Cresud S.A.C.I.F. y A. Stock Forecast
Cresud S.A.C.I.F. y A. stock price ended at $7.92 on Tuesday, after losing 0%.
(Updated on Jul 02, 2024)
No changes to the price of Cresud S.A.C.I.F. y A. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 2.55% from a day low at $7.83 to a day high of $8.03. The price has fallen in 6 of the last 10 days and is down by -3.18% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.61% during the next 3 months and, with a 90% probability hold a price between $6.69 and $8.23 at the end of this 3-month period.
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CRESY Signals & Forecast
There are mixed signals in the stock today. The Cresud S.A.C.I.F. y A. 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 $8.06 and $8.93. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.444%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cresud S.A.C.I.F. y A. stock
Cresud S.A.C.I.F. y A. finds support from accumulated volume at $7.89 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 $0.200 between high and low, or 2.55%. For the last week the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRESY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Cresud S.A.C.I.F. y A. to open at $7.93, and during the day (based on 14 day Average True Range), to move between $7.57 and $8.27, which gives a possible trading interval of +/-$0.354 (+/-4.47%) up or down from last closing price. If Cresud S.A.C.I.F. y A. takes out the full calculated possible swing range there will be an estimated 8.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.89 (0.44%) than the resistance at $9.69 (22.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cresud S.A.C.I.F. y A. stock A Buy?
Cresud S.A.C.I.F. y A. 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.
Current score: -2.561 Sell Candidate Unchanged
Predicted Opening Price for Cresud S.A.C.I.F. y A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $7.93 ( 0.0842%) | $7.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRESY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.13 | 2.61% |
| R2 | 8.05 | 1.64% |
| R1 | 8.00 | 1.05% |
| Price | 7.92 | |
| S1 | 7.85 | -0.88% |
| S2 | 7.80 | -1.48% |
| S3 | 7.73 | -2.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.87 | 24.62% |
| R2 | 9.77 | 23.36% |
| R1 | 9.69 | 22.35% |
| Price | 7.92 | |
| S1 | 7.89 | -0.442% |
| S2 | 0 | - |
| S3 | 0 | - |
CRESY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 10, 2024 | $0.363 | 4.43% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.364 | 4.01% |
| 3 | May 22, 2023 | May 31, 2023 | Jun 06, 2023 | $0.332 | 4.66% |
| 4 | Nov 21, 2022 | Dec 01, 2022 | Dec 09, 2022 | $0.151 | 2.96% |
| 5 | Nov 01, 2017 | Nov 10, 2017 | Nov 13, 2017 | $0.410 | 2.10% |
FAQ
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