Bullish vs. Bearish (1 opinions)
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CCI Forecast and Technical Stock Analysis
Buy candidate since 2019-08-15 Gain 0.36%
Crown Castle International Corporation gained 0.36% in the last trading day ( Friday, 16th Aug 2019 ), rising from $142.41 to $142.92 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.31% from a day low at $141.73 to a day high of $143.59. The price has risen in 8 of the last 10 days and is up by 5.69% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.41 million more shares were traded than the day before. In total, 1.62 million shares bought and sold for approximately $232.23 million.
- 30 day high of the CCI stock price was $143.59 and low was $123.87.
- 90 day high was $143.59 and low was $122.60.
- 52 week high for Crown Castle International Corporation - $143.59 and low - $103.21.
Crown Castle International Corporation has broken the wide and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $142.35, a level that may pose a second chance to hit a runner. According to fan-theory $156.57 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. Crown Castle International Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $141.38 and $134.04. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 78 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $133.25 and $126.87.
There is 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, Crown Castle International Corporation finds support just below today's level at $133.25. If this is broken, then the next support from accumulated volume will be at $126.87 and $125.48.
This stock may move much during a 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 $1.86 between high and low, or 1.31%. For the last week, the stock has had a daily average volatility of 1.94%.
The stock is extremely overbought on RSI14 (78). Normally this will pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $135.93 (-4.89%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)
1.94 %Average volatility
Very Low Low Medium High Very High
Crown Castle International Corporation holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|CCI $142.92 ($0.51 0.36%)|
CCI is up $0.51 today, but where's it headed in 2019?
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