CapitaLand Integrated Commercial Trust Stock Forecast

Red day on Friday for CapitaLand Integrated Commercial Trust stock after losing 0%
(Updated on May 24, 2024)

C38U.SI Signals & Forecast

The CapitaLand Integrated Commercial Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at S$1.98 and S$1.94. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for CapitaLand Integrated Commercial Trust stock

CapitaLand Integrated Commercial Trust finds support from accumulated volume at S$1.97 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved S$0.0300 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: S$1.92 (-3.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (C38U.SI) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect CapitaLand Integrated Commercial Trust to open at S$1.99, and during the day (based on 14 day Average True Range), to move between S$1.96 and S$2.02, which gives a possible trading interval of +/-S$0.0343 (+/-1.72%) up or down from last closing price. If CapitaLand Integrated Commercial Trust takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ S$1.97, some S$0.0200 (1.01%) from the current price of S$1.99, our system finds the risk reward attractive.

Is CapitaLand Integrated Commercial Trust stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for CapitaLand Integrated Commercial Trust stock to perform well in the short-term period.

Current score: 1.753 Buy Candidate Unchanged

Predicted Opening Price for CapitaLand Integrated Commercial Trust of Tuesday, May 28, 2024

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