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CR - Crane Company

Industry: Diversified Machinery Sector: Industrial Goods Exchange: NYSE

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 0.12%
PRICE $94.23
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

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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
Beta 1.21
ROA 4.93
Buy candidate since 2018-02-22 Gain 0.12%

Crane Company gained 0.12% in the last trading day, rising from $94.12 to $94.23 , 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. The price has risen in 7 of the last 10 days and is up by 5.34% over the past 2 weeks. Volume fell in the last day by -51 491 shares, and in total, 143 040 shares bought and sold for approximately $13.48 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

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Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $93.39 Price: $94.23 Resistance: $96.84

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

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