Carrols Restaurant Group Stock Forecast
Red day on Friday for Carrols Restaurant Group stock after losing 0%
(Updated on May 03, 2024)
No changes to the price of Carrols Restaurant Group stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0.210% from a day low at $9.52 to a day high of $9.54. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Carrols Restaurant Group stock with a 90% probability to be traded between $9.59 and $9.62 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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TAST Signals & Forecast
The Carrols Restaurant Group 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 $9.51 and $9.50. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Carrols Restaurant Group stock
Carrols Restaurant Group finds support from accumulated volume at $9.51 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 $0.0200 between high and low, or 0.210%. For the last week the stock has had daily average volatility of 0.189%.
Our recommended stop-loss: $8.98 (-5.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TAST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Carrols Restaurant Group to open at $9.53, and during the day (based on 14 day Average True Range), to move between $9.50 and $9.54, which gives a possible trading interval of +/-$0.0203 (+/-0.21%) up or down from last closing price. If Carrols Restaurant Group takes out the full calculated possible swing range there will be an estimated 0.43% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.51, some $0.0100 (0.11%) from the current price of $9.52, our system finds the risk reward attractive.
Earnings coming up
Carrols Restaurant Group will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0400. We will update the financials statements for Carrols Restaurant Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.03% in the first trading day after earnings release.
Is Carrols Restaurant Group stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Carrols Restaurant Group stock to perform well in the short-term period.
Current score: 1.005 Buy Candidate Unchanged
Predicted Opening Price for Carrols Restaurant Group of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$9.53 ( 0.0700%) | $9.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.55 | 0.280 % | |
R2 | 9.54 | 0.200 % | ||
R1 | 9.53 | 0.150 % | ||
Current price: | 9.52 | |||
Support | S1 | 9.52 | -0.0102 % | |
S2 | 9.51 | -0.0598 % | ||
S3 | 9.51 | -0.140 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 9.52 | |||
Support | S1 | 9.51 | -0.105% | |
S2 | 9.50 | -0.210% | ||
S3 | 9.48 | -0.420% |
TAST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 08, 2024 | Apr 05, 2024 | $0.0200 | 0.211% |
2 | Nov 09, 2023 | Nov 20, 2023 | Dec 15, 2023 | $0.0200 | 0.275% |
3 | Aug 12, 2021 | Aug 24, 2021 | Oct 05, 2021 | $0.410 | 10.96% |
4 | May 08, 2012 | May 08, 2012 | May 08, 2012 | $11.10 | 250.00% |
FAQ
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