CrossAmerica Partners LP Stock Forecast
CrossAmerica Partners LP stock price ended at $19.73 on Tuesday, after losing 0.504%.
(Updated on Jul 02, 2024)
The CrossAmerica Partners LP stock price fell by -0.504% on the last day (Tuesday, 2nd Jul 2024) from $19.83 to $19.73. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.71% from a day low at $19.61 to a day high of $19.95. The price has fallen in 7 of the last 10 days and is down by -2.08% for this period. 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 -2 thousand shares and in total, 22 thousand shares were bought and sold for approximately $424.31 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.52% during the next 3 months and, with a 90% probability hold a price between $14.27 and $17.40 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CAPL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 4.06%. 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 CrossAmerica Partners LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $20.01 and $19.98. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for CrossAmerica Partners LP stock
CrossAmerica Partners LP finds support from accumulated volume at $19.54 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 $0.335 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.69%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAPL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CrossAmerica Partners LP to open at $19.76, and during the day (based on 14 day Average True Range), to move between $19.30 and $20.16, which gives a possible trading interval of +/-$0.435 (+/-2.20%) up or down from last closing price. If CrossAmerica Partners LP takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.54 (0.96%) than the resistance at $20.02 (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CrossAmerica Partners LP stock A Buy?
CrossAmerica Partners LP 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: -2.388 Sell Candidate Unchanged
Predicted Opening Price for CrossAmerica Partners LP of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.76 ( 0.161%) | $19.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAPL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.10 | 1.86% |
| R2 | 19.97 | 1.21% |
| R1 | 19.89 | 0.81% |
| Price | 19.73 | |
| S1 | 19.63 | -0.488% |
| S2 | 19.55 | -0.89% |
| S3 | 19.43 | -1.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.14 | 7.15% |
| R2 | 20.24 | 2.58% |
| R1 | 20.02 | 1.47% |
| Price | 19.73 | |
| S1 | 19.54 | -0.96% |
| S2 | 19.47 | -1.32% |
| S3 | 18.96 | -3.90% |
CAPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 02, 2024 | May 10, 2024 | $0.525 | 2.59% |
| 2 | Jan 22, 2024 | Feb 01, 2024 | Feb 09, 2024 | $0.525 | 2.35% |
| 3 | Oct 23, 2023 | Nov 02, 2023 | Nov 10, 2023 | $0.525 | 2.40% |
| 4 | Jul 25, 2023 | Aug 03, 2023 | Aug 11, 2023 | $0.525 | 2.63% |
| 5 | Apr 20, 2023 | May 02, 2023 | May 10, 2023 | $0.525 | 2.69% |
FAQ
Click here for our free guide on how to buy CrossAmerica Partners LP Stock.
