Crown Holdings Inc Stock Forecast

Crown Holdings Inc stock price up 1.02% on Friday
(Updated on Apr 26, 2024)

CCK Signals & Forecast

The Crown Holdings 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 $78.83 and $78.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 15, 2024, and so far it has risen 12.02%. 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 Wednesday, March 20, 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 Crown Holdings Inc stock

Crown Holdings Inc finds support from accumulated volume at $77.26 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 $1.29 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 2.27%.

Our recommended stop-loss: $77.56 (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (CCK) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Crown Holdings Inc to open at $80.63, and during the day (based on 14 day Average True Range), to move between $78.92 and $82.26, which gives a possible trading interval of +/-$1.67 (+/-2.07%) up or down from last closing price. If Crown Holdings Inc takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $77.26 (4.13%) than the resistance at $88.33 (9.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Crown Holdings Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.180 Buy Candidate Unchanged

Predicted Opening Price for Crown Holdings Inc of Monday, April 29, 2024

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