Catella AB (publ) Stock Forecast
Catella AB (publ) stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
No changes to the price of Catella AB (publ) stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at kr28.20 to a day high of kr28.20. The price has been going up and down for this period, and there has been a -0.7% loss for the last 2 weeks.
The stock lies in the middle of a very 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 4.20% during the next 3 months and, with a 90% probability hold a price between kr26.89 and kr34.67 at the end of this 3-month period.
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CAT-A.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Catella AB (publ) 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 kr29.00 and kr30.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -14.02%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Catella AB (publ) stock
Catella AB (publ) finds support from accumulated volume at kr28.00 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 kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAT-A.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Catella AB (publ) to open at kr28.20, and during the day (based on 14 day Average True Range), to move between kr27.01 and kr29.39, which gives a possible trading interval of +/-kr1.19 (+/-4.22%) up or down from last closing price. If Catella AB (publ) takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr28.00 (0.71%) than the resistance at kr30.00 (6.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Catella AB (publ) stock A Buy?
The Catella AB (publ) stock holds several negative signals and despite the positive trend, we believe Catella AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.191 Sell Candidate Downgraded
Predicted Opening Price for Catella AB (publ) of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
kr28.20 ( 0%) | kr28.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAT-A.ST
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 28.20 | - |
R2 | 28.20 | - |
R1 | 28.20 | - |
Price | 28.20 | |
S1 | 28.20 | - |
S2 | 28.20 | - |
S3 | 28.20 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30.80 | 9.22% |
R2 | 30.20 | 7.09% |
R1 | 30.00 | 6.38% |
Price | 28.20 | |
S1 | 28.00 | -0.709% |
S2 | 27.20 | -3.55% |
S3 | 25.00 | -11.35% |
CAT-A Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2024 | May 23, 2024 | May 29, 2024 | kr0.90 | 2.88% |
2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | kr1.20 | 3.97% |
3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | kr1.00 | 2.69% |
4 | May 26, 2021 | May 26, 2021 | May 26, 2021 | kr0.90 | 3.04% |
5 | May 28, 2019 | May 28, 2019 | May 28, 2019 | kr1.20 | 4.11% |
FAQ
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