Crew Energy Inc. Stock Forecast
Crew Energy Inc. stock upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The Crew Energy Inc. stock price gained 1.54% on the last trading day (Thursday, 25th Apr 2024), rising from $4.56 to $4.63. During the last trading day the stock fluctuated 3.78% from a day low at $4.50 to a day high of $4.67. The price has been going up and down for this period, and there has been a -4.14% loss for the last 2 weeks. Volume fell on the last day by -66 thousand shares and in total, 248 thousand shares were bought and sold for approximately $1.15 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 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 14.50% during the next 3 months and, with a 90% probability hold a price between $5.05 and $5.87 at the end of this 3-month period.
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CR.TO Signals & Forecast
The Crew Energy Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $4.50 and $4.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.23%. Further rise is indicated until a new top pivot has been found. 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). 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.
Support, Risk & Stop-loss for Crew Energy Inc. stock
Crew Energy Inc. finds support from accumulated volume at $4.58 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 $0.170 between high and low, or 3.78%. For the last week the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: $4.44 (-4.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CR.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Crew Energy Inc. to open at $4.60, and during the day (based on 14 day Average True Range), to move between $4.48 and $4.78, which gives a possible trading interval of +/-$0.149 (+/-3.22%) up or down from last closing price. If Crew Energy Inc. takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.66 (0.65%) than the support at $4.58 (1.08%), 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 Crew Energy Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Crew Energy Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.159 Buy Candidate Upgraded
Predicted Opening Price for Crew Energy Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $4.60 ( 0.648%) | $4.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CR.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.77 | 3.02 % | |
| R2 | 4.71 | 1.62 % | ||
| R1 | 4.66 | 0.755 % | ||
| Current price: | 4.63 | |||
| Support | S1 | 4.54 | -2.05 % | |
| S2 | 4.49 | -2.92 % | ||
| S3 | 4.43 | -4.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.95 | 6.91 % | |
| R2 | 4.75 | 2.59 % | ||
| R1 | 4.66 | 0.648 % | ||
| Current price | 4.63 | |||
| Support | S1 | 4.58 | -1.08% | |
| S2 | 4.48 | -3.24% | ||
| S3 | 4.00 | -13.61% |
FAQ
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