FIX Down 5.6% Is $945 Critical Floor

$Comfort Systems USA(FIX)$

Comfort Systems USA (FIX) Plunges -5.56%: HVAC Giant Hits Technical Resistance, $945 Support Critical

Latest Close Data

FIX closed at $967.95 on December 15th, down -5.56% (-$56.97) from previous close of $1024.92.

Stock traded in a volatile $912.40-$1023.87 range, currently 6.6% below its 52-week high of $1036.66.

Core Market Drivers

The HVAC services leader faced profit-taking pressure after recent highs, with mixed institutional sentiment and elevated short interest at 15.73%.

Strong fundamentals remain intact with 43.84% ROE and 13.64% ROA, but valuation concerns emerge at current levels.

Technical Analysis

Volume surged 96% above average (869.5K shares), signaling significant institutional activity.
MACD shows weakening momentum with DIF at 22.71 vs DEA at 21.32, while RSI(6) dropped sharply to 43.81 from overbought levels.
KDJ indicates bearish divergence with K-line at 69.34.

Key Price Levels

Primary Support: $945.05 (critical floor from Dec 12)
Strong Resistance: $974.05 (immediate barrier)
Immediate Pivot: $967.95 (current close level)

Valuation Perspective

Trading at 41.03x P/E TTM vs industry average, with P/S ratio of 4.10. Forward P/E of 37.45 sits well above historical average of 26.18, suggesting premium valuation remains stretched despite correction.

Analyst Targets

7 analysts maintain coverage with average target of $962.59 (range: $500-$1200). Sentiment breakdown: 4 Strong Buy, 3 Buy, 2 Hold ratings support medium-term bullish outlook.

Weekly Outlook

Expect consolidation in $945-$975 range as stock digests recent gains. Break below $945 support targets $900-$920, while reclaim of $975 resistance opens path to $1000+ retest.

Risk Disclaimer

This analysis is for informational purposes only and not investment advice. Past performance doesn't guarantee future results. Please consult financial advisors before making investment decisions.

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