RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CRUS
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Cirrus Logic stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Cirrus Logic stock price gained 0.674% on the last trading day (Thursday, 28th Mar 2024), rising from $91.94 to $92.56. During the last trading day the stock fluctuated 1.13% from a day low at $91.73 to a day high of $92.77. The price has been going up and down for this period, and there has been a 2.97% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 239 thousand shares were bought and sold for approximately $22.10 million.

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 19.41% during the next 3 months and, with a 90% probability hold a price between $103.46 and $117.24 at the end of this 3-month period.

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CRUS Signals & Forecast

The Cirrus Logic stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $90.82 and $91.18. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, March 07, 2024, and so far it has fallen -1.80%. 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).

Support, Risk & Stop-loss for Cirrus Logic stock

Cirrus Logic finds support from accumulated volume at $89.86 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.04 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: $88.69 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (CRUS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cirrus Logic to open at $92.35, and during the day (based on 14 day Average True Range), to move between $90.44 and $94.68, which gives a possible trading interval of +/-$2.12 (+/-2.29%) up or down from last closing price. If Cirrus Logic takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $93.06 (0.54%) than the support at $89.86 (2.92%), 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 Cirrus Logic stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cirrus Logic stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.129 Buy Candidate Upgraded

Predicted Opening Price for Cirrus Logic of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$92.35 ( 0.223%) $92.56

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CRUS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 93.39 0.90 %
R2 93.00 0.471 %
R1 92.75 0.206 %
Current price: 92.56
Support S1 91.96 -0.652 %
S2 91.71 -0.92 %
S3 91.31 -1.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 93.24 0.735 %
R2 93.23 0.724 %
R1 93.06 0.540 %
Current price 92.56
Support S1 89.86 -2.92%
S2 88.83 -4.03%
S3 78.42 -15.28%

FAQ

What is the symbol for Cirrus Logic Stock and on which exchange is it traded?
The symbol for Cirrus Logic is CRUS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cirrus Logic Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cirrus Logic stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Cirrus Logic Stock?
Cirrus Logic Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cirrus Logic Stock.

What's the current price of Cirrus Logic Stock?
As of the end of day on the 2024-03-28, the price of an Cirrus Logic (CRUS) share was $92.56.

What is the 52-week high and low for Cirrus Logic Stock?
The 52-week high for Cirrus Logic Stock is $111.15 and the 52-week low is $65.02.

What is the market capitalization of Cirrus Logic Stock?
As of the 2024-03-28, the market capitalization of Cirrus Logic is 4.992B.

When is the next earnings date for Cirrus Logic?
The upcoming earnings date for Cirrus Logic is May 02, 2024.
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About Cirrus Logic

Cirrus Logic Cirrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with digital signal processer; boosted amplifiers; digital signal processo... CRUS Profile

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