Callon Petroleum Company Stock Forecast
Callon Petroleum Company stock price ended at $35.76 on Friday, after losing 0%.
(Updated on Apr 19, 2024)
No changes to the price of Callon Petroleum Company stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $35.76 to a day high of $35.76. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.84% during the next 3 months and, with a 90% probability hold a price between $39.37 and $44.04 at the end of this 3-month period.
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CPE Signals & Forecast
The Callon Petroleum Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $35.76 and $34.39. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Callon Petroleum Company stock
Callon Petroleum Company finds support from accumulated volume at $34.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $34.33 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CPE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Callon Petroleum Company to open at $35.76, and during the day (based on 14 day Average True Range), to move between $35.40 and $36.12, which gives a possible trading interval of +/-$0.357 (+/-1.00%) up or down from last closing price. If Callon Petroleum Company takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.05 (0.81%) than the support at $34.26 (4.19%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Callon Petroleum Company stock A Buy?
Callon Petroleum Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Callon Petroleum Company of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$35.76 ( 0%) | $35.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.76 | . | |
R2 | 35.76 | . | ||
R1 | 35.76 | . | ||
Current price: | 35.76 | |||
Support | S1 | 35.76 | . | |
S2 | 35.76 | . | ||
S3 | 35.76 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 36.05 | 0.81 % | ||
Current price | 35.76 | |||
Support | S1 | 34.26 | -4.19% | |
S2 | 31.58 | -11.69% | ||
S3 | 31.28 | -12.53% |
CPE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 26, 1998 | Jun 26, 1998 | Aug 10, 2020 | $0.531 | 4.97% |
2 | Aug 04, 1994 | Aug 04, 1994 | Aug 04, 1994 | $1.86 | 2.07% |
3 | May 03, 1994 | May 03, 1994 | May 03, 1994 | $1.86 | 2.76% |
4 | Feb 01, 1994 | Feb 01, 1994 | Feb 01, 1994 | $1.86 | 2.20% |
5 | Nov 03, 1993 | Nov 03, 1993 | Nov 03, 1993 | $1.86 | 2.76% |
FAQ
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