SA Catana Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in SA Catana Group stock price on Friday which ended trading at 4.41€
(Updated on Jun 14, 2024)
The SA Catana Group stock price fell by -5.47% on the last day (Friday, 14th Jun 2024) from 4.67€ to 4.41€. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 10.06% from a day low at 4.23€ to a day high of 4.65€. The price has fallen in 8 of the last 10 days and is down by -18.33% for this period. Volume has increased on the last day by 114 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 210 thousand shares were bought and sold for approximately 927.90€ thousand.
Given the current short-term trend, the stock is expected to rise 15.81% during the next 3 months and, with a 90% probability hold a price between 5.11€ and 6.58€ at the end of this 3-month period.
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CATG.PA Signals & Forecast
There are few to no technical positive signals at the moment. The SA Catana Group 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 5.03€ and 5.25€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -21.11%. 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). SA Catana Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for SA Catana Group stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.425€ between high and low, or 10.06%. For the last week, the stock has had daily average volatility of 6.51%.
SA Catana Group is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 17th
For the upcoming trading day on Monday, 17th we expect SA Catana Group to open at 4.43€, and during the day (based on 14 day Average True Range), to move between 4.20€ and 4.62€, which gives a possible trading interval of +/-0.210€ (+/-4.77%) up or down from last closing price. If SA Catana Group takes out the full calculated possible swing range there will be an estimated 9.55% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 4.57€, some 0.155€ (3.51%) from the current price of 4.41€, our system finds the risk reward not very attractive.
Is SA Catana Group stock A Buy?
The SA Catana Group stock holds several negative signals and despite the positive trend, we believe SA Catana Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.250 Sell Candidate Unchanged
Predicted Opening Price for SA Catana Group of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 4.43€ ( 0.416%) | 4.41€ |
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 | |
|---|---|---|
| R3 | 4.85 | 10.05% |
| R2 | 4.69 | 6.37% |
| R1 | 4.59 | 4.10% |
| Price | 4.41 | |
| S1 | 4.27 | -3.27% |
| S2 | 4.17 | -5.54% |
| S3 | 4.00 | -9.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.92 | 11.56% |
| R2 | 4.83 | 9.52% |
| R1 | 4.57 | 3.51% |
| Price | 4.41 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CATG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 05, 2024 | 0.150€ | 3.10% |
| 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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