CrossAmerica Partners LP Stock Forecast
CrossAmerica Partners LP stock price up 0.721% on Thursday
(Updated on Apr 18, 2024)
The CrossAmerica Partners LP stock price gained 0.721% on the last trading day (Thursday, 18th Apr 2024), rising from $22.19 to $22.35. During the last trading day the stock fluctuated 1.49% from a day low at $22.15 to a day high of $22.48. The price has fallen in 6 of the last 10 days and is down by -3.83% for this period. Volume fell on the last day by -6 thousand shares and in total, 11 thousand shares were bought and sold for approximately $243.35 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CrossAmerica Partners LP stock with a 90% probability to be traded between $20.90 and $22.93 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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CAPL Signals & Forecast
There are few to no technical positive signals at the moment. The CrossAmerica Partners LP 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 $22.38 and $22.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -3.83%. 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.
Support, Risk & Stop-loss for CrossAmerica Partners LP stock
CrossAmerica Partners LP finds support from accumulated volume at $21.60 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 $0.330 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.87%
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 Friday 19th
For the upcoming trading day on Friday, 19th we expect CrossAmerica Partners LP to open at $22.33, and during the day (based on 14 day Average True Range), to move between $21.88 and $22.82, which gives a possible trading interval of +/-$0.466 (+/-2.09%) up or down from last closing price. If CrossAmerica Partners LP takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.44 (0.40%) than the support at $21.60 (3.36%), 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 CrossAmerica Partners LP stock A Buy?
CrossAmerica Partners LP holds several negative signals and is within a 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: -3.833 Sell Candidate Unchanged
Predicted Opening Price for CrossAmerica Partners LP of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $22.33 ( 0.104%) | $22.35 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 22.66 | 1.37 % | |
| R2 | 22.53 | 0.81 % | ||
| R1 | 22.45 | 0.460 % | ||
| Current price: | 22.35 | |||
| Support | S1 | 22.20 | -0.668 % | |
| S2 | 22.12 | -1.02 % | ||
| S3 | 22.00 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.03 | 7.52 % | |
| R2 | 22.52 | 0.761 % | ||
| R1 | 22.44 | 0.403 % | ||
| Current price | 22.35 | |||
| Support | S1 | 21.60 | -3.36% | |
| S2 | 21.45 | -4.03% | ||
| S3 | 21.30 | -4.70% |
CAPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 01, 2024 | Feb 09, 2024 | $0.525 | 2.35% |
| 2 | Oct 23, 2023 | Nov 02, 2023 | Nov 10, 2023 | $0.525 | 2.40% |
| 3 | Jul 25, 2023 | Aug 03, 2023 | Aug 11, 2023 | $0.525 | 2.63% |
| 4 | Apr 20, 2023 | May 02, 2023 | May 10, 2023 | $0.525 | 2.69% |
| 5 | Jan 19, 2023 | Feb 02, 2023 | Feb 10, 2023 | $0.525 | 2.38% |
FAQ
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