Crescent Capital BDC, Inc. Stock Forecast

Crescent Capital BDC, Inc. stock price up 0.515% on Monday
(Updated on May 06, 2024)

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 $17.41 and $17.24. A breakdown below any of these levels will issue sell signals. 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 Tuesday, March 26, 2024, and so far it has fallen -0.453%. Further fall is indicated until a new bottom pivot has been found. 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. 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 $17.24 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 $0.130 between high and low, or 0.743%. For the last week the stock has had daily average volatility of 0.99%

The Crescent Capital BDC, Inc. stock is extremely overbought on RSI14 (88). This increases the short-term risk substantially.

Our recommended stop-loss: $17.09 (-2.81%) (This stock has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (CCAP) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Crescent Capital BDC, Inc. to open at $17.56, and during the day (based on 14 day Average True Range), to move between $17.41 and $17.75, which gives a possible trading interval of +/-$0.174 (+/-0.99%) 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 1.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.60 (0.11%) than the support at $17.24 (1.93%), 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 Crescent Capital BDC, Inc. stock A Buy?

Crescent Capital BDC, Inc. holds several positive signals and is within a weak 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.

Current score: 6.471 Strong Buy Candidate Unchanged

Predicted Opening Price for Crescent Capital BDC, Inc. of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.