CST Brands Inc Fund Forecast
CST Brands Inc fund downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Aug 14, 2017)
No changes to the price of CST Brands Inc fund on the last trading day (Monday, 14th Aug 2017). During the last trading day the fund fluctuated 0.0206% from a day low at $48.53 to a day high of $48.54. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CST Brands Inc fund with a 90% probability to be traded between $48.64 and $48.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CST Signals & Forecast
There are few to no technical positive signals at the moment. A sell signal was issued from a pivot top point on Monday, June 26, 2017, and so far it has fallen -0.0206%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The fund had a Golden Star Signal on Tuesday, June 13, 2017 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 01, 2017.
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 fund in question.
Support, Risk & Stop-loss for CST Brands Inc fund
CST Brands Inc finds support from accumulated volume at $48.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.0100 between high and low, or 0.0206%. For the last week the fund has had daily average volatility of 0.0041%.
Our recommended stop-loss: $46.59 (-4.01%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (CST) For The Upcoming Trading Day Of Tuesday 15th
For the upcoming trading day on Tuesday, 15th we expect CST Brands Inc to open at $48.53, and during the day (based on 14 day Average True Range), to move between $48.52 and $48.54, which gives a possible trading interval of +/-$0.0143 (+/-0.03%) up or down from last closing price. If CST Brands Inc takes out the full calculated possible swing range there will be an estimated 0.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.54 (0.02%) than the support at $48.36 (0.35%), 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 CST Brands Inc fund A Buy?
CST Brands Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.120 Hold/Accumulate Downgraded
Predicted Opening Price for CST Brands Inc of Tuesday, August 15, 2017
| Fair opening price August 15, 2017 | Current price |
|---|---|
| $48.53 ( 0.0069%) | $48.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.54 | 0.0275 % | |
| R2 | 48.54 | 0.0196 % | ||
| R1 | 48.54 | 0.0147 % | ||
| Current price: | 48.53 | |||
| Support | S1 | 48.53 | -0.0010 % | |
| S2 | 48.53 | -0.0059 % | ||
| S3 | 48.52 | -0.0137 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 48.54 | 0.0206 % | ||
| Current price | 48.53 | |||
| Support | S1 | 48.36 | -0.350% | |
| S2 | 48.35 | -0.371% | ||
| S3 | 48.26 | -0.556% |
FAQ
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