CoreCivic, Inc. (CXW)

CoreCivic stock forecast: buy or sell

CoreCivic stock outlook

  • CoreCivic closed today at $8.80 after collapsing a -4.86%.
  • The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways.
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Important note:
The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the particular conditions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for educative purposes only

CoreCivic stock chart overview

Should I buy CoreCivic 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, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is CXW stock a buy?

In the current situation of CoreCivic there is not any eligible buy setup. This doesn't mean CXW 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 CoreCivic stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Just as when we have to buy shares, choosing when is appropiate time to sell is not a random decision, and we must follow our own trading strategy. Our trading system selects very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups are not intended for shorting CXW stock

A golden rule is that you should not keep a trade that generates greater losses than those expected by the time of purchase. When to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell CoreCivic stock?

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

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Analysts' recommendations to buy or sell CoreCivic 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

We don't have any rating posted in the previous month for CoreCivic

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Technical analysis

Since in mid-March, CoreCivic has been printing an uptrend that by now marked an amazing 9.73%. Rising peaks and troughs can be seen easily on a chart and how price action gave very few entry points on the breakouts. Latest pullback was in mid-May, when price bounced at $9.62. On June 24, the uptrend got broken when price moved downward under the $9.62 support

SMAs overview

Moving averages are tools for traders to measure momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Technical analysts use supports and resistances to spot price points in the stock price action that may work as obstacles, containing the price of an asset to move in certain direction. Supports are levels where the price tends to stop as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it will probably continue falling until meeting another support level. On the other hand, resistance levels are where the price may find resistance as it rises. In the same way, this means that the price is more likely to "bounce off" at this level, and if it finally ruptures this level, it will climb more easily until it approaches the next resistance

The current resistance levels are:

  • R1: $8.80 (0% above)
  • R2: $8.82 (0.23% above)
  • R3: $8.88 (0.91% above)
  • The current supports are:

  • S1: $8.48 (-3.64% below)
  • S2: $8.38 (-4.77% below)
  • S3: $8.06 (-8.41% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. Basically, the Bollinger Bands are bands that fluctuate around a centralmoving average and vary the distance from the bottom to the top depending on market volatility. They are usually drawn 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

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. Its objective is to chart the current and historical weakness or strength of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI fluctuates in a range from 0 to 100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in 1978

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

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    Earnings and financials

    CoreCivic, Inc. (CXW) posted adjusted EPS for the fiscal Q1 that uplifted Market expectations. Quarterly EPS was $0.30 per share instead of $0.26. This Q1 report represents an earnings surprise of 15.38%. On the contrary, the company said revenue for Q1 was $491.1 million in line with analysts' estimates.

    For comparison, the EPS for the same quarter last year was $0.42, so reported EPS means a loss of -28.57%. Looking at revenues, figures scarcely changed compared to $484.1M same quarter a year ago.

    CoreCivic is hosting the quarterly earnings call on early next August. Wall Street analysts forecast a per-share earnings of %s of $0.37, that is a 23.33% higher than previous quarter. Financial reporting day has an additional risk for traders as the information disclosed can gap up or down the price with very low volume and not respecting your buy/stop-loss orders. It's always good to review company's website to confirm time and details on the earnings call and the earnings report.

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