Crown Holdings Inc Stock Forecast
Green day on Wednesday for Crown Holdings Inc
(Updated on Mar 27, 2024)
The Crown Holdings Inc stock price gained 1.39% on the last trading day (Wednesday, 27th Mar 2024), rising from $77.43 to $78.51. During the last trading day the stock fluctuated 1.80% from a day low at $77.12 to a day high of $78.51. The price has been going up and down for this period, and there has been a 0.71% gain for the last 2 weeks. Volume fell on the last day by -238 thousand shares and in total, 742 thousand shares were bought and sold for approximately $58.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -20.15% during the next 3 months and, with a 90% probability hold a price between $50.18 and $62.69 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CCK Signals & Forecast
The Crown Holdings Inc 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 $77.60 and $76.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 15, 2024, and so far it has risen 9.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Crown Holdings Inc stock
Crown Holdings Inc finds support from accumulated volume at $77.26 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 $1.39 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: $75.46 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (CCK) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Crown Holdings Inc to open at $78.05, and during the day (based on 14 day Average True Range), to move between $77.08 and $79.94, which gives a possible trading interval of +/-$1.43 (+/-1.83%) up or down from last closing price. If Crown Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $77.26 (1.59%) than the resistance at $88.33 (12.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Crown Holdings Inc stock A Buy?
Crown Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.113 Hold/Accumulate Unchanged
Predicted Opening Price for Crown Holdings Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$78.05 ( 0.590%) | $78.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 79.44 | 1.18 % | |
R2 | 78.91 | 0.504 % | ||
R1 | 78.58 | 0.0862 % | ||
Current price: | 78.51 | |||
Support | S1 | 77.52 | -1.27 % | |
S2 | 77.19 | -1.68 % | ||
S3 | 76.66 | -2.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 91.15 | 16.10 % | |
R2 | 89.65 | 14.19 % | ||
R1 | 88.33 | 12.51 % | ||
Current price | 78.51 | |||
Support | S1 | 77.26 | -1.59% | |
S2 | 76.67 | -2.34% | ||
S3 | 74.96 | -4.52% |
CCK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.250 | 0.318% |
2 | Feb 22, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.250 | 0.318% |
3 | Nov 07, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.240 | 0.292% |
4 | Jul 27, 2023 | Aug 09, 2023 | Aug 24, 2023 | $0.240 | 0.271% |
5 | Apr 27, 2023 | May 10, 2023 | May 25, 2023 | $0.240 | 0.307% |
FAQ
Click here for our free guide on how to buy Crown Holdings Inc Stock.