CRA International Stock Forecast

CRA International stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)

CRAI Signals & Forecast

There are mixed signals in the stock today. The CRA International 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 $172.84. On a fall, the stock will find some support from the short-term average at $172.19. 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. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -7.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Wednesday, August 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for CRA International stock

CRA International finds support from accumulated volume at $172.22 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 $6.54 (3.92%) between high and low. For the last week, the stock has had daily average volatility of 2.77%.

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

Trading Expectations (CRAI) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect CRA International to open at $170.79, and during the day (based on 14 day Average True Range), to move between $167.84 and $176.92, which gives a possible trading interval of +/-$4.54 (+/-2.63%) up or down from last closing price. If CRA International takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $172.22 (0.09%) than the resistance at $175.97 (2.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CRA International stock A Buy?

CRA International holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.355 Sell Candidate Downgraded

Predicted Opening Price for CRA International of Wednesday, July 3, 2024

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