Crescent Energy Company Stock Forecast
Green day on Tuesday for Crescent Energy Company
(Updated on Jul 02, 2024)
The Crescent Energy Company stock price gained 1.86% on the last trading day (Tuesday, 2nd Jul 2024), rising from $11.82 to $12.04. During the last trading day the stock fluctuated 2.16% from a day low at $11.80 to a day high of $12.05. The price has fallen in 6 of the last 10 days but is still up by 1.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 221 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $25.69 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.62% during the next 3 months and, with a 90% probability hold a price between $11.70 and $14.10 at the end of this 3-month period.
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CRGY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.24%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Crescent Energy Company 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 $12.14. On a fall, the stock will find some support from the short-term average at $11.85. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Monday, May 20, 2024 and based on theory for this formation the price should fall by -4.98% to $11.44 within 7 trading days since signal was issued (Thursday, May 30, 2024).
Support, Risk & Stop-loss for Crescent Energy Company stock
Crescent Energy Company finds support from accumulated volume at $11.90 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 $0.255 (2.16%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRGY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Crescent Energy Company to open at $11.96, and during the day (based on 14 day Average True Range), to move between $11.69 and $12.39, which gives a possible trading interval of +/-$0.347 (+/-2.89%) up or down from last closing price. If Crescent Energy Company takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.90 (1.16%) than the resistance at $12.47 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Crescent Energy Company stock A Buy?
Crescent Energy Company 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: -2.925 Sell Candidate Unchanged
Predicted Opening Price for Crescent Energy Company of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $11.96 ( 0.651%) | $12.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRGY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.22 | 1.47% |
| R2 | 12.12 | 0.658% |
| R1 | 12.06 | 0.158% |
| Price | 12.04 | |
| S1 | 11.86 | -1.46% |
| S2 | 11.80 | -1.96% |
| S3 | 11.71 | -2.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.62 | 4.82% |
| R2 | 12.60 | 4.65% |
| R1 | 12.47 | 3.57% |
| Price | 12.04 | |
| S1 | 11.90 | -1.16% |
| S2 | 11.87 | -1.41% |
| S3 | 11.64 | -3.32% |
CRGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | Jun 07, 2024 | $0.120 | 0.98% |
| 2 | Mar 04, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.120 | 1.01% |
| 3 | Nov 06, 2023 | Nov 17, 2023 | Dec 04, 2023 | $0.120 | 1.04% |
| 4 | Aug 09, 2023 | Aug 22, 2023 | Sep 06, 2023 | $0.120 | 0.89% |
| 5 | May 10, 2023 | May 23, 2023 | Jun 07, 2023 | $0.120 | 1.15% |
FAQ
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