Crown Holdings’ stock is trading at around $90.11 a share and is one on our watchlist from the consumer cyclical sector as we approach the first Fed rate cut. Based on a technical outlook, the weekly chart shows us that the price of the stock has been moving sideways since October of 2022. The beginning of the cutting cycle could provide a momentum boost from Crown for a possible break out of the channel towards the upside. We can see the primary resistance is around $96.29 and a strong move above this price level would certainly incentivise investors to add to their positions. The attention would then shift towards the area of $102.62-$110.75 as that’s where the following resistance lies (based on the past price action). Towards the downside, the first point of support is at $83.14. followed by $76.55. A break below $76.55 would likely fade the recent optimism and could lead to a sell-off seeing the price fall towards the lower trendline of the channel. Looking at the technical indicators, bullish momentum is certainly present as both the MACD and RSI are positive. However, a cautious approach should remain as the indicators have been in a similar position in the past just before turning negative