Technical Analysis: Crown Castle (CCI) shows mixed technical signals. The RSI-14 at 57.14 indicates neutral momentum, while the MACD line (-0.05) with a positive histogram (0.39) suggests a potential bullish crossover. The stock is trading above its 20-day SMA (89.74) but below both 60-day (92.72) and 200-day (100.61) SMAs, indicating a longer-term bearish trend.
Price Targets and Support/Resistance:
News Impact: Recent analyst coverage remains mixed:
Next Week Price Prediction: Based on technical indicators and recent price action, CCI is likely to trade within:
Trading Recommendation: HOLD with potential to accumulate on dips below $90. The stock shows signs of stabilization but needs to break above $93.34 (upper Bollinger Band) for confirmed bullish momentum. Current risk-reward ratio favors holding existing positions rather than initiating new ones at current levels.
The price of CCI is predicted to go up 6.48%, based on the high correlation periods with AMT. The similarity of these two price pattern on the periods is 92.45%.
CCI
AMT
Crown's tower business runs on autopilot. It requires very minimal capital spending and is virtually assured of stable growth each year due to contractual rent escalators, and mostly fixed costs.
Small cells are poised to switch from a burden to a benefit, as the heaviest capital spending is past and new small cell deployments and sales growth are poised to rise materially.
A pickup in carrier spending on its mobile networks is almost inevitable as rapid mobile data usage continues and 5G networks are not complete.
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