Crimson Wine Group, Ltd Stock Forecast
Crimson Wine Group, Ltd stock price down 0% on Friday
(Updated on Apr 26, 2024)
No changes to the price of Crimson Wine Group, Ltd stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0.94% from a day low at $5.88 to a day high of $5.94. The price has fallen in 5 of the last 10 days but is still up by 1.2% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Crimson Wine Group, Ltd stock with a 90% probability to be traded between $5.71 and $6.02 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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CWGL Signals & Forecast
The Crimson Wine Group, Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.90 and $5.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.84%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, April 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 26, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 26, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 26, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Monday, April 22, 2024 and based on theory for this formation the price should fall by -4.67% to $5.62 within 52 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Crimson Wine Group, Ltd stock
Crimson Wine Group, Ltd finds support from accumulated volume at $5.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0550 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: $5.57 (-5.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CWGL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Crimson Wine Group, Ltd to open at $5.91, and during the day (based on 14 day Average True Range), to move between $5.79 and $6.01, which gives a possible trading interval of +/-$0.109 (+/-1.85%) up or down from last closing price. If Crimson Wine Group, Ltd takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.97 (1.19%) than the support at $5.82 (1.36%), 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 Crimson Wine Group, Ltd stock A Buy?
Crimson Wine Group, Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.137 Hold/Accumulate Unchanged
Predicted Opening Price for Crimson Wine Group, Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $5.91 ( 0.0847%) | $5.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWGL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.96 | 1.02 % | |
| R2 | 5.94 | 0.661 % | ||
| R1 | 5.93 | 0.441 % | ||
| Current price: | 5.90 | |||
| Support | S1 | 5.88 | -0.271 % | |
| S2 | 5.87 | -0.491 % | ||
| S3 | 5.85 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.04 | 2.37 % | |
| R2 | 5.99 | 1.53 % | ||
| R1 | 5.97 | 1.19 % | ||
| Current price | 5.90 | |||
| Support | S1 | 5.82 | -1.36% | |
| S2 | 5.80 | -1.69% | ||
| S3 | 5.76 | -2.37% |
FAQ
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