Compass Minerals International, Inc., produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.
This segment provides products for use as a deicer for roadways, consumer, and professional use; as an ingredient in chemical production; for water treatment, human, and animal nutrition; and for various other consumer and industrial uses, as well as provides records management services.
The Plant Nutrition North America segment offers sulfate of potash specialty fertilizers in various grades, including agricultural products used in broadcast spreaders, direct application, and liquid fertilizer solutions; turf products used by the turf and ornamental markets, as well as for blends used on golf course greens; organic products under the Protassium+ brand; and micronutrient products under the Wolf Trax brand, as well as specialty plant nutrition solution-based products and chemical solutions. This segment provides its products to distributors and retailers of crop inputs, as well as growers.
Technical stock analysis for Tues 10’th Jul 2018
Compass Minerals International, Inc. gained 1.14% in the last trading day, rising from $66.00to $66.75 , and has now gained 5 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. The price has risen in 6 of the last 10 days and is up by 1.14% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 68 764 more shares were traded than the day before. In total, 271 951shares bought and sold for approximately $18.15million.
Trend
Given the current horizontal trend you can expect Compass Minerals International Inc with 90% probability to be traded between $63.54 and $68.36 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold.
Support & Resistance
Compass Minerals International, Inc. finds support from accumulated volume at $66.65.
Risk
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.85 (1.28%) between high and low. For the last week, the stock has had a daily average volatility of 1.77%.
The recommended stoploss: $63.21 (-5.31%)(This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
Risk: Low
Evaluation
Several short-term signals are positive and analysys have conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. I have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.