Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE 1.03%
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell
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Crane Company Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Sell candidate since 2018-11-19 Loss -12.15%
Shorts 3.33% ( 2018-11-15 )
Cash 706.2 mill
Loans 743.5 mill
Beta 1.35
ROA 5.64

Crane Company gained 1.03% in the last trading day, rising from $77.37 to $78.17 The price has fallen in 7 of the last 10 days and is down by -7.35% for this period. Volume fell in the last day by -22 232 shares, and in total, 287 747 shares bought and sold for approximately $22.49 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 wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.57% during the next 3 months and, with 90% probability hold a price between $62.83 and $74.52 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Tuesday December 11, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Crane Company holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $80.51 and $86.82. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 26 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Crane Company finds support from accumulated volume at $77.37.

Support: $77.37 Price: $78.17 Resistance: $86.43

Risk

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 $1.70 between high and low, or 2.18%. For the last week, the stock has had a daily average volatility of 3.37%.

Crane Company is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

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Evaluation

Crane Company holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today CR ranks #4473 as SELL CANDIDATE. Weaker Sell
Today CR ranks #4473 as SELL CANDIDATE.