CCC Intelligent Solutions Holdings Inc. Stock Forecast
Green day on Friday for CCC Intelligent Solutions Holdings Inc. stock after gaining 0.175%
(Updated on Apr 19, 2024)
The CCC Intelligent Solutions Holdings Inc. stock price gained 0.175% on the last trading day (Friday, 19th Apr 2024), rising from $11.42 to $11.44. During the last trading day the stock fluctuated 0.92% from a day low at $11.40 to a day high of $11.51. The price has risen in 5 of the last 10 days but is still down by -1.89% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $40.43 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $11.45. A reaction back to this level may hold a second chance to get out before further falls.
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CCCS Signals & Forecast
There are mixed signals in the stock today. The CCC Intelligent Solutions Holdings Inc. 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 $11.55 and $11.86. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.175%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for CCC Intelligent Solutions Holdings Inc. stock
CCC Intelligent Solutions Holdings Inc. finds support from accumulated volume at $11.42 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 $0.105 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCCS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CCC Intelligent Solutions Holdings Inc. to open at $11.45, and during the day (based on 14 day Average True Range), to move between $11.21 and $11.67, which gives a possible trading interval of +/-$0.230 (+/-2.01%) up or down from last closing price. If CCC Intelligent Solutions Holdings Inc. takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.42 (0.17%) than the resistance at $11.66 (1.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CCC Intelligent Solutions Holdings Inc. stock A Buy?
CCC Intelligent Solutions Holdings Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.409 Sell Candidate Unchanged
Predicted Opening Price for CCC Intelligent Solutions Holdings Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $11.45 ( 0.0728%) | $11.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCCS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.55 | 0.99 % | |
| R2 | 11.51 | 0.640 % | ||
| R1 | 11.49 | 0.423 % | ||
| Current price: | 11.44 | |||
| Support | S1 | 11.41 | -0.278 % | |
| S2 | 11.38 | -0.494 % | ||
| S3 | 11.34 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.86 | 3.67 % | |
| R2 | 11.80 | 3.15 % | ||
| R1 | 11.66 | 1.92 % | ||
| Current price | 11.44 | |||
| Support | S1 | 11.42 | -0.175% | |
| S2 | 11.05 | -3.41% | ||
| S3 | 11.01 | -3.76% |
FAQ
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