CVR Partners LP Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for CVR Partners LP as stock downgraded to Strong Sell Candidate.
(Updated on May 10, 2024)
The CVR Partners LP stock price fell by -3.15% on the last day (Friday, 10th May 2024) from $80.90 to $78.35. During the last trading day the stock fluctuated 2.89% from a day low at $77.22 to a day high of $79.45. The price has been going up and down for this period, and there has been a -4.3% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 38 thousand shares were bought and sold for approximately $2.95 million.
The stock lies in the middle of a wide and strong 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 20.76% during the next 3 months and, with a 90% probability hold a price between $87.85 and $101.87 at the end of this 3-month period.
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UAN Signals & Forecast
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 CVR Partners LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $80.56 and $78.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -4.74%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CVR Partners LP stock
On the downside, the stock finds support just below today's level from accumulated volume at $74.25 and $67.33. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CVR Partners LP finds support just below today's level at $74.25. If this is broken, then the next support from accumulated volume will be at $67.33 and $63.51.
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 $2.23 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UAN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect CVR Partners LP to open at $78.34, and during the day (based on 14 day Average True Range), to move between $75.97 and $80.73, which gives a possible trading interval of +/-$2.38 (+/-3.04%) up or down from last closing price. If CVR Partners LP takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $78.56 (0.27%) than the support at $74.25 (5.23%), 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 CVR Partners LP stock A Buy?
The CVR Partners LP stock holds several negative signals and despite the positive trend, we believe CVR Partners LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.016 Strong Sell Candidate Downgraded
Predicted Opening Price for CVR Partners LP of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $78.34 ( 0.0144%) | $78.35 |
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 | 80.57 | 2.84 % | |
| R2 | 79.72 | 1.75 % | ||
| R1 | 79.19 | 1.07 % | ||
| Current price: | 78.35 | |||
| Support | S1 | 77.49 | -1.10 % | |
| S2 | 76.96 | -1.78 % | ||
| S3 | 76.10 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.60 | 2.87 % | |
| R2 | 80.00 | 2.11 % | ||
| R1 | 78.56 | 0.268 % | ||
| Current price | 78.35 | |||
| Support | S1 | 74.25 | -5.23% | |
| S2 | 67.33 | -14.07% | ||
| S3 | 63.51 | -18.94% |
UAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | May 10, 2024 | May 20, 2024 | $1.92 | 2.45% |
| 2 | Feb 20, 2024 | Mar 01, 2024 | Mar 11, 2024 | $1.68 | 2.54% |
| 3 | Oct 30, 2023 | Nov 10, 2023 | Nov 20, 2023 | $1.55 | 2.11% |
| 4 | Jul 31, 2023 | Aug 11, 2023 | Aug 21, 2023 | $4.14 | 5.21% |
| 5 | May 01, 2023 | May 12, 2023 | May 22, 2023 | $10.43 | 11.89% |
FAQ
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