Previous Hold Today CXW ranks #2838 as HOLD CANDIDATE #2838 Next Hold

CXW stock forecast Corrections Corporation of America

CXW stock forecast

Wednesday September 18, 2019 Change -0.34% Price $17.50
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

CXW Forecast and Technical Stock Analysis


Hold candidate since 2019-09-17 Loss -0.34% PDF

Corrections Corporation of America fell by -0.34% in the last day ( Wednesday, 18th Sep 2019 ) from $17.56 to $17.50 and has now fallen 3 days in a row. During the day the stock fluctuated 2.19% from a day low at $17.32 to a day high of $17.70. The price has fallen in 5 of the last 10 days , but is still up by 0.63% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -328 106 shares and in total 444 763 shares bought and sold for approximately $7.78 million.

Quick summary:

  • 30 day high of the CXW stock price was $18.53 and low was $16.60.
  • 90 day high was $24.05 and low was $15.57.
  • 52 week high for Corrections Corporation of America - $25.81 and low - $15.57.
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Trend

Corrections Corporation of America lies the upper part of a very wide and falling trend in the short term, and this will 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 $18.03 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.84% during the next 3 months and, with 90% probability hold a price between $11.04 and $14.82 at the end of this period.

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Signals

Corrections Corporation of America holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $17.86. On a fall, the stock will find some support from the long-term average at approximately $17.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday September 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Thursday August 29, 2019 in the short-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.
2.4590163934426

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 59 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Corrections Corporation of America finds support from accumulated volume at $17.47.

Support: $17.47 Price: $17.50 Resistance: $17.93

Risk

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 $0.38 (2.19%) between high and low. For the last week, the stock has had daily average volatility of 3.03%.

Our recommended stop-loss: $16.55 (-5.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 5 day(s) ago.)

3.03 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Corrections Corporation of America holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development.

Previous Hold Today CXW ranks #2838 as HOLD CANDIDATE #2838 Next Hold
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Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!

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