The Carlyle Group L.P. Stock Forecast
The Carlyle Group L.P. stock upgraded to Hold/Accumulate.
(Updated on May 07, 2024)
The The Carlyle Group L.P. stock price fell by -0.0238% on the last day (Tuesday, 7th May 2024) from $41.99 to $41.98. During the last trading day the stock fluctuated 1.54% from a day low at $41.94 to a day high of $42.58. The price has fallen in 6 of the last 10 days and is down by -9.39% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -95 thousand shares and in total, 2 million shares were bought and sold for approximately $70.14 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect The Carlyle Group L.P. stock with a 90% probability to be traded between $39.73 and $46.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 3.45%. Further rise is indicated until a new top pivot has been found. 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 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 $42.53 and $45.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for The Carlyle Group L.P. stock
The Carlyle Group L.P. finds support from accumulated volume at $41.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.645 between high and low, or 1.54%. For the last week, the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: $39.86 (-5.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (CG) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect The Carlyle Group L.P. to open at $42.17, and during the day (based on 14 day Average True Range), to move between $40.65 and $43.31, which gives a possible trading interval of +/-$1.33 (+/-3.16%) 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 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.06 (2.19%) than the resistance at $44.58 (6.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Carlyle Group L.P. stock A Buy?
The Carlyle Group L.P. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.972 Hold/Accumulate Upgraded
Predicted Opening Price for The Carlyle Group L.P. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $42.17 ( 0.441%) | $41.98 |
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 | 42.81 | 1.98 % | |
| R2 | 42.56 | 1.39 % | ||
| R1 | 42.41 | 1.03 % | ||
| Current price: | 41.98 | |||
| Support | S1 | 41.92 | -0.146 % | |
| S2 | 41.77 | -0.509 % | ||
| S3 | 41.52 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.61 | 8.65 % | |
| R2 | 45.20 | 7.67 % | ||
| R1 | 44.58 | 6.19 % | ||
| Current price | 41.98 | |||
| Support | S1 | 41.06 | -2.19% | |
| S2 | 40.97 | -2.41% | ||
| S3 | 40.58 | -3.33% |
CG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 13, 2024 | May 21, 2024 | $0.350 | 0.83% |
| 2 | Feb 06, 2024 | Feb 22, 2024 | Mar 01, 2024 | $0.350 | 0.767% |
| 3 | Nov 03, 2023 | Nov 20, 2023 | Nov 29, 2023 | $0.350 | 1.01% |
| 4 | Jul 25, 2023 | Aug 14, 2023 | Aug 23, 2023 | $0.350 | 1.17% |
| 5 | Apr 25, 2023 | May 15, 2023 | May 23, 2023 | $0.350 | 1.26% |
FAQ
Click here for our free guide on how to buy The Carlyle Group L.P. Stock.
