Cresud S.A.C.I.F. y A. Stock Forecast
Stronger technical forecast for Cresud S.A.C.I.F. y A. stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Cresud S.A.C.I.F. y A. stock price gained 0.438% on the last trading day (Thursday, 25th Apr 2024), rising from $9.14 to $9.18. During the last trading day the stock fluctuated 2.90% from a day low at $8.96 to a day high of $9.22. The price has fallen in 6 of the last 10 days and is down by -4.87% for this period. Volume fell on the last day by -3 thousand shares and in total, 78 thousand shares were bought and sold for approximately $718.56 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 8.45% during the next 3 months and, with a 90% probability hold a price between $8.86 and $10.76 at the end of this 3-month period.
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CRESY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.04%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Cresud S.A.C.I.F. y A. 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 $9.16 and $8.82. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Cresud S.A.C.I.F. y A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.20 and $8.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cresud S.A.C.I.F. y A. finds support just below today's level at $8.20. If this is broken, then the next support from accumulated volume will be at $8.10 and $8.06.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.260 between high and low, or 2.90%. For the last week the stock has had daily average volatility of 4.66%.
Our recommended stop-loss: $8.76 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (CRESY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Cresud S.A.C.I.F. y A. to open at $9.12, and during the day (based on 14 day Average True Range), to move between $8.78 and $9.58, which gives a possible trading interval of +/-$0.397 (+/-4.32%) up or down from last closing price. If Cresud S.A.C.I.F. y A. takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.35 (1.85%) than the support at $8.20 (10.68%), 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 Cresud S.A.C.I.F. y A. 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 Cresud S.A.C.I.F. y A. 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: 1.320 Buy Candidate Upgraded
Predicted Opening Price for Cresud S.A.C.I.F. y A. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $9.12 ( 0.654%) | $9.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRESY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.38 | 2.18 % | |
| R2 | 9.28 | 1.10 % | ||
| R1 | 9.22 | 0.428 % | ||
| Current price: | 9.18 | |||
| Support | S1 | 9.02 | -1.74 % | |
| S2 | 8.96 | -2.40 % | ||
| S3 | 8.86 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.77 | 6.43 % | |
| R2 | 9.69 | 5.56 % | ||
| R1 | 9.35 | 1.85 % | ||
| Current price | 9.18 | |||
| Support | S1 | 8.20 | -10.68% | |
| S2 | 8.10 | -11.76% | ||
| S3 | 8.06 | -12.20% |
CRESY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.364 | 4.01% |
| 2 | May 22, 2023 | May 31, 2023 | Jun 06, 2023 | $0.332 | 4.62% |
| 3 | Nov 21, 2022 | Dec 01, 2022 | Dec 09, 2022 | $0.151 | 2.93% |
| 4 | Nov 01, 2017 | Nov 10, 2017 | Nov 13, 2017 | $0.410 | 1.94% |
| 5 | Nov 18, 2013 | Nov 18, 2013 | Nov 18, 2013 | $0.278 | 2.80% |
FAQ
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