Cresud S.A.C.I.F. y A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Cresud S.A.C.I.F. y A. as stock downgraded to Hold/Accumulate.
(Updated on Apr 18, 2024)
The Cresud S.A.C.I.F. y A. stock price gained 0.573% on the last trading day (Thursday, 18th Apr 2024), rising from $8.73 to $8.78. During the last trading day the stock fluctuated 1.95% from a day low at $8.72 to a day high of $8.89. The price has been going up and down for this period, and there has been a -4.88% loss for the last 2 weeks. Volume fell on the last day by -62 thousand shares and in total, 97 thousand shares were bought and sold for approximately $847.37 thousand. 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cresud S.A.C.I.F. y A. stock with a 90% probability to be traded between $7.97 and $9.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CRESY Signals & Forecast
The Cresud S.A.C.I.F. y A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $9.12. On a fall, the stock will find some support from the long-term average at approximately $8.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.13%. 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 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 Cresud S.A.C.I.F. y A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.20 and $8.10. 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, Cresud S.A.C.I.F. y A. finds support just below today's level at $8.20. If this is broken, then the next support from accumulated volume will be at $8.10 and $8.06.
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 1.95%. For the last week the stock has had daily average volatility of 5.30%.
Our recommended stop-loss: $8.29 (-5.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (CRESY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Cresud S.A.C.I.F. y A. to open at $8.80, and during the day (based on 14 day Average True Range), to move between $8.39 and $9.17, which gives a possible trading interval of +/-$0.388 (+/-4.42%) 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 8.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.83 (0.57%) than the support at $8.20 (6.61%), 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 Cresud S.A.C.I.F. y A. stock A Buy?
Cresud S.A.C.I.F. y A. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.331 Hold/Accumulate Downgraded
Predicted Opening Price for Cresud S.A.C.I.F. y A. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $8.80 ( 0.190%) | $8.78 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 8.97 | 2.13 % | |
| R2 | 8.90 | 1.39 % | ||
| R1 | 8.86 | 0.93 % | ||
| Current price: | 8.78 | |||
| Support | S1 | 8.73 | -0.550 % | |
| S2 | 8.69 | -1.01 % | ||
| S3 | 8.63 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.69 | 10.36 % | |
| R2 | 9.35 | 6.49 % | ||
| R1 | 8.83 | 0.569 % | ||
| Current price | 8.78 | |||
| Support | S1 | 8.20 | -6.61% | |
| S2 | 8.10 | -7.74% | ||
| S3 | 8.06 | -8.20% |
CRESY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.364 | 4.01% |
| 2 | May 22, 2023 | May 31, 2023 | Jun 06, 2023 | $0.332 | 4.62% |
| 3 | Nov 21, 2022 | Dec 01, 2022 | Dec 09, 2022 | $0.151 | 2.93% |
| 4 | Nov 01, 2017 | Nov 10, 2017 | Nov 13, 2017 | $0.410 | 1.94% |
| 5 | Nov 18, 2013 | Nov 18, 2013 | Nov 18, 2013 | $0.278 | 2.80% |
FAQ
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