CVR Partners LP Stock Forecast
CVR Partners LP stock upgraded to Strong Buy Candidate.
(Updated on Apr 26, 2024)
The CVR Partners LP stock price gained 4.41% on the last trading day (Friday, 26th Apr 2024), rising from $78.41 to $81.87. During the last trading day the stock fluctuated 4.79% from a day low at $78.48 to a day high of $82.24. The price has fallen in 6 of the last 10 days but is still up by 4.23% 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, 27 thousand more shares were traded than the day before. In total, 51 thousand shares were bought and sold for approximately $4.21 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $83.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.66% during the next 3 months and, with a 90% probability hold a price between $77.08 and $95.04 at the end of this 3-month period.
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UAN Signals & Forecast
The CVR Partners LP 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 $77.25 and $75.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 32.09%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CVR Partners LP stock
CVR Partners LP finds support from accumulated volume at $78.56 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 $3.76 (4.79%) between high and low. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: $78.66 (-3.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (UAN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CVR Partners LP to open at $80.86, and during the day (based on 14 day Average True Range), to move between $79.51 and $84.23, which gives a possible trading interval of +/-$2.36 (+/-2.88%) up or down from last closing price. If CVR Partners LP takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $78.56, some $3.31 (4.04%) from the current price of $81.87, our system finds the risk reward attractive.
Earnings coming up
CVR Partners LP will release earnings AMC on Monday, April 29, 2024. We will update the financials statements for CVR Partners LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.60% in the first trading day after earnings release.
Is CVR Partners LP stock A Buy?
CVR Partners LP holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.353 Strong Buy Candidate Upgraded
Predicted Opening Price for CVR Partners LP of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $80.86 ( 1.23%) | $81.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UAN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.62 | 3.36 % | |
| R2 | 83.19 | 1.61 % | ||
| R1 | 82.30 | 0.525 % | ||
| Current price: | 81.87 | |||
| Support | S1 | 79.43 | -2.98 % | |
| S2 | 78.54 | -4.07 % | ||
| S3 | 77.10 | -5.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 81.87 | |||
| Support | S1 | 78.56 | -4.04% | |
| S2 | 74.25 | -9.31% | ||
| S3 | 63.51 | -22.43% |
UAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 01, 2024 | Mar 11, 2024 | $1.68 | 2.54% |
| 2 | Oct 30, 2023 | Nov 10, 2023 | Nov 20, 2023 | $1.55 | 2.11% |
| 3 | Jul 31, 2023 | Aug 11, 2023 | Aug 21, 2023 | $4.14 | 5.21% |
| 4 | May 01, 2023 | May 12, 2023 | May 22, 2023 | $10.43 | 11.89% |
| 5 | Feb 21, 2023 | Mar 03, 2023 | Mar 13, 2023 | $10.50 | 11.57% |
FAQ
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