Cracker Barrel Old Country Store Stock Forecast
Red day on Thursday for Cracker Barrel Old Country Store stock after losing 0.622%
(Updated on Apr 25, 2024)
The Cracker Barrel Old Country Store stock price fell by -0.622% on the last day (Thursday, 25th Apr 2024) from $61.07 to $60.69. During the last trading day the stock fluctuated 2.84% from a day low at $60.58 to a day high of $62.30. The price has risen in 7 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume has increased on the last day by 174 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 562 thousand shares were bought and sold for approximately $34.12 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.39% during the next 3 months and, with a 90% probability hold a price between $41.91 and $51.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CBRL Signals & Forecast
There are mixed signals in the stock today. The Cracker Barrel Old Country Store stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $65.02. On a fall, the stock will find some support from the short-term average at $59.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.63%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Cracker Barrel Old Country Store stock
Cracker Barrel Old Country Store finds support from accumulated volume at $59.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.72 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 2.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CBRL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Cracker Barrel Old Country Store to open at $61.19, and during the day (based on 14 day Average True Range), to move between $58.35 and $63.03, which gives a possible trading interval of +/-$2.34 (+/-3.85%) up or down from last closing price. If Cracker Barrel Old Country Store takes out the full calculated possible swing range there will be an estimated 7.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $60.84 (0.25%) than the support at $59.16 (2.52%), 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 Cracker Barrel Old Country Store stock A Buy?
Cracker Barrel Old Country Store holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.114 Sell Candidate Unchanged
Predicted Opening Price for Cracker Barrel Old Country Store of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$61.19 ( 0.82%) | $60.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBRL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 62.91 | 3.66 % | |
R2 | 62.25 | 2.58 % | ||
R1 | 61.85 | 1.91 % | ||
Current price: | 60.69 | |||
Support | S1 | 60.53 | -0.259 % | |
S2 | 60.13 | -0.93 % | ||
S3 | 59.47 | -2.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 65.90 | 8.58 % | |
R2 | 62.46 | 2.92 % | ||
R1 | 60.84 | 0.247 % | ||
Current price | 60.69 | |||
Support | S1 | 59.16 | -2.52% | |
S2 | 58.79 | -3.13% | ||
S3 | 55.87 | -7.94% |
CBRL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Apr 12, 2024 | May 07, 2024 | $1.30 | 2.14% |
2 | Feb 27, 2024 | Apr 11, 2024 | May 07, 2024 | $1.30 | 2.14% |
3 | Nov 30, 2023 | Jan 19, 2024 | Feb 13, 2024 | $1.30 | 1.74% |
4 | Nov 30, 2023 | Jan 18, 2024 | Feb 13, 2024 | $1.30 | 1.74% |
5 | Sep 13, 2023 | Oct 19, 2023 | Nov 07, 2023 | $1.30 | 2.00% |
FAQ
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