Catella AB (publ) Stock Forecast

Weaker technical forecast for Catella AB (publ) as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)

CAT-A.ST Signals & Forecast

The Catella AB (publ) 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 kr29.60 and kr30.09. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen 0%. 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 kr30.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0.133%

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 26th

For the upcoming trading day on Wednesday, 26th we expect Catella AB (publ) to open at kr30.20, and during the day (based on 14 day Average True Range), to move between kr29.03 and kr31.37, which gives a possible trading interval of +/-kr1.17 (+/-3.88%) up or down from last closing price. If Catella AB (publ) takes out the full calculated possible swing range there will be an estimated 7.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr30.00 (0.66%) than the resistance at kr30.80 (1.99%), 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?

Catella AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.336 Sell Candidate Downgraded

Predicted Opening Price for Catella AB (publ) of Wednesday, June 26, 2024

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