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Sarah Patel's Avatar
published in Blogs
May 06, 2023

CR's RSI Indicator signals potential uptrend, A.I.dvisor predicts 77% chance of success

Get ready to soar with Crane (CR, $68.47) as the RSI indicator shows signs of a bullish uptrend. The A.I.dvisor has detected a shift from oversold territory, hinting towards a potential upward trend for the stock. In 17 out of 22 similar cases, CR's RSI indicator leaving the oversold zone has been followed by a successful outcome. The odds of success stand at a promising 77%.This exciting news means traders should keep their eyes on CR and consider buying the stock or call options. With 21 out of 23 similar cases leading to a higher stock movement, the odds of a rise are as high as 90%.

Check out our bearish S&P 500 Swing Trader AI Robot, perfect for traders who want to avoid extensive market analysis. This robot trades one inverse ETF, SPXU, and uses a combination of technical analysis algorithms for entry signals and a fixed take profit of 3% and flexible trailing stop for exiting positions. Use the signals for a bearish swing strategy or as a sentiment indicator for trading stocks in the S&P 500 Index. Check out our robot's trading statistics and equity chart by clicking "Show more" on the robot page. View live trades and past trades in the "Open Trades" and "Closed Trades" tabs.

However, traders should also be aware of the MACD Histogram that recently crossed below the signal line on April 21, 2023. This suggests a potential bearish trend and a possibility of the stock declining. The A.I.dvisor looked back at 44 instances where the MACD indicator turned negative, and in 30 of those cases, the stock moved lower. The odds of a downward movement stand at 68%.

Keep a close watch on CR's performance and make your investment decisions wisely with the help of the A.I.dvisor.

 

Related Ticker: CR

CR's RSI Indicator ascending out of oversold territory

The RSI Oscillator for CR moved out of oversold territory on May 05, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for CR just turned positive on May 26, 2023. Looking at past instances where CR's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

CR moved above its 50-day moving average on May 08, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CR crossed bullishly above the 50-day moving average on May 11, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CR advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .

CR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The Momentum Indicator moved below the 0 level on May 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CR as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for CR entered a downward trend on May 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.131) is normal, around the industry mean (4.737). P/E Ratio (10.753) is within average values for comparable stocks, (43.970). Projected Growth (PEG Ratio) (1.391) is also within normal values, averaging (2.092). Dividend Yield (0.021) settles around the average of (0.021) among similar stocks. P/S Ratio (1.291) is also within normal values, averaging (11.584).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are General Electric Company (NYSE:GE), Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 7.41B. The market cap for tickers in the group ranges from 1.55K to 132.55B. SMAWF holds the highest valuation in this group at 132.55B. The lowest valued company is XEBEF at 1.55K.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was 2%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 9%. AKMYF experienced the highest price growth at 460%, while GERS experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was -28%. For the same stocks of the Industry, the average monthly volume growth was 28% and the average quarterly volume growth was 41%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 60
Price Growth Rating: 51
SMR Rating: 65
Profit Risk Rating: 77
Seasonality Score: 12 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
N/A
Address
100 First Stamford Place
Phone
+1 203 363-7300
Employees
11000
Web
https://www.craneco.com
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CR and

Correlation & Price change

A.I.dvisor indicates that over the last year, CR has been closely correlated with PH. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if CR jumps, then PH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CR
1D Price
Change %
CR100%
+0.54%
PH - CR
70%
Closely correlated
-0.79%
ITW - CR
67%
Closely correlated
-0.74%
ETN - CR
67%
Closely correlated
-0.36%
EMR - CR
64%
Loosely correlated
-1.41%
OTIS - CR
59%
Loosely correlated
-0.68%
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