Cresud S.A.C.I.F. y A. Stock Forecast
Cresud S.A.C.I.F. y A. stock price ended at $9.17 on Friday, after gaining 4.44%.
(Updated on Apr 19, 2024)
The Cresud S.A.C.I.F. y A. stock price gained 4.44% on the last trading day (Friday, 19th Apr 2024), rising from $8.78 to $9.17. During the last trading day the stock fluctuated 4.80% from a day low at $8.76 to a day high of $9.18. The price has been going up and down for this period, and there has been a -4.48% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 thousand more shares were traded than the day before. In total, 159 thousand shares were bought and sold for approximately $1.46 million.
The stock lies in the middle of a wide and weak 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 2.82% during the next 3 months and, with a 90% probability hold a price between $8.08 and $10.08 at the end of this 3-month period.
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CRESY Signals & Forecast
The Cresud S.A.C.I.F. y A. 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 $9.06 and $8.65. A breakdown below any of these levels will issue sell signals. Cresud S.A.C.I.F. y A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cresud S.A.C.I.F. y A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.20 and $8.10. 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, Cresud S.A.C.I.F. y A. finds support just below today's level at $8.20. If this is broken, then the next support from accumulated volume will be at $8.10 and $8.06.
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 $0.420 between high and low, or 4.80%. For the last week, the stock has had daily average volatility of 5.37%.
Our recommended stop-loss: $8.68 (-5.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (CRESY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Cresud S.A.C.I.F. y A. to open at $9.03, and during the day (based on 14 day Average True Range), to move between $8.78 and $9.56, which gives a possible trading interval of +/-$0.390 (+/-4.25%) up or down from last closing price. If Cresud S.A.C.I.F. y A. takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.28 (1.20%) than the support at $8.20 (10.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Cresud S.A.C.I.F. y A. stock A Buy?
Cresud S.A.C.I.F. y A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.971 Hold/Accumulate Unchanged
Predicted Opening Price for Cresud S.A.C.I.F. y A. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$9.03 ( 1.49%) | $9.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRESY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.45 | 3.09 % | |
R2 | 9.29 | 1.34 % | ||
R1 | 9.19 | 0.259 % | ||
Current price: | 9.17 | |||
Support | S1 | 8.87 | -3.24 % | |
S2 | 8.77 | -4.32 % | ||
S3 | 8.61 | -6.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.69 | 5.67 % | |
R2 | 9.35 | 1.96 % | ||
R1 | 9.28 | 1.20 % | ||
Current price | 9.17 | |||
Support | S1 | 8.20 | -10.58% | |
S2 | 8.10 | -11.67% | ||
S3 | 8.06 | -12.10% |
CRESY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.364 | 4.01% |
2 | May 22, 2023 | May 31, 2023 | Jun 06, 2023 | $0.332 | 4.62% |
3 | Nov 21, 2022 | Dec 01, 2022 | Dec 09, 2022 | $0.151 | 2.93% |
4 | Nov 01, 2017 | Nov 10, 2017 | Nov 13, 2017 | $0.410 | 1.94% |
5 | Nov 18, 2013 | Nov 18, 2013 | Nov 18, 2013 | $0.278 | 2.80% |
FAQ
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