CRA International Stock Forecast
CRA International stock price ended at $145.99 on Wednesday, after gaining 0.697%.
(Updated on Mar 27, 2024)
The CRA International stock price gained 0.697% on the last trading day (Wednesday, 27th Mar 2024), rising from $144.98 to $145.99. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.77% from a day low at $143.57 to a day high of $148.99. The price has risen in 7 of the last 10 days and is up by 2.82% 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, 13 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $5.02 million.
The stock lies in the upper part of a wide and 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 $148.34 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 52.55% during the next 3 months and, with a 90% probability hold a price between $199.67 and $226.29 at the end of this 3-month period.
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CRAI Signals & Forecast
The CRA International stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $142.81 and $127.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 38.04%. 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). The stock had a Golden Star Signal on Wednesday, August 02, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, August 02, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CRA International stock
CRA International finds support from accumulated volume at $141.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.42 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 2.19%.
Since the CRA International has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $140.85 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (CRAI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect CRA International to open at $146.18, and during the day (based on 14 day Average True Range), to move between $142.44 and $149.54, which gives a possible trading interval of +/-$3.55 (+/-2.43%) up or down from last closing price. If CRA International takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $141.77, some $4.22 (2.89%) from the current price of $145.99, our system finds the risk reward attractive.
Is CRA International stock A Buy?
CRA International holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.714 Strong Buy Candidate Unchanged
Predicted Opening Price for CRA International of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$146.18 ( 0.133%) | $145.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRAI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 151.60 | 3.84 % | |
R2 | 149.53 | 2.43 % | ||
R1 | 148.25 | 1.55 % | ||
Current price: | 145.99 | |||
Support | S1 | 144.11 | -1.29 % | |
S2 | 142.83 | -2.16 % | ||
S3 | 140.76 | -3.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 145.99 | |||
Support | S1 | 141.77 | -2.89% | |
S2 | 138.99 | -4.79% | ||
S3 | 132.54 | -9.21% |
CRAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Mar 11, 2024 | Mar 22, 2024 | $0.420 | 0.294% |
2 | Nov 01, 2023 | Nov 27, 2023 | Dec 08, 2023 | $0.420 | 0.429% |
3 | Aug 02, 2023 | Aug 28, 2023 | Sep 08, 2023 | $0.360 | 0.332% |
4 | May 03, 2023 | May 26, 2023 | Jun 09, 2023 | $0.360 | 0.363% |
5 | Mar 01, 2023 | Mar 13, 2023 | Mar 24, 2023 | $0.360 | 0.334% |
FAQ
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