Crescent Capital BDC, Inc. Stock Forecast
Crescent Capital BDC, Inc. stock upgraded from Hold/Accumulate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Crescent Capital BDC, Inc. stock price gained 3.20% on the last trading day (Tuesday, 2nd Jul 2024), rising from $18.75 to $19.35. During the last trading day the stock fluctuated 3.03% from a day low at $18.79 to a day high of $19.36. The price has been going up and down for this period, and there has been a 4.48% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 299 thousand shares were bought and sold for approximately $5.78 million.
The stock lies in the middle of a narrow 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 13.08% during the next 3 months and, with a 90% probability hold a price between $21.24 and $22.12 at the end of this 3-month period.
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CCAP Signals & Forecast
The Crescent Capital BDC, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.00 and $18.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 3.20%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Crescent Capital BDC, Inc. stock
Crescent Capital BDC, Inc. finds support from accumulated volume at $18.78 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.570 between high and low, or 3.03%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: $18.45 (-4.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CCAP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Crescent Capital BDC, Inc. to open at $19.17, and during the day (based on 14 day Average True Range), to move between $19.06 and $19.64, which gives a possible trading interval of +/-$0.291 (+/-1.50%) up or down from last closing price. If Crescent Capital BDC, Inc. takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.78, some $0.570 (2.95%) from the current price of $19.35, our system finds the risk reward attractive.
Is Crescent Capital BDC, Inc. stock A Buy?
Crescent Capital BDC, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 8.115 Strong Buy Candidate Upgraded
Predicted Opening Price for Crescent Capital BDC, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.17 ( 0.95%) | $19.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCAP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.74 | 2.00% |
| R2 | 19.52 | 0.87% |
| R1 | 19.38 | 0.178% |
| Price | 19.35 | |
| S1 | 18.95 | -2.07% |
| S2 | 18.81 | -2.77% |
| S3 | 18.60 | -3.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 19.35 | |
| S1 | 18.78 | -2.95% |
| S2 | 17.94 | -7.29% |
| S3 | 17.81 | -7.96% |
CCAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.420 | 2.17% |
| 2 | May 08, 2024 | May 31, 2024 | Jun 17, 2024 | $0.110 | 0.594% |
| 3 | Feb 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.410 | 2.42% |
| 4 | Feb 21, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.100 | 0.581% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.410 | 2.45% |
FAQ
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