Capital Drilling Ltd. Stock Forecast
Green day on Friday for Capital Drilling Ltd.
(Updated on May 03, 2024)
The Capital Drilling Ltd. stock price gained 4.25% on the last trading day (Friday, 3rd May 2024), rising from £98.80 to £103.00. During the last trading day the stock fluctuated 3.62% from a day low at £99.40 to a day high of £103.00. The price has risen in 5 of the last 10 days and is up by 7.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 99 thousand shares were bought and sold for approximately £10.15 million.
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 19.12% during the next 3 months and, with a 90% probability hold a price between £112.08 and £125.51 at the end of this 3-month period.
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CAPD.L Signals & Forecast
The Capital Drilling Ltd. 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 £102.69 and £94.25. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 26, 2024, and so far it has fallen -0.96%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Capital Drilling Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at £88.00 and £86.00. 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, Capital Drilling Ltd. finds support just below today's level at £88.00. If this is broken, then the next support from accumulated volume will be at £86.00 and £85.00.
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 £3.60 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: £99.10 (-3.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (CAPD.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Capital Drilling Ltd. to open at £101.80, and during the day (based on 14 day Average True Range), to move between £99.61 and £106.39, which gives a possible trading interval of +/-£3.39 (+/-3.29%) up or down from last closing price. If Capital Drilling Ltd. takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £103.50 (0.49%) than the support at £88.00 (14.56%), 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 Capital Drilling Ltd. 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 Capital Drilling Ltd. stock to perform well in the short-term.
Current score: 2.864 Buy Candidate Unchanged
Predicted Opening Price for Capital Drilling Ltd. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
£101.80 ( 1.17%) | £103.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAPD.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 105.40 | 2.33 % | |
R2 | 104.02 | 0.99 % | ||
R1 | 103.18 | 0.170 % | ||
Current price: | 103.00 | |||
Support | S1 | 100.42 | -2.50 % | |
S2 | 99.58 | -3.33 % | ||
S3 | 98.20 | -4.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 104.00 | 0.97 % | ||
R1 | 103.50 | 0.485 % | ||
Current price | 103.00 | |||
Support | S1 | 88.00 | -14.56% | |
S2 | 86.00 | -16.50% | ||
S3 | 85.00 | -17.48% |
CAPD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 15, 2024 | £2.04 | 1.98% |
2 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | £2.60 | 2.68% |
3 | Aug 18, 2022 | Sep 01, 2022 | Oct 03, 2022 | £1.30 | 1.53% |
4 | Mar 10, 2022 | Apr 07, 2022 | May 10, 2022 | £2.40 | 2.60% |
5 | Mar 10, 2022 | Apr 06, 2022 | May 10, 2022 | £2.40 | 2.60% |
FAQ
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