Caixabank Stock Forecast
Green day on Tuesday for Caixabank stock after gaining 1.12%
(Updated on Jul 02, 2024)
The Caixabank stock price gained 1.12% on the last trading day (Tuesday, 2nd Jul 2024), rising from $1.79 to $1.81. During the last trading day the stock fluctuated 1.12% from a day low at $1.79 to a day high of $1.81. The price has risen in 5 of the last 10 days and is up by 4.62% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 854 shares were bought and sold for approximately $1.55 thousand. 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 weak 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 7.03% during the next 3 months and, with a 90% probability hold a price between $1.86 and $2.12 at the end of this 3-month period.
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CAIXY Signals & Forecast
The Caixabank 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 $1.76 and $1.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 5.23%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Caixabank stock
Caixabank finds support from accumulated volume at $1.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0200 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: $1.75 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (CAIXY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Caixabank to open at $1.80, and during the day (based on 14 day Average True Range), to move between $1.75 and $1.87, which gives a possible trading interval of +/-$0.0554 (+/-3.06%) up or down from last closing price. If Caixabank takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.82 (0.55%) than the support at $1.80 (0.55%), 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 Caixabank 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 Caixabank stock to perform well in the short-term.
Current score: 1.215 Buy Candidate Unchanged
Predicted Opening Price for Caixabank of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.80 ( 0.368%) | $1.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAIXY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.82 | 0.737% |
| R2 | 1.82 | 0.315% |
| R1 | 1.81 | 0.0538% |
| Price | 1.81 | |
| S1 | 1.80 | -0.790% |
| S2 | 1.79 | -1.05% |
| S3 | 1.78 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.86 | 2.76% |
| R2 | 1.85 | 2.33% |
| R1 | 1.82 | 0.552% |
| Price | 1.81 | |
| S1 | 1.80 | -0.552% |
| S2 | 1.76 | -2.76% |
| S3 | 1.64 | -9.39% |
CAIXY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 18, 2024 | $0.101 | 5.97% |
| 2 | Jul 09, 2023 | Apr 10, 2023 | Apr 26, 2023 | $0.0830 | 6.86% |
| 3 | Apr 14, 2022 | Apr 18, 2022 | May 05, 2022 | $0.0530 | 5.20% |
| 4 | May 19, 2021 | May 21, 2021 | Jun 08, 2021 | $0.0110 | 0.97% |
| 5 | Apr 13, 2020 | Apr 13, 2020 | Apr 30, 2020 | $0.0250 | 4.39% |
FAQ
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