The Carlyle Group Inc. 4.625% Stock Forecast
The Carlyle Group Inc. 4.625% stock price down 0.416% on Thursday
(Updated on Jun 27, 2024)
The The Carlyle Group Inc. 4.625% stock price fell by -0.416% on the last day (Thursday, 27th Jun 2024) from $18.36 to $18.28. During the last trading day the stock fluctuated 1.43% from a day low at $18.22 to a day high of $18.48. The price has risen in 6 of the last 10 days and is up by 2.66% over the past 2 weeks. 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 -656 shares and in total, 7 thousand shares were bought and sold for approximately $123.85 thousand.
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 $18.43 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 -7.93% during the next 3 months and, with a 90% probability hold a price between $15.62 and $16.97 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
The The Carlyle Group Inc. 4.625% 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 $18.19 and $18.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 4.12%. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for The Carlyle Group Inc. 4.625% stock
The Carlyle Group Inc. 4.625% finds support from accumulated volume at $18.16 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 $0.260 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.26%
Our recommended stop-loss: $17.58 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (CGABL) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect The Carlyle Group Inc. 4.625% Subordinated Notes Due 2061 to open at $18.33, and during the day (based on 14 day Average True Range), to move between $18.03 and $18.54, which gives a possible trading interval of +/-$0.256 (+/-1.40%) 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 2.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.16 (0.68%) than the resistance at $18.46 (0.96%), 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?
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: 2.152 Buy Candidate Unchanged
Predicted Opening Price for The Carlyle Group Inc. 4.625% Subordinated Notes Due 2061 of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $18.33 ( 0.242%) | $18.28 |
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 | 18.59 | 1.66% |
| R2 | 18.49 | 1.12% |
| R1 | 18.43 | 0.785% |
| Price | 18.28 | |
| S1 | 18.23 | -0.301% |
| S2 | 18.17 | -0.637% |
| S3 | 18.07 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.99 | 9.33% |
| R2 | 19.51 | 6.71% |
| R1 | 18.46 | 0.96% |
| Price | 18.28 | |
| S1 | 18.16 | -0.677% |
| S2 | 18.07 | -1.20% |
| S3 | 18.06 | -1.22% |
CGABL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Nov 01, 2024 | Nov 15, 2024 | $0.289 | 1.58% |
| 2 | Dec 15, 2023 | Aug 01, 2024 | Aug 15, 2024 | $0.289 | 1.58% |
| 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.
