Crown Castle International Corporation (CCI)

CCI stock forecast: buy or sell

CCI stock outlook

  • After reaching all-time highs on Monday, Crown Castle International closed at $171.50 only moving a -0.09%
  • From the chart point view, price is drawing a scaled uptrend since late March with higher tops and higher bottoms. Up to date, price marked a 51.25% profit since the beginning of this rally
  • Crown Castle International shares are just 4.72% below all-time highs
  • Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U. S. market.
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Important:
The opinions contained in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the individual circumstances of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for informational motives only

CCI stock chart overview

Should I buy Crown Castle International stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is CCI stock a buy?

In the current situation of Crown Castle International there is not any eligible buy setup. This doesn't mean CCI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Crown Castle International stock?

How to know when is it time to sell Crown Castle International?. Like when we have to buy shares, choosing when is appropiate time to sell is not a random decision, and we must adhere our own trading strategy. We like very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups are not intended for shorting Crown Castle International stock

As a golden rule, you must never keep an operation that yields losses greater than those expected by the time of purchase. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Crown Castle International stock?

In the current situation of Crown Castle International there is not any eligible sell setup, so Crown Castle International stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell Crown Castle International stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, just one rating was published for Crown Castle International

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Crown Castle International ratings

Brokerage firmRating
Jun 18th, 2020
Wells Fargo & Co Buy

Technical analysis

Crown Castle International stock started an uptrend in late March, and gained a gorgeous 51.25%. During this uptrend, the price provided some buy points on the breakouts. Latest low was on June 24, when price bounced at $159.15. Now, the price swings in a consolidation between its last top ($180.00) and its last bottom ($159.15)

CCI at All-time Highs

On Monday, Crown Castle International reached all-time highs (ATH) again at $180.00. Previous highs were in early June

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show market direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Technical analysts use supports and resistances as a way to find price points on a chart that tend to work as obstacles, preventing the price of shares to move in certain direction. A support level is a level where the price may find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it is likely to continue declining until approaching another support level. On the other hand, resistance levels are where the price tends to find resistance as it moves up. Likewise, this means that the price is more liable to "bounce off" at this level, and if it finally ruptures this level, the price will rally more easily until it finds the next resistance

The current resistances are:

  • R1: $175.63 (2.41% above)
  • R2: $180.00 (4.96% above)
  • The current support levels are:

  • S1: $166.67 (-2.82% below)
  • S2: $166.28 (-3.04% below)
  • S3: $159.15 (-7.2% below)
  • Bollinger bands

    So-called Bollinger bands are a widely known practice created by John Bollinger. The Bollinger Bands are bands that fluctuate around a centralmoving average, varying the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    The price is trading near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that measures price action to reveal when the share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI ranges from 0% to 100%. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by traders

    The relative strength (RSI) has been between the the levels of 30 and 70 for several weeks, and therefore, without this indicator really helping us to make any decisions.

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    Earnings and financials

    First-quarter investors event was hosted by CCI in late April after posting the earnings report. CCI presented Q1 earnings of $0.38 per share on revenue of $1.4 billion. The analysts estimate was $0.49 per share on revenue of $1.4 billion.

    Same quarter last year, reported EPS was $0.44, so recently reported EPS means a loss of -13.64%. Looking at sales, figures slightly changed compared to $1.4B same quarter a year ago.

    CCI releases Q2 financial report on late next July. Wall Street estimates earnings of %s a share of $0.49, compared to previous quarter that was $0.38. Earnings reporting day has a more than usual risk for stock investors as the data published can jump up or down the price with lower liquidity and not honouring your buy/stop-loss orders. You can uncover more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.crowncastle.com.

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