CW LONG OVER 203.08, SHORT BELOW 200.76Curtiss-Wright Corporation's stock (symbol:
CW) recently gained 1.93% on August 4th, rising from $198.51 to $202.35. Throughout the day, it fluctuated between $199.06 and $203.25, with a 2.10% range. Over the past 10 days, the stock rose on 6 occasions, resulting in a 5.65% two-week increase. Trading volume decreased by 26 thousand shares, totaling 258 thousand shares traded for around $52.12 million. This lower volume at higher prices suggests potential divergence and a signal for future changes. The stock broke its short-term upward trend, indicating a stronger ascent. Key support now lies at $198.39. Fan theory suggests a resistance level at $210.33.Curtiss-Wright's stock displays positive signals from short and long-term Moving Averages, indicating a favorable outlook. A buy signal was triggered from a pivot bottom on August 2nd, resulting in a 6.79% increase so far. A potential rise is anticipated until a new top pivot is established. Some negative signals emerged, including a sell signal from the 3-month Moving Average Convergence Divergence (MACD).
Support levels are projected at $190.79 and $188.26, with inherent risk if these are breached. Despite controlled movements and good liquidity, the stock's RSI14 at 76 suggests overbought conditions. Yet, a major correction is unlikely due to the broken upward trend.
For August 7th, the stock is expected to open at $201.55, with a projected trading range of $198.68 to $206.02 based on a 14-day Average True Range. Insider activity indicates positive sentiment, with insiders buying more shares than selling. Overall, given positive signals and a strong technical position, the stock is considered an attractive choice with potential gains over the next three months.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.