RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CDZI
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Volatile ride for Cadiz stock price on Thursday moving between $2.61 and $2.93
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Cadiz stock price gained 11.54% on the last trading day (Thursday, 28th Mar 2024), rising from $2.60 to $2.90. During the last trading day the stock fluctuated 12.26% from a day low at $2.61 to a day high of $2.93. The price has risen in 7 of the last 10 days and is up by 10.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 98 thousand more shares were traded than the day before. In total, 312 thousand shares were bought and sold for approximately $905.30 thousand.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.00 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.15% during the next 3 months and, with a 90% probability hold a price between $2.33 and $2.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CDZI Signals & Forecast

The Cadiz stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.63 and $2.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 18.37%. Further rise is indicated until a new top pivot has been found. Cadiz has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Cadiz stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.75 and $2.72. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cadiz finds support just below today's level at $2.75. If this is broken, then the next support from accumulated volume will be at $2.72 and $2.45.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.320 between high and low, or 12.26%. For the last week, the stock has had daily average volatility of 6.18%.

Our recommended stop-loss: $2.78 (-3.98%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (CDZI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cadiz to open at $2.81, and during the day (based on 14 day Average True Range), to move between $2.75 and $3.05, which gives a possible trading interval of +/-$0.151 (+/-5.22%) up or down from last closing price. If Cadiz takes out the full calculated possible swing range there will be an estimated 10.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.91 (0.34%) than the support at $2.75 (5.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cadiz stock A Buy?

Cadiz holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Cadiz of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.81 ( 2.99%) $2.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CDZI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.13 8.05 %
R2 3.01 3.83 %
R1 2.94 1.23 %
Current price: 2.90
Support S1 2.69 -7.20 %
S2 2.62 -9.81 %
S3 2.49 -14.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.04 4.83 %
R2 3.01 3.79 %
R1 2.91 0.345 %
Current price 2.90
Support S1 2.75 -5.17%
S2 2.72 -6.38%
S3 2.45 -15.52%

FAQ

What is the symbol for Cadiz Stock and on which exchange is it traded?
The symbol for Cadiz is CDZI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cadiz Stock?
Cadiz holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Cadiz Stock?
Cadiz Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cadiz Stock.

What's the current price of Cadiz Stock?
As of the end of day on the 2024-03-28, the price of an Cadiz (CDZI) share was $2.90.

What is the 52-week high and low for Cadiz Stock?
The 52-week high for Cadiz Stock is $5.80 and the 52-week low is $2.40.

What is the market capitalization of Cadiz Stock?
As of the 2024-03-28, the market capitalization of Cadiz is 173.448M.

When is the next earnings date for Cadiz?
The upcoming earnings date for Cadiz is Apr 04, 2024.
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About Cadiz

Cadiz Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County. It... CDZI Profile

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