The Carlyle Group Inc. 4.625% Stock Forecast
The Carlyle Group Inc. 4.625% stock upgraded to Hold/Accumulate.
(Updated on Jun 21, 2024)
The The Carlyle Group Inc. 4.625% stock price gained 0.111% on the last trading day (Friday, 21st Jun 2024), rising from $18.03 to $18.05. During the last trading day the stock fluctuated 0.86% from a day low at $17.93 to a day high of $18.08. The price has been going up and down for this period, and there has been a -0.06% loss for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 45 thousand shares were bought and sold for approximately $812.09 thousand. 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $18.08 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.57% during the next 3 months and, with a 90% probability hold a price between $15.12 and $16.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CGABL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 2.79%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Carlyle Group Inc. 4.625% 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 $18.07. On a fall, the stock will find some support from the short-term average at $17.90. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for The Carlyle Group Inc. 4.625% stock
The Carlyle Group Inc. 4.625% finds support from accumulated volume at $18.03 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 $0.155 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 1.12%
Our recommended stop-loss: $17.25 (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (CGABL) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect The Carlyle Group Inc. 4.625% Subordinated Notes Due 2061 to open at $18.02, and during the day (based on 14 day Average True Range), to move between $17.80 and $18.30, which gives a possible trading interval of +/-$0.255 (+/-1.41%) up or down from last closing price. If The Carlyle Group Inc. 4.625% Subordinated Notes Due 2061 takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.03 (0.11%) than the resistance at $18.16 (0.61%), 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 Inc. 4.625% Subordinated Notes Due 2061 stock A Buy?
The Carlyle Group Inc. 4.625% 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.493 Hold/Accumulate Upgraded
Predicted Opening Price for The Carlyle Group Inc. 4.625% Subordinated Notes Due 2061 of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$18.02 ( 0.157%) | $18.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGABL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 18.18 | 0.701% |
R2 | 18.12 | 0.373% |
R1 | 18.08 | 0.171% |
Price | 18.05 | |
S1 | 17.96 | -0.485% |
S2 | 17.93 | -0.688% |
S3 | 17.87 | -1.02% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.99 | 10.75% |
R2 | 19.51 | 8.09% |
R1 | 18.16 | 0.609% |
Price | 18.05 | |
S1 | 18.03 | -0.111% |
S2 | 17.83 | -1.22% |
S3 | 17.56 | -2.71% |
CGABL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 18, 2023 | Nov 01, 2024 | Nov 15, 2024 | $0.289 | 1.60% |
2 | Dec 15, 2023 | Aug 01, 2024 | Aug 15, 2024 | $0.289 | 1.60% |
3 | Apr 30, 2024 | Apr 30, 2024 | May 15, 2024 | $0.289 | 1.57% |
4 | Jan 31, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.289 | 1.50% |
5 | Oct 31, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.289 | 1.65% |
FAQ
Click here for our free guide on how to buy The Carlyle Group Inc. 4.625% Subordinated Notes Due 2061 Stock.