The Carlyle Group L.P. Stock Forecast
The Carlyle Group L.P. stock price ended at $46.11 on Friday, after gaining 1.07%.
(Updated on Apr 26, 2024)
The The Carlyle Group L.P. stock price gained 1.07% on the last trading day (Friday, 26th Apr 2024), rising from $45.62 to $46.11. During the last trading day the stock fluctuated 2.06% from a day low at $45.58 to a day high of $46.52. The price has fallen in 6 of the last 10 days but is still up by 0.7% over the past 2 weeks. Volume fell on the last day by -663 thousand shares and in total, 782 thousand shares were bought and sold for approximately $36.06 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and 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 9.18% during the next 3 months and, with a 90% probability hold a price between $48.02 and $53.18 at the end of this 3-month period.
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CG Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Carlyle Group L.P. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $46.15. On a fall, the stock will find some support from the short-term average at $45.31. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The Carlyle Group L.P. stock
The Carlyle Group L.P. finds support from accumulated volume at $45.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.94 (2.06%) between high and low. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect The Carlyle Group L.P. to open at $46.07, and during the day (based on 14 day Average True Range), to move between $44.95 and $47.27, which gives a possible trading interval of +/-$1.16 (+/-2.53%) up or down from last closing price. If The Carlyle Group L.P. takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.37 (0.56%) than the support at $45.61 (1.08%), 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.
Earnings coming up
The Carlyle Group L.P. will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.92. We will update the financials statements for The Carlyle Group L.P., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.16% in the first trading day after earnings release.
Is The Carlyle Group L.P. stock A Buy?
The The Carlyle Group L.P. stock holds several negative signals and despite the positive trend, we believe The Carlyle Group L.P. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.224 Sell Candidate Unchanged
Predicted Opening Price for The Carlyle Group L.P. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $46.07 ( 0.0867%) | $46.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.01 | 1.95 % | |
| R2 | 46.65 | 1.17 % | ||
| R1 | 46.43 | 0.692 % | ||
| Current price: | 46.11 | |||
| Support | S1 | 45.71 | -0.87 % | |
| S2 | 45.49 | -1.35 % | ||
| S3 | 45.13 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.62 | 3.27 % | |
| R2 | 46.67 | 1.21 % | ||
| R1 | 46.37 | 0.564 % | ||
| Current price | 46.11 | |||
| Support | S1 | 45.61 | -1.08% | |
| S2 | 44.58 | -3.32% | ||
| S3 | 44.24 | -4.06% |
CG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 22, 2024 | Mar 01, 2024 | $0.350 | 0.767% |
| 2 | Nov 03, 2023 | Nov 20, 2023 | Nov 29, 2023 | $0.350 | 1.01% |
| 3 | Jul 25, 2023 | Aug 14, 2023 | Aug 23, 2023 | $0.350 | 1.17% |
| 4 | Apr 25, 2023 | May 15, 2023 | May 23, 2023 | $0.350 | 1.26% |
| 5 | Feb 01, 2023 | Feb 21, 2023 | May 23, 2023 | $0.325 | 1.17% |
FAQ
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