Is CRA International stock still a buy after falling -5.57% on Friday ?
(Updated on Nov 26, 2021)
Hold candidate since 2021-11-26 PDF
The CRA International stock price fell by -5.57% on the last day (Friday, 26th Nov 2021) from $102.83 to $97.10. and has now fallen 4 days in a row. During the day the stock fluctuated 6.26% from a day low at $96.24 to a day high of $102.26. The price has risen in 6 of the last 10 days, but is still down by -1.58% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 31 thousand shares were bought and sold for approximately $2.97 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $94.84 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.11% during the next 3 months and, with a 90% probability hold a price between $105.37 and $132.19 at the end of this 3-month period.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CRA International 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 $102.94 and $104.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 22, 2021, and so far it has fallen -8.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
CRA International finds support from accumulated volume at $96.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $6.03 between high and low, or 6.26%. For the last week, the stock has had a daily average volatility of 3.45%.
Our recommended stop-loss: $92.36 (-4.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Is CRA International stock A Buy?
CRA International holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.547
Predicted Opening Price for CRA International of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
Remember To Visit Our YouTube Channel
On Aug 06, 2021 "Barrington Research" gave "$101.00 - $105.00" rating for CRAI. The price target was set to $92.59+7.5%.
CRAI Insider Trading
|Nov 19, 2021||Sell||4 300||Holthausen Robert W||Common Stock|
|Nov 19, 2021||Sell||2 958||Holthausen Robert W||Common Stock|
|Sep 27, 2021||Sell||3 913||Yellin Jonathan D||Nonqualified Stock Option (right to buy)|
|Sep 27, 2021||Sell||1 138||Yellin Jonathan D||Common Stock|
|Sep 27, 2021||Sell||2 575||Yellin Jonathan D||Common Stock|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.