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AI Analysis of CPG
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Crescent point energy stock upgraded to Strong Buy Candidate.
(Updated on Apr 11, 2024)

Buy candidate since Mar 25, 2024 Gain 10.88% PDF

The Crescent point energy stock price gained 1.26% on the last trading day (Thursday, 11th Apr 2024), rising from $8.76 to $8.87. During the last trading day the stock fluctuated 2.97% from a day low at $8.76 to a day high of $9.02. The price has risen in 6 of the last 10 days and is up by 10.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $94.80 million.

The stock lies in the middle of a wide and strong 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 40.09% during the next 3 months and, with a 90% probability hold a price between $11.40 and $13.05 at the end of this 3-month period.

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CPG Signals & Forecast

Mostly positive signals in the chart today. The Crescent point energy 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 $8.81 and $7.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 44.70%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Crescent point energy stock

Crescent point energy finds support from accumulated volume at $8.80 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 $0.260 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 2.04%.

Our recommended stop-loss: $8.57 (-3.38%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 46 days ago.)

Trading Expectations (CPG) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Crescent Point Energy Corporation to open at $8.88, and during the day (based on 14 day Average True Range), to move between $8.68 and $9.06, which gives a possible trading interval of +/-$0.191 (+/-2.15%) up or down from last closing price. If Crescent Point Energy Corporation takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $8.80, some $0.0700 (0.79%) from the current price of $8.87, our system finds the risk reward attractive.

Is Crescent Point Energy Corporation stock A Buy?

Crescent point energy holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.217 Strong Buy Candidate Upgraded

Predicted Opening Price for Crescent Point Energy Corporation of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$8.88 ( 0.151%) $8.87

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CPG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.14 3.08 %
R2 9.04 1.96 %
R1 8.98 1.27 %
Current price: 8.87
Support S1 8.78 -0.97 %
S2 8.72 -1.66 %
S3 8.62 -2.78 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 8.87
Support S1 8.80 -0.789%
S2 7.51 -15.33%
S3 7.12 -19.73%

CPG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Mar 14, 2024 Apr 01, 2024 $0.0860 1.05%
2 Nov 02, 2023 Dec 14, 2023 Jan 02, 2024 $0.0700 1.01%
3 Nov 14, 2023 Nov 14, 2023 Nov 14, 2023 $0 0%
4 Jul 26, 2023 Sep 14, 2023 Oct 02, 2023 $0.0740 0.94%
5 Aug 04, 2023 Aug 04, 2023 Oct 02, 2023 $0.0260 0.330%

FAQ

What is the symbol for Crescent point energy Stock and on which exchange is it traded?
The symbol for Crescent point energy is CPG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Crescent point energy Stock?
Crescent point energy holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Crescent point energy Stock?
Crescent point energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Crescent point energy Stock.

What's the current price of Crescent point energy Stock?
As of the end of day on the 2024-04-11, the price of an Crescent point energy (CPG) share was $8.87.

What is the 52-week high and low for Crescent point energy Stock?
The 52-week high for Crescent point energy Stock is $9.02 and the 52-week low is $6.03.

What is the market capitalization of Crescent point energy Stock?
As of the 2024-04-11, the market capitalization of Crescent point energy is 5.437B.

When is the next earnings date for Crescent point energy?
The upcoming earnings date for Crescent point energy is May 10, 2024.
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