Carter's Inc Stock Forecast

Red day on Wednesday for Carter's Inc stock after losing 0%
(Updated on May 01, 2024)

CRI Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Carter's 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 $70.76 and $77.51. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Carter's Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.19 between high and low, or 1.74%. For the last week, the stock has had daily average volatility of 3.33%.

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

Trading Expectations (CRI) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Carter's Inc to open at $68.62, and during the day (based on 14 day Average True Range), to move between $66.33 and $70.49, which gives a possible trading interval of +/-$2.08 (+/-3.04%) up or down from last closing price. If Carter's Inc takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $70.01, some $1.60 (2.34%) from the current price of $68.41, our system finds the risk reward not very attractive.

Is Carter's Inc stock A Buy?

Carter's Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.795 Sell Candidate Unchanged

Predicted Opening Price for Carter's Inc of Thursday, May 2, 2024

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