Cricut, Inc. Stock Forecast
Red day on Tuesday for Cricut, Inc. stock after losing 2.52%
(Updated on Jul 02, 2024)
The Cricut, Inc. stock price fell by -2.52% on the last day (Tuesday, 2nd Jul 2024) from $5.55 to $5.41. During the last trading day the stock fluctuated 8.60% from a day low at $5.00 to a day high of $5.43. The price has fallen in 7 of the last 10 days and is down by -19.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -187 thousand shares and in total, 968 thousand shares were bought and sold for approximately $5.24 million.
Given the current short-term trend, the stock is expected to rise 19.92% during the next 3 months and, with a 90% probability hold a price between $6.49 and $10.84 at the end of this 3-month period.
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CRCT Signals & Forecast
There are few to no technical positive signals at the moment. The Cricut, Inc. 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 $5.80 and $6.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -33.54%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Cricut, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.04 and $5.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cricut, Inc. finds support just below today's level at $5.04. If this is broken, then the next support from accumulated volume will be at $5.00 and $4.99.
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 $0.430 between high and low, or 8.60%. For the last week, the stock has had daily average volatility of 7.10%.
Cricut, Inc. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRCT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Cricut, Inc. to open at $5.28, and during the day (based on 14 day Average True Range), to move between $5.07 and $5.75, which gives a possible trading interval of +/-$0.342 (+/-6.31%) up or down from last closing price. If Cricut, Inc. takes out the full calculated possible swing range there will be an estimated 12.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.53 (2.22%) than the support at $5.04 (6.84%), 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 Cricut, Inc. stock A Buy?
The Cricut, Inc. stock holds several negative signals and despite the positive trend, we believe Cricut, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.155 Sell Candidate Unchanged
Predicted Opening Price for Cricut, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $5.28 ( 2.40%) | $5.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRCT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.71 | 5.55% |
| R2 | 5.55 | 2.51% |
| R1 | 5.44 | 0.633% |
| Price | 5.41 | |
| S1 | 5.12 | -5.44% |
| S2 | 5.01 | -7.31% |
| S3 | 4.85 | -10.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.23 | 15.16% |
| R2 | 6.11 | 12.94% |
| R1 | 5.53 | 2.22% |
| Price | 5.41 | |
| S1 | 5.04 | -6.84% |
| S2 | 5.00 | -7.58% |
| S3 | 4.99 | -7.76% |
CRCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | Jul 02, 2024 | Jul 19, 2024 | $0.500 | 9.24% |
| 2 | Aug 06, 2023 | Jun 30, 2023 | Jul 17, 2023 | $1.00 | 7.69% |
| 3 | Dec 22, 2022 | Jan 31, 2023 | Feb 15, 2023 | $0.350 | 3.59% |
FAQ
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