CAE Inc Stock Forecast
CAE Inc stock price ended at $18.73 on Tuesday, after gaining 1.24%.
(Updated on Jul 02, 2024)
The CAE Inc stock price gained 1.24% on the last trading day (Tuesday, 2nd Jul 2024), rising from $18.50 to $18.73. During the last trading day the stock fluctuated 2.17% from a day low at $18.40 to a day high of $18.80. The price has risen in 6 of the last 10 days and is up by 3.14% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 265 thousand shares were bought and sold for approximately $4.96 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.68% during the next 3 months and, with a 90% probability hold a price between $16.80 and $19.30 at the end of this 3-month period.
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CAE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 3.88%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CAE Inc 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 $18.85 and $19.05. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for CAE Inc stock
CAE Inc finds support from accumulated volume at $18.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.400 (2.17%) between high and low. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CAE Inc to open at $18.64, and during the day (based on 14 day Average True Range), to move between $18.27 and $19.19, which gives a possible trading interval of +/-$0.462 (+/-2.47%) up or down from last closing price. If CAE Inc takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.79 (0.32%) than the support at $18.55 (0.96%), 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 CAE Inc stock A Buy?
CAE Inc holds several negative signals and is within a wide and 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.
Current score: -3.792 Sell Candidate Unchanged
Predicted Opening Price for CAE Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $18.64 ( 0.463%) | $18.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.04 | 1.67% |
| R2 | 18.89 | 0.86% |
| R1 | 18.80 | 0.353% |
| Price | 18.73 | |
| S1 | 18.49 | -1.28% |
| S2 | 18.40 | -1.78% |
| S3 | 18.24 | -2.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.92 | 1.01% |
| R2 | 18.80 | 0.374% |
| R1 | 18.79 | 0.320% |
| Price | 18.73 | |
| S1 | 18.55 | -0.96% |
| S2 | 18.49 | -1.28% |
| S3 | 18.11 | -3.31% |
CAE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 10, 2020 | Mar 12, 2020 | Mar 31, 2020 | $0.0800 | 0.634% |
| 2 | Nov 13, 2019 | Dec 12, 2019 | Dec 31, 2019 | $0.0830 | 0.314% |
| 3 | Aug 14, 2019 | Sep 12, 2019 | Sep 30, 2019 | $0.0830 | 0.327% |
| 4 | May 20, 2019 | Jun 13, 2019 | Jun 28, 2019 | $0.0750 | 0.279% |
| 5 | Aug 14, 2018 | Sep 13, 2018 | Sep 28, 2018 | $0.0770 | 0.379% |
FAQ
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