CR - Crane Company

Industry: Diversified Machinery Sector: Industrial Goods Exchange: NYSE

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.47%
PRICE $96.25
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Crane Company Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-09-05 Gain 4.40%
Shorts 3.20% ( 2018-08-31 )
Cash 1 278.4 mill
Loans 1 489.4 mill
Beta 1.25
ROA 4.88

Crane Company gained 0.47% in the last trading day, rising from $95.80 to $96.25 The price has risen in 7 of the last 10 days and is up by 5.78% over the past 2 weeks. Volume fell in the last day by -18 204 shares, and in total, 323 177 shares bought and sold for approximately $31.11 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.

Trend

Crane Company lies in the middle of a 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 18.91% during the next 3 months and, with 90% probability hold a price between $109.97 and $117.81 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. 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 $94.60 and $91.11. 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 15, 2018, which indicates further gains 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 may be an early warning. The stock should be watched closely.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 80 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $88.29 and $88.01.

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, Crane Company finds support just below today's level at $88.29. If this is broken, then the next support from accumulated volume will be at $88.01 and $83.67.

Support: $88.29 Price: $96.25

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 $1.58 (1.66%) between high and low. For the last week, the stock has had a daily average volatility of 1.53%.

Our recommended stoploss: $91.83 (-4.59%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from pivot bottom found 23 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.

Buy Candidate

Click for Top 5 Buy Candidates
CR $96.25 $0.45(0.47%)
CR is up $0.45 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for CR based on the 1-3 month system that more than doubles the S&P 500.

Click here – the CR analysis is free »
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