Crescent point energy Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Crescent point energy stock price ended at $9.07 on Friday, after gaining 0.778%.
(Updated on Apr 26, 2024)
The Crescent point energy stock price gained 0.778% on the last trading day (Friday, 26th Apr 2024), rising from $9.00 to $9.07. During the last trading day the stock fluctuated 1.67% from a day low at $8.93 to a day high of $9.08. The price has been going up and down for this period, and there has been a 3.42% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $23.88 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 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 44.36% during the next 3 months and, with a 90% probability hold a price between $12.77 and $13.87 at the end of this 3-month period.
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CPG Signals & Forecast
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 $8.80 and $8.33. 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 47.96%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 $0.149 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: $8.77 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (CPG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Crescent Point Energy Corporation to open at $9.03, and during the day (based on 14 day Average True Range), to move between $8.85 and $9.29, which gives a possible trading interval of +/-$0.224 (+/-2.47%) 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 4.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $8.80, some $0.270 (2.98%) from the current price of $9.07, 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.
Current score: 6.472 Strong Buy Candidate Unchanged
Predicted Opening Price for Crescent Point Energy Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $9.03 ( 0.482%) | $9.07 |
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 | 9.18 | 1.16 % | |
| R2 | 9.12 | 0.532 % | ||
| R1 | 9.08 | 0.145 % | ||
| Current price: | 9.07 | |||
| Support | S1 | 8.97 | -1.11 % | |
| S2 | 8.93 | -1.50 % | ||
| S3 | 8.88 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 9.07 | |||
| Support | S1 | 8.80 | -2.98% | |
| S2 | 8.51 | -6.17% | ||
| S3 | 7.51 | -17.20% |
CPG Dividend Payout History
| # | 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
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