Crane Company Stock Forecast
Crane Company stock price up 2.91% on Wednesday
(Updated on Apr 24, 2024)
The Crane Company stock price gained 2.91% on the last trading day (Wednesday, 24th Apr 2024), rising from $138.11 to $142.13. It has now gained 4 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. During the last trading day the stock fluctuated 2.64% from a day low at $139.98 to a day high of $143.67. The price has risen in 6 of the last 10 days and is up by 5.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 434 thousand shares were bought and sold for approximately $61.71 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $143.56 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.35% during the next 3 months and, with a 90% probability hold a price between $149.29 and $164.16 at the end of this 3-month period.
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CR Signals & Forecast
The Crane Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $133.10 and $133.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 9.85%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Crane Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $124.11 and $122.97. There is a 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 $124.11. If this is broken, then the next support from accumulated volume will be at $122.97 and $113.61.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.69 (2.64%) between high and low. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: $136.79 (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Crane Company to open at $141.93, and during the day (based on 14 day Average True Range), to move between $138.56 and $145.70, which gives a possible trading interval of +/-$3.57 (+/-2.51%) up or down from last closing price. If Crane Company takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $124.11, some $18.02 (12.68%) from the current price of $142.13, our system finds the risk reward attractive.
Is Crane Company stock A Buy?
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 Crane Company stock to perform well in the short-term.
Current score: 4.455 Buy Candidate Unchanged
Predicted Opening Price for Crane Company of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $141.93 ( 0.143%) | $142.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.62 | 2.45 % | |
| R2 | 144.21 | 1.46 % | ||
| R1 | 143.34 | 0.85 % | ||
| Current price: | 142.13 | |||
| Support | S1 | 140.52 | -1.13 % | |
| S2 | 139.65 | -1.75 % | ||
| S3 | 138.24 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 142.13 | |||
| Support | S1 | 124.11 | -12.68% | |
| S2 | 122.97 | -13.48% | ||
| S3 | 113.61 | -20.07% |
CR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Mar 13, 2024 | $0.205 | 0.156% |
| 2 | Oct 23, 2023 | Nov 29, 2023 | Dec 13, 2023 | $0.180 | 0.167% |
| 3 | Jul 25, 2023 | Aug 30, 2023 | Sep 13, 2023 | $0.180 | 0.209% |
| 4 | May 10, 2023 | May 30, 2023 | Jun 08, 2023 | $0.180 | 0.225% |
| 5 | Jan 23, 2023 | Feb 27, 2023 | Mar 08, 2023 | $0.470 | 0.393% |
FAQ
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