Catapult Group International Limited Stock Forecast
Stronger technical forecast for Catapult Group International Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
The Catapult Group International Limited stock price fell by -2.83% on the last day (Friday, 28th Jun 2024) from $1.95 to $1.89. During the last trading day the stock fluctuated 3.77% from a day low at $1.86 to a day high of $1.93. The price has been going up and down for this period, and there has been a 3.28% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -68 thousand shares and in total, 280 thousand shares were bought and sold for approximately $530.09 thousand.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $1.95 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.39% during the next 3 months and, with a 90% probability hold a price between $2.03 and $2.45 at the end of this 3-month period.
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CAT.AX Signals & Forecast
The Catapult Group International Limited 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 $1.90. On a fall, the stock will find some support from the long-term average at approximately $1.70. 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 Thursday, June 27, 2024, and so far it has fallen -2.83%. 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 Catapult Group International Limited stock
Catapult Group International Limited finds support from accumulated volume at $1.83 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 $0.0700 between high and low, or 3.77%. For the last week the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: $1.81 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (CAT.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Catapult Group International Limited to open at $1.89, and during the day (based on 14 day Average True Range), to move between $1.81 and $1.97, which gives a possible trading interval of +/-$0.0826 (+/-4.37%) up or down from last closing price. If Catapult Group International Limited takes out the full calculated possible swing range there will be an estimated 8.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.90 (0.26%) than the support at $1.83 (3.17%), 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 Catapult Group International Limited 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 Catapult Group International Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.002 Buy Candidate Upgraded
Predicted Opening Price for Catapult Group International Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.89 ( 0%) | $1.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAT.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.96 | 3.70% |
| R2 | 1.93 | 2.29% |
| R1 | 1.92 | 1.41% |
| Price | 1.89 | |
| S1 | 1.86 | -1.41% |
| S2 | 1.85 | -2.29% |
| S3 | 1.82 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.95 | 2.91% |
| R2 | 1.90 | 0.529% |
| R1 | 1.90 | 0.265% |
| Price | 1.89 | |
| S1 | 1.83 | -3.17% |
| S2 | 1.70 | -10.05% |
| S3 | 1.46 | -23.02% |
FAQ
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