Fri 23'rd Feb 2018
Crane Company Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||1.32% ( 2018-01-31 )|
|Cash||2 292.5 mill|
|Loans||2 980.6 mill|
Crane Company 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 12.98% during the next 3 months and, with 90% probability hold a price between $103.25 and $116.42 at the end of this period.
Crane Company 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 $93.89 and $93.16. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and 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. A sales signal was issued from a pivot top point on Friday February 16, 2018, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Crane Company finds support from accumulated volume at $93.39. On the upside the stock meets some resistance just above today's level from accumulated volume at $96.84, $99.52 and $99.94.
The stock is about to test the resistance from accumulated volume at $96.84 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.94 (2.08%) between high and low. For the last week, the stock has had a daily average volatility of 1.95%.
Our recommended stoploss: $90.29 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 4 days ago.)
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