CVR Partners LP Stock Forecast
CVR Partners LP stock price ended at $79.39 on Thursday, after losing 0.95%.
(Updated on May 02, 2024)
The CVR Partners LP stock price fell by -0.95% on the last day (Thursday, 2nd May 2024) from $80.15 to $79.39. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.60% from a day low at $77.70 to a day high of $80.50. The price has been going up and down for this period, and there has been a 4.67% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 29 thousand shares were bought and sold for approximately $2.31 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 17.44% during the next 3 months and, with a 90% probability hold a price between $82.27 and $97.31 at the end of this 3-month period.
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UAN Signals & Forecast
The CVR Partners LP 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 $79.76. On a fall, the stock will find some support from the long-term average at approximately $77.19. 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. 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 Monday, April 29, 2024, and so far it has fallen -3.48%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CVR Partners LP stock
CVR Partners LP finds support from accumulated volume at $78.56 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 $2.80 between high and low, or 3.60%. For the last week, the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: $75.32 (-5.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (UAN) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect CVR Partners LP to open at $79.20, and during the day (based on 14 day Average True Range), to move between $76.93 and $81.85, which gives a possible trading interval of +/-$2.46 (+/-3.10%) up or down from last closing price. If CVR Partners LP takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $80.00 (0.77%) than the support at $78.56 (1.05%), 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 CVR Partners LP 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 CVR Partners LP stock to perform well in the short-term.
Current score: 1.052 Buy Candidate Unchanged
Predicted Opening Price for CVR Partners LP of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $79.20 ( 0.244%) | $79.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UAN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.00 | 3.28 % | |
| R2 | 80.93 | 1.94 % | ||
| R1 | 80.27 | 1.10 % | ||
| Current price: | 79.39 | |||
| Support | S1 | 78.13 | -1.59 % | |
| S2 | 77.47 | -2.42 % | ||
| S3 | 76.40 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.25 | 3.60 % | |
| R2 | 80.60 | 1.52 % | ||
| R1 | 80.00 | 0.768 % | ||
| Current price | 79.39 | |||
| Support | S1 | 78.56 | -1.05% | |
| S2 | 74.25 | -6.47% | ||
| S3 | 63.51 | -20.00% |
UAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | May 10, 2024 | May 20, 2024 | $1.92 | 2.42% |
| 2 | Feb 20, 2024 | Mar 01, 2024 | Mar 11, 2024 | $1.68 | 2.54% |
| 3 | Oct 30, 2023 | Nov 10, 2023 | Nov 20, 2023 | $1.55 | 2.11% |
| 4 | Jul 31, 2023 | Aug 11, 2023 | Aug 21, 2023 | $4.14 | 5.21% |
| 5 | May 01, 2023 | May 12, 2023 | May 22, 2023 | $10.43 | 11.89% |
FAQ
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