SA Catana Group Stock Forecast
SA Catana Group stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The SA Catana Group stock price fell by -2.74% on the last day (Friday, 17th May 2024) from 5.47€ to 5.32€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.96% from a day low at 5.30€ to a day high of 5.51€. The price has been going up and down for this period, and there has been a 2.7% 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 -5 thousand shares and in total, 27 thousand shares were bought and sold for approximately 141.34€ thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 5.52€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SA Catana Group stock with a 90% probability to be traded between 4.47€ and 5.49€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CATG.PA Signals & Forecast
The SA Catana Group 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 5.44€. On a fall, the stock will find some support from the long-term average at approximately 4.97€. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, May 13, 2024, and so far it has fallen -3.62%. Further fall is indicated until a new bottom pivot has been found. 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 SA Catana Group stock
On the downside, the stock finds support just below today's level from accumulated volume at 4.92€ and 4.83€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SA Catana Group finds support just below today's level at 4.92€. If this is broken, then the next support from accumulated volume will be at 4.83€ and 4.57€.
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 0.210€ between high and low, or 3.96%. For the last week the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CATG.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SA Catana Group to open at 5.38€, and during the day (based on 14 day Average True Range), to move between 5.18€ and 5.46€, which gives a possible trading interval of +/-0.138€ (+/-2.59%) up or down from last closing price. If SA Catana Group takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.37€ (0.94%) than the support at 4.92€ (7.52%), 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 SA Catana Group stock A Buy?
SA Catana Group 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 Buy to a Sell candidate.
Current score: -1.515 Sell Candidate Downgraded
Predicted Opening Price for SA Catana Group of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 5.38€ ( 1.07%) | 5.32€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CATG.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.59 | 5.01 % | |
| R2 | 5.51 | 3.50 % | ||
| R1 | 5.46 | 2.57 % | ||
| Current price: | 5.32 | |||
| Support | S1 | 5.30 | -0.443 % | |
| S2 | 5.25 | -1.37 % | ||
| S3 | 5.17 | -2.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.52 | 3.76 % | |
| R2 | 5.39 | 1.32 % | ||
| R1 | 5.37 | 0.94 % | ||
| Current price | 5.32 | |||
| Support | S1 | 4.92 | -7.52% | |
| S2 | 4.83 | -9.21% | ||
| S3 | 4.57 | -14.19% |
CATG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 05, 2024 | 0€ | 0% |
| 2 | Mar 01, 2023 | Mar 01, 2023 | Mar 01, 2023 | 0.150€ | 2.02% |
| 3 | Mar 02, 2022 | Mar 02, 2022 | Mar 02, 2022 | 0.130€ | 1.77% |
FAQ
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