Cadeler A/S Stock Forecast
Cadeler A/S stock price ended at kr55.20 on Wednesday, after gaining 0.91%.
(Updated on May 15, 2024)
The Cadeler A/S stock price gained 0.91% on the last trading day (Wednesday, 15th May 2024), rising from kr54.70 to kr55.20. During the last trading day the stock fluctuated 2.19% from a day low at kr54.80 to a day high of kr56.00. The price has risen in 6 of the last 10 days and is up by 6.77% over the past 2 weeks. Volume fell on the last day by -639 thousand shares and in total, 370 thousand shares were bought and sold for approximately kr20.41 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.35% during the next 3 months and, with a 90% probability hold a price between kr62.08 and kr70.89 at the end of this 3-month period.
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CADLR.OL Signals & Forecast
Mostly positive signals in the chart today. The Cadeler A/S 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 kr54.00 and kr51.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 13.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Cadeler A/S stock
On the downside, the stock finds support just below today's level from accumulated volume at kr52.25 and kr51.30. 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, Cadeler A/S finds support just below today's level at kr52.25. If this is broken, then the next support from accumulated volume will be at kr51.30 and kr46.66.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr1.20 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: kr53.16 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (CADLR.OL) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Cadeler A/S to open at kr55.33, and during the day (based on 14 day Average True Range), to move between kr53.30 and kr57.10, which gives a possible trading interval of +/-kr1.90 (+/-3.43%) up or down from last closing price. If Cadeler A/S takes out the full calculated possible swing range there will be an estimated 6.87% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr52.25, some kr2.95 (5.34%) from the current price of kr55.20, our system finds the risk reward attractive.
Is Cadeler A/S stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cadeler A/S stock to perform well in the short-term.
Current score: 3.647 Buy Candidate Unchanged
Predicted Opening Price for Cadeler A/S of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| kr55.33 ( 0.242%) | kr55.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CADLR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.53 | 2.42 % | |
| R2 | 56.07 | 1.59 % | ||
| R1 | 55.79 | 1.07 % | ||
| Current price: | 55.20 | |||
| Support | S1 | 54.87 | -0.589 % | |
| S2 | 54.59 | -1.10 % | ||
| S3 | 54.13 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 55.20 | |||
| Support | S1 | 52.25 | -5.34% | |
| S2 | 51.30 | -7.07% | ||
| S3 | 46.66 | -15.47% |
FAQ
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