Castellum AB Stock Forecast

Green day on Monday for Castellum AB stock after gaining 0.189%
(Updated on May 20, 2024)

CAST.ST Signals & Forecast

Mostly positive signals in the chart today. The Castellum AB 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 kr132.46 and kr132.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.94%. 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 Castellum AB stock

Castellum AB finds support from accumulated volume at kr131.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr1.95 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 2.30%.

Our recommended stop-loss: kr127.42 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (CAST.ST) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Castellum AB to open at kr132.92, and during the day (based on 14 day Average True Range), to move between kr129.08 and kr136.32, which gives a possible trading interval of +/-kr3.62 (+/-2.73%) up or down from last closing price. If Castellum AB takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr131.95 (0.57%) than the resistance at kr134.25 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Castellum AB 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 Castellum AB stock to perform well in the short-term.

Current score: 3.265 Buy Candidate Unchanged

Predicted Opening Price for Castellum AB of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.