Evaluation of Curtiss-Wright Corporation stock downgraded after the last trading session. (Updated on August 30, 2021)
Sell candidate since 2021-08-30 PDF
The Curtiss-Wright Corporation stock price fell by -0.67% on the last day (Monday, 30th Aug 2021) from $123.06 to $122.24. During the day the stock fluctuated 1.72% from a day low at $122.08 to a day high of $124.18. The price has risen in 6 of the last 10 days and is up by 1.46% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -48 thousand shares and in total, 98 thousand shares were bought and sold for approximately $11.96 million.
The stock lies the upper part of a wide and falling 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 $122.95 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 -5.23% during the next 3 months and, with a 90% probability hold a price between $103.18 and $116.52 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
The Curtiss-Wright Corporation 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 $119.86 and $118.66. A breakdown below any of these levels will issue sell signals. 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 Friday, August 27, 2021, and so far it has fallen -0.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
Curtiss-Wright Corporation finds support from accumulated volume at $122.08 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 $2.10 between high and low, or 1.72%. For the last week the stock has had a daily average volatility of 1.60%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Curtiss-Wright Corporation stock A Buy?
Curtiss-Wright Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.699
Predicted Opening Price for Curtiss-Wright Corporation of Tuesday, August 31, 2021
The predicted opening price is based on yesterdays movements between high, low, and the closing price.
|Fair opening price August 31, 2021||Current price|
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Robert W. Baird does not see either upside or downside right now giving CW Hold on their last update on January 07, 2021. The price target was set to $119.00.
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