Catella AB (publ) Stock Forecast

Catella AB (publ) stock price ended at kr30.35 on Wednesday, after losing 0.492%.
(Updated on Apr 17, 2024)

CAT-B.ST Signals & Forecast

The Catella AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr31.05. On a fall, the stock will find some support from the long-term average at approximately kr29.67. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 12, 2024, and so far it has fallen -4.26%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Catella AB (publ) stock

Catella AB (publ) finds support from accumulated volume at kr29.85 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 kr0.350 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 2.40%.

Our recommended stop-loss: kr28.67 (-5.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (CAT-B.ST) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Catella AB (publ) to open at kr30.47, and during the day (based on 14 day Average True Range), to move between kr29.52 and kr31.18, which gives a possible trading interval of +/-kr0.83 (+/-2.73%) up or down from last closing price. If Catella AB (publ) 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 resistance from accumulated volume at kr30.50 (0.49%) than the support at kr29.85 (1.65%), 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 Catella AB (publ) stock A Buy?

Catella AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.647 Hold/Accumulate Unchanged

Predicted Opening Price for Catella AB (publ) of Thursday, April 18, 2024

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