CCL Industries Inc. Class B 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
CCL Industries Inc. Class B stock downgraded to Hold/Accumulate
(Updated on Jun 24, 2024)
No changes to the price of CCL Industries Inc. Class B stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $71.04 to a day high of $71.04. The price has risen in 5 of the last 10 days but is still down by -1.18% for this period.
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 3.45% during the next 3 months and, with a 90% probability hold a price between $71.86 and $76.94 at the end of this 3-month period.
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CCL-B.TO Signals & Forecast
There are mixed signals in the stock today. The CCL Industries Inc. Class B 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 $71.30 and $71.34. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.85%. 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).
Support, Risk & Stop-loss for CCL Industries Inc. Class B stock
CCL Industries Inc. Class B finds support from accumulated volume at $70.04 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.53%
Our recommended stop-loss: $67.02 (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CCL-B.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect CCL Industries Inc. Class B to open at $71.04, and during the day (based on 14 day Average True Range), to move between $69.66 and $72.42, which gives a possible trading interval of +/-$1.38 (+/-1.94%) up or down from last closing price. If CCL Industries Inc. Class B takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $71.33 (0.41%) than the support at $70.04 (1.41%), 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 CCL Industries Inc. Class B stock A Buy?
CCL Industries Inc. Class B 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.639 Hold/Accumulate Downgraded
Predicted Opening Price for CCL Industries Inc. Class B of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $71.04 ( 0%) | $71.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCL-B.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.04 | - |
| R2 | 71.04 | - |
| R1 | 71.04 | - |
| Price | 71.04 | |
| S1 | 71.04 | - |
| S2 | 71.04 | - |
| S3 | 71.04 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.68 | 2.31% |
| R2 | 71.69 | 0.91% |
| R1 | 71.33 | 0.408% |
| Price | 71.04 | |
| S1 | 70.04 | -1.41% |
| S2 | 69.89 | -1.62% |
| S3 | 69.15 | -2.66% |
CCL-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.290 | 0.402% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.290 | 0.419% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.265 | 0.445% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.265 | 0.465% |
| 5 | Jun 15, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.265 | 0.407% |
FAQ
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