Caspian Sunrise Plc Stock Forecast
Caspian Sunrise Plc stock price up 4.41% on Friday
(Updated on Apr 26, 2024)
The Caspian Sunrise Plc stock price gained 4.41% on the last trading day (Friday, 26th Apr 2024), rising from £3.40 to £3.55. During the last trading day the stock fluctuated 9.15% from a day low at £3.40 to a day high of £3.71. The price has risen in 4 of the last 10 days and is up by 7.58% 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, 4 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately £19.07 million.
The stock lies in the middle of a very 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 36.31% during the next 3 months and, with a 90% probability hold a price between £3.82 and £5.93 at the end of this 3-month period.
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CASP.L Signals & Forecast
The Caspian Sunrise Plc 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 £3.07 and £3.09. A breakdown below any of these levels will issue sell signals. 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 Thursday, April 04, 2024, and so far it has fallen -12.35%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Caspian Sunrise Plc stock
Caspian Sunrise Plc finds support from accumulated volume at £3.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.311 between high and low, or 9.15%. For the last week, the stock has had daily average volatility of 9.19%.
Our recommended stop-loss: £3.37 (-5.01%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (CASP.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Caspian Sunrise Plc to open at £3.55, and during the day (based on 14 day Average True Range), to move between £3.26 and £3.84, which gives a possible trading interval of +/-£0.286 (+/-8.07%) up or down from last closing price. If Caspian Sunrise Plc takes out the full calculated possible swing range there will be an estimated 16.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3.59 (1.08%) than the support at £3.40 (4.23%), 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 Caspian Sunrise Plc 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 Caspian Sunrise Plc stock to perform well in the short-term.
Current score: 2.803 Buy Candidate Unchanged
Predicted Opening Price for Caspian Sunrise Plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £3.55 ( 0.0836%) | £3.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CASP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.86 | 8.84 % | |
| R2 | 3.75 | 5.50 % | ||
| R1 | 3.67 | 3.43 % | ||
| Current price: | 3.55 | |||
| Support | S1 | 3.43 | -3.26 % | |
| S2 | 3.36 | -5.33 % | ||
| S3 | 3.24 | -8.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.00 | 12.68 % | |
| R2 | 3.65 | 2.82 % | ||
| R1 | 3.59 | 1.08 % | ||
| Current price | 3.55 | |||
| Support | S1 | 3.40 | -4.23% | |
| S2 | 3.00 | -15.49% | ||
| S3 | 2.75 | -22.54% |
CASP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2023 | Mar 02, 2023 | Mar 23, 2023 | £0.0444 | 0.694% |
| 2 | Jan 12, 2023 | Jan 19, 2023 | Feb 16, 2023 | £0.0444 | 0.634% |
| 3 | Dec 05, 2022 | Dec 15, 2022 | Jan 16, 2023 | £0.0444 | 0.86% |
| 4 | Nov 04, 2022 | Nov 17, 2022 | Dec 16, 2022 | £0.0444 | 1.07% |
FAQ
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