CrossAmerica Partners LP Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for CrossAmerica Partners LP
(Updated on May 01, 2024)
The CrossAmerica Partners LP stock price fell by -0.0870% on the last day (Wednesday, 1st May 2024) from $23.00 to $22.98. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.31% from a day low at $22.85 to a day high of $23.15. The price has risen in 6 of the last 10 days and is up by 3.56% over the past 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 -2 thousand shares and in total, 50 thousand shares were bought and sold for approximately $1.14 million.
The stock lies in the middle of a 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 5.99% during the next 3 months and, with a 90% probability hold a price between $23.74 and $25.07 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CAPL Signals & Forecast
The CrossAmerica 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 $23.09. On a fall, the stock will find some support from the long-term average at approximately $22.72. 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 Friday, April 26, 2024, and so far it has fallen -1.33%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Friday, April 26, 2024 and based on theory for this formation the price should fall by -7.63% to $21.23 within 16 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for CrossAmerica Partners LP stock
On the downside, the stock finds support just below today's level from accumulated volume at $21.60 and $21.45. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CrossAmerica Partners LP finds support just below today's level at $21.60. If this is broken, then the next support from accumulated volume will be at $21.45 and $21.30.
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 $0.300 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 2.03%
Our recommended stop-loss: $21.99 (-4.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (CAPL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect CrossAmerica Partners LP to open at $22.99, and during the day (based on 14 day Average True Range), to move between $22.51 and $23.45, which gives a possible trading interval of +/-$0.474 (+/-2.06%) up or down from last closing price. If CrossAmerica Partners LP takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.00 (0.09%) than the support at $21.60 (6.01%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.396 Hold/Accumulate Unchanged
Predicted Opening Price for CrossAmerica Partners LP of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $22.99 ( 0.0580%) | $22.98 |
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 | 23.29 | 1.36 % | |
| R2 | 23.18 | 0.86 % | ||
| R1 | 23.11 | 0.557 % | ||
| Current price: | 22.98 | |||
| Support | S1 | 22.88 | -0.441 % | |
| S2 | 22.81 | -0.749 % | ||
| S3 | 22.69 | -1.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.28 | 1.31 % | |
| R2 | 23.05 | 0.305 % | ||
| R1 | 23.00 | 0.0870 % | ||
| Current price | 22.98 | |||
| Support | S1 | 21.60 | -6.01% | |
| S2 | 21.45 | -6.66% | ||
| S3 | 21.30 | -7.31% |
CAPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 02, 2024 | May 10, 2024 | $0.525 | 2.28% |
| 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.
