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 CXW
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Red day on Wednesday for Corrections Corporation of America stock after losing 0%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 6.32% PDF

No changes to the price of Corrections Corporation of America stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 1.99% from a day low at $15.54 to a day high of $15.85. The price has fallen in 5 of the last 10 days but is still up by 6.03% over the past 2 weeks.

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 9.14% during the next 3 months and, with a 90% probability hold a price between $15.95 and $17.68 at the end of this 3-month period.

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CXW Signals & Forecast

The Corrections Corporation of America stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $15.68. On a fall, the stock will find some support from the long-term average at approximately $14.82. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 21, 2024, and so far it has fallen -2.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Corrections Corporation of America stock

Corrections Corporation of America finds support from accumulated volume at $15.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.310 between high and low, or 1.99%. For the last week, the stock has had daily average volatility of 2.55%.

Our recommended stop-loss: $14.92 (-4.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (CXW) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Corrections Corporation of America to open at $15.68, and during the day (based on 14 day Average True Range), to move between $15.19 and $16.11, which gives a possible trading interval of +/-$0.459 (+/-2.94%) up or down from last closing price. If Corrections Corporation of America takes out the full calculated possible swing range there will be an estimated 5.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.68 (0.19%) than the support at $15.00 (4.15%), 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 Corrections Corporation of America 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 Corrections Corporation of America stock to perform well in the short-term.

Current score: 2.390 Buy Candidate Unchanged

Predicted Opening Price for Corrections Corporation of America of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$15.68 ( 0.192%) $15.65

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

Trading levels for CXW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.99 2.17 %
R2 15.87 1.42 %
R1 15.80 0.95 %
Current price: 15.65
Support S1 15.56 -0.565 %
S2 15.49 -1.03 %
S3 15.37 -1.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.11 2.94 %
R2 15.83 1.15 %
R1 15.68 0.192 %
Current price 15.65
Support S1 15.00 -4.15%
S2 14.45 -7.67%
S3 13.83 -11.63%

CXW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2020 Mar 31, 2020 Apr 15, 2020 $0.440 3.68%
2 Dec 12, 2019 Jan 03, 2020 Jan 15, 2020 $0.440 2.68%
3 Aug 15, 2019 Sep 30, 2019 Oct 15, 2019 $0.440 2.86%
4 May 16, 2019 Jun 28, 2019 Jul 16, 2019 $0.440 2.52%
5 Feb 21, 2019 Mar 29, 2019 Apr 15, 2019 $0.440 2.14%

FAQ

What is the symbol for Corrections Corporation of America Stock and on which exchange is it traded?
The symbol for Corrections Corporation of America is CXW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Corrections Corporation of America 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 Corrections Corporation of America stock to perform well in the short-term.

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

What's the current price of Corrections Corporation of America Stock?
As of the end of day on the 2024-03-27, the price of an Corrections Corporation of America (CXW) share was $15.65.

What is the 52-week high and low for Corrections Corporation of America Stock?
The 52-week high for Corrections Corporation of America Stock is $16.24 and the 52-week low is $7.84.

What is the market capitalization of Corrections Corporation of America Stock?
As of the 2024-03-27, the market capitalization of Corrections Corporation of America is 1.762B.

When is the next earnings date for Corrections Corporation of America?
The upcoming earnings date for Corrections Corporation of America is May 01, 2024.
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About Corrections Corporation of America

Corrections  of America CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisi... CXW Profile

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