Capital Product Partners L.P. 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
Capital Product Partners L.P. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The Capital Product Partners L.P. stock price gained 1.14% on the last trading day (Thursday, 18th Apr 2024), rising from $16.74 to $16.93. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.25% from a day low at $15.86 to a day high of $17.01. The price has been going up and down for this period, and there has been a 0.18% gain for the last 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 28 thousand shares were bought and sold for approximately $476.19 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 in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.89% during the next 3 months and, with a 90% probability hold a price between $14.98 and $16.66 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.
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CPLP Signals & Forecast
There are mixed signals in the stock today. The Capital Product Partners L.P. 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 $17.35. On a fall, the stock will find some support from the short-term average at $16.73. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.83%. Further rise is indicated until a new top 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 $16.74 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.15 between high and low, or 7.25%. For the last week the stock has had daily average volatility of 6.01%.
Our recommended stop-loss: $16.25 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (CPLP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Capital Product Partners L.P. to open at $16.60, and during the day (based on 14 day Average True Range), to move between $16.29 and $17.57, which gives a possible trading interval of +/-$0.637 (+/-3.76%) 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 7.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.74 (1.12%) than the resistance at $17.94 (5.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capital Product Partners L.P. stock A Buy?
Capital Product Partners L.P. 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: -0.355 Hold/Accumulate Upgraded
Predicted Opening Price for Capital Product Partners L.P. of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$16.60 ( 1.95%) | $16.93 |
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 | 17.75 | 4.84 % | |
R2 | 17.31 | 2.25 % | ||
R1 | 17.04 | 0.646 % | ||
Current price: | 16.93 | |||
Support | S1 | 16.16 | -4.54 % | |
S2 | 15.89 | -6.15 % | ||
S3 | 15.45 | -8.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.25 | 7.80 % | |
R2 | 18.10 | 6.91 % | ||
R1 | 17.94 | 5.97 % | ||
Current price | 16.93 | |||
Support | S1 | 16.74 | -1.12% | |
S2 | 16.62 | -1.83% | ||
S3 | 16.48 | -2.66% |
CPLP Dividend Payout History
# | 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
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