AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
California Resources' 15min chart sees Bollinger Bands Narrowing, Bearish Marubozu signal.
ByAinvest
Friday, Sep 5, 2025 10:19 am ET1min read
Based on the 15-minute chart for California Resources, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. This, coupled with the presence of a bearish Marubozu, suggests that sellers are currently in control of the market. As a result, it is likely that the bearish momentum will continue.
Title: California Resources Corp: Stock Price Target Raised; Share Repurchase Program ExtendedBofA Global Research has recently raised the price target on California Resources Corp (CRC) to $60, up from $53, and maintained a "buy" rating [1]. This represents a significant 20% upside to the stock's last close. The brokerage attributes this move to the California Energy Commission's decision to defer new profits caps on refineries by five years, indicating support for pro-oil and gas policies [1].
Operational Performance and Share Repurchase
In its latest quarterly presentation, CRC reported robust operational and financial performance [2]. The company repurchased $228 million of shares in a private deal at $46 per share and an additional $24 million in the open market at an average of $43.41 per share. This brings the total repurchased shares to $252 million, with $205 million remaining under the authorized share repurchase program, which has been extended through June 30, 2026 [2].
Technical Indicators
Analyzing the 15-minute chart for CRC, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. This trend, coupled with the presence of a bearish Marubozu, suggests that sellers are currently in control of the market. As a result, it is likely that the bearish momentum will continue.
Market Sentiment and Analyst Ratings
As of the last close, CRC's stock was down approximately 4% year-to-date. Twelve out of 13 brokerages rate the stock "buy" or higher, with a median price target of $60.50 [1]. This positive sentiment, along with the recent operational and financial achievements, provides a strong foundation for CRC's stock performance.
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UQ0OX:0-bofa-global-research-raises-price-target-on-california-resources/
[2] https://www.marketscreener.com/news/california-resources-crc-september-2025-presentation-36ad63-ce7d59dbda8aff22
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet