million in line with the market estimates as well.

    Same quarter last year, reported EPS was $0.00, so recently reported EPS means -. Looking at revenues, figures climbed a 7.62% compared to $2.6M year over year.

    CounterPath presents quarterly financial report. If you own or you are looking to buy CounterPath stock, be careful as the financial reporting day usually has a very high volatility, and price can gap up or down with unsually low liquidity and not respecting your buy/stop-loss orders. You can find more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.counterpath.com.

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