Crown Castle Inc. Stock Forecast
Red day on Wednesday for Crown Castle Inc.
(Updated on Jun 19, 2024)
No changes to the price of Crown Castle Inc. stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $95.78 to a day high of $95.78. The price has fallen in 7 of the last 10 days and is down by -7.01% for this period.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Crown Castle Inc. stock with a 90% probability to be traded between $92.10 and $103.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0I4W.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Crown Castle Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $98.37 and $99.33. A break-up above any of these levels will issue buy signals. 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 Crown Castle Inc. stock
Crown Castle Inc. finds support from accumulated volume at $95.53 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 1.15%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0I4W.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Crown Castle Inc. to open at $95.78, and during the day (based on 14 day Average True Range), to move between $94.02 and $97.54, which gives a possible trading interval of +/-$1.76 (+/-1.84%) up or down from last closing price. If Crown Castle Inc. takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $95.53 (0.26%) than the resistance at $96.20 (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Crown Castle Inc. stock A Buy?
Crown Castle Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.310 Sell Candidate Unchanged
Predicted Opening Price for Crown Castle Inc. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $95.78 ( 0.00000000%) | $95.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0I4W.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 95.78 | 0.00000000% |
| R2 | 95.78 | 0.00000000% |
| R1 | 95.78 | 0.00000000% |
| Price | 95.78 | |
| S1 | 95.78 | 0.00000000% |
| S2 | 95.78 | 0.00000000% |
| S3 | 95.78 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.77 | 8.34% |
| R2 | 103.03 | 7.57% |
| R1 | 96.20 | 0.439% |
| Price | 95.78 | |
| S1 | 95.53 | -0.261% |
| S2 | 95.38 | -0.418% |
| S3 | 95.03 | -0.783% |
0I4W Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $1.57 | 1.63% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.57 | 1.48% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $1.57 | 1.34% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | $1.57 | 1.59% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | $1.57 | 1.36% |
FAQ
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