RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CPLP
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Capital Product Partners L.P. stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Capital Product Partners L.P. stock price gained 0.115% on the last trading day (Wednesday, 27th Mar 2024), rising from $17.43 to $17.45. During the last trading day the stock fluctuated 2.80% from a day low at $17.17 to a day high of $17.65. The price has fallen in 7 of the last 10 days and is down by -5.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately $297.87 thousand.

The stock lies in the middle of a wide and weak 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 9.62% during the next 3 months and, with a 90% probability hold a price between $16.99 and $21.11 at the end of this 3-month period.

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CPLP Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Capital Product Partners L.P. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Capital Product Partners 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 $17.69 and $17.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -5.57%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Capital Product Partners L.P. stock

Capital Product Partners L.P. finds support from accumulated volume at $17.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.480 (2.80%) between high and low. For the last week, the stock has had daily average volatility of 2.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CPLP) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Capital Product Partners L.P. to open at $17.42, and during the day (based on 14 day Average True Range), to move between $16.94 and $17.96, which gives a possible trading interval of +/-$0.512 (+/-2.93%) up or down from last closing price. If Capital Product Partners L.P. takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.73 (1.60%) than the support at $17.11 (1.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Capital Product Partners L.P. stock A Buy?

The Capital Product Partners L.P. stock holds several negative signals and despite the positive trend, we believe Capital Product Partners L.P. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.368 Sell Candidate Downgraded

Predicted Opening Price for Capital Product Partners L.P. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$17.42 ( 0.153%) $17.45

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

Trading levels for CPLP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.90 2.60 %
R2 17.72 1.55 %
R1 17.61 0.90 %
Current price: 17.45
Support S1 17.24 -1.20 %
S2 17.13 -1.85 %
S3 16.94 -2.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.25 4.58 %
R2 17.94 2.81 %
R1 17.73 1.60 %
Current price 17.45
Support S1 17.11 -1.95%
S2 17.03 -2.41%
S3 16.12 -7.62%

CPLP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 25, 2024 Feb 05, 2024 Feb 13, 2024 $0.150 0.84%
2 Oct 23, 2023 Nov 03, 2023 Nov 13, 2023 $0.150 1.08%
3 Jul 20, 2023 Aug 01, 2023 Aug 08, 2023 $0.150 1.03%
4 Apr 25, 2023 May 05, 2023 May 12, 2023 $0.150 1.20%
5 Jan 26, 2023 Feb 06, 2023 Feb 10, 2023 $0.150 1.08%

FAQ

What is the symbol for Capital Product Partners L.P. Stock and on which exchange is it traded?
The symbol for Capital Product Partners L.P. is CPLP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Capital Product Partners L.P. Stock?
The Capital Product Partners L.P. stock holds several negative signals and despite the positive trend, we believe Capital Product Partners L.P. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Capital Product Partners L.P. Stock?
Capital Product Partners L.P. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Capital Product Partners L.P. Stock.

What's the current price of Capital Product Partners L.P. Stock?
As of the end of day on the 2024-03-27, the price of an Capital Product Partners L.P. (CPLP) share was $17.45.

What is the 52-week high and low for Capital Product Partners L.P. Stock?
The 52-week high for Capital Product Partners L.P. Stock is $18.85 and the 52-week low is $12.02.

What is the market capitalization of Capital Product Partners L.P. Stock?
As of the 2024-03-27, the market capitalization of Capital Product Partners L.P. is 965.655M.

When is the next earnings date for Capital Product Partners L.P.?
The upcoming earnings date for Capital Product Partners L.P. is May 03, 2024.
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About Capital Product Partners L.P.

Capital Product Partners L.P. Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels transport a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters. As of April 27, 2022, the company owned 21 vessels, including 11 Neo-Panamax container vessels, three Panamax container vessels, one cape-size bulk carrier, and... CPLP Profile

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