CSE Global Limited Stock Forecast
Evaluation of CSE Global Limited stock downgraded after the last trading session.
(Updated on May 09, 2024)
The CSE Global Limited stock price fell by -4.65% on the last day (Thursday, 9th May 2024) from S$0.430 to S$0.410. During the last trading day the stock fluctuated 2.47% from a day low at S$0.405 to a day high of S$0.415. The price has been going up and down for this period, and there has been a -3.53% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 3 million shares were bought and sold for approximately S$1.31 million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately S$0.414 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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544.SI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CSE Global Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at S$0.425 and S$0.427. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -6.82%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for CSE Global Limited stock
CSE Global Limited finds support from accumulated volume at S$0.405 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved S$0.0100 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 2.39%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (544.SI) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect CSE Global Limited to open at S$0.410, and during the day (based on 14 day Average True Range), to move between S$0.399 and S$0.421, which gives a possible trading interval of +/-S$0.0108 (+/-2.64%) up or down from last closing price. If CSE Global Limited takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at S$0.405 (1.22%) than the resistance at S$0.420 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CSE Global Limited stock A Buy?
CSE Global Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -2.406 Sell Candidate Downgraded
Predicted Opening Price for CSE Global Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| S$0.410 ( 0%) | S$0.410 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 544.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.420 | 2.44 % | |
| R2 | 0.416 | 1.51 % | ||
| R1 | 0.414 | 0.93 % | ||
| Current price: | 0.410 | |||
| Support | S1 | 0.406 | -0.93 % | |
| S2 | 0.404 | -1.51 % | ||
| S3 | 0.400 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.430 | 4.88 % | |
| R2 | 0.425 | 3.66 % | ||
| R1 | 0.420 | 2.44 % | ||
| Current price | 0.410 | |||
| Support | S1 | 0.405 | -1.22% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
544 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 20, 2024 | S$0.0150 | 3.61% |
| 2 | Aug 16, 2023 | Aug 16, 2023 | Aug 16, 2023 | S$0.0125 | 2.78% |
| 3 | May 04, 2023 | May 04, 2023 | May 04, 2023 | S$0.0150 | 4.35% |
| 4 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | S$0.0124 | 2.75% |
| 5 | May 05, 2022 | May 05, 2022 | May 05, 2022 | S$0.0149 | 3.19% |
FAQ
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