RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Cedar Fair LP stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Cedar Fair LP stock price gained 1.04% on the last trading day (Thursday, 28th Mar 2024), rising from $41.47 to $41.90. It has now gained 3 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 1.54% from a day low at $41.38 to a day high of $42.02. The price has been going up and down for this period, and there has been a -2.31% 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, 56 thousand more shares were traded than the day before. In total, 160 thousand shares were bought and sold for approximately $6.69 million.

The stock lies in the middle of a strong 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 10.49% during the next 3 months and, with a 90% probability hold a price between $45.17 and $48.46 at the end of this 3-month period.

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FUN Signals & Forecast

The Cedar Fair LP 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 $41.63 and $41.70. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.81%. 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 Cedar Fair LP stock

Cedar Fair LP finds support from accumulated volume at $40.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.638 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 2.23%.

Our recommended stop-loss: $39.95 (-4.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (FUN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cedar Fair LP to open at $41.77, and during the day (based on 14 day Average True Range), to move between $40.79 and $43.01, which gives a possible trading interval of +/-$1.11 (+/-2.66%) up or down from last closing price. If Cedar Fair LP takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.73 (1.98%) than the support at $40.77 (2.70%), 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 Cedar Fair LP 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 Cedar Fair LP stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.298 Buy Candidate Upgraded

Predicted Opening Price for Cedar Fair LP of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$41.77 ( 0.319%) $41.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FUN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 42.40 1.20 %
R2 42.16 0.622 %
R1 42.01 0.263 %
Current price: 41.90
Support S1 41.52 -0.90 %
S2 41.37 -1.26 %
S3 41.13 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 43.10 2.86 %
R2 42.78 2.10 %
R1 42.73 1.98 %
Current price 41.90
Support S1 40.77 -2.70%
S2 39.50 -5.73%
S3 39.24 -6.35%

FUN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 05, 2024 Mar 05, 2024 Mar 20, 2024 $0.300 0.709%
2 Nov 02, 2023 Dec 05, 2023 Dec 20, 2023 $0.300 0.796%
3 Aug 03, 2023 Sep 05, 2023 Sep 20, 2023 $0.300 0.758%
4 May 04, 2023 Jun 06, 2023 Jun 21, 2023 $0.300 0.724%
5 Feb 16, 2023 Mar 06, 2023 Mar 21, 2023 $0.300 0.669%

FAQ

What is the symbol for Cedar Fair LP Stock and on which exchange is it traded?
The symbol for Cedar Fair LP is FUN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Cedar Fair LP Stock?
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 Cedar Fair LP stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Cedar Fair LP Stock?
Cedar Fair LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cedar Fair LP Stock.

What's the current price of Cedar Fair LP Stock?
As of the end of day on the 2024-03-28, the price of an Cedar Fair LP (FUN) share was $41.90.

What is the 52-week high and low for Cedar Fair LP Stock?
The 52-week high for Cedar Fair LP Stock is $45.93 and the 52-week low is $34.04.

What is the market capitalization of Cedar Fair LP Stock?
As of the 2024-03-28, the market capitalization of Cedar Fair LP is 2.138B.

When is the next earnings date for Cedar Fair LP?
The upcoming earnings date for Cedar Fair LP is May 02, 2024.
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About Cedar Fair LP

Cedar Fair LP Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Vir... FUN Profile

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