Cordish Dixon Private Equity I Fund Forecast

Cordish Dixon Private Equity I fund upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

CD1.AX Signals & Forecast

The Cordish Dixon Private Equity I fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the fund 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 A$0.672 and A$0.678. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 3.82%. Further rise is indicated until a new top pivot has been found. Cordish Dixon Private Equity I has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Cordish Dixon Private Equity I fund

Cordish Dixon Private Equity I finds support from accumulated volume at A$0.675 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved A$0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0.150%.

Our recommended stop-loss: A$0.641 (-5.77%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (CD1.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cordish Dixon Private Equity I to open at A$0.680, and during the day (based on 14 day Average True Range), to move between A$0.667 and A$0.693, which gives a possible trading interval of +/-A$0.0128 (+/-1.89%) up or down from last closing price. If Cordish Dixon Private Equity I takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at A$0.685 (0.74%) than the support at A$0.675 (0.74%), 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 Cordish Dixon Private Equity I fund A Buy?

Cordish Dixon Private Equity I 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. We have upgraded our analysis conclusion for this fund since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.966 Hold/Accumulate Upgraded

Predicted Opening Price for Cordish Dixon Private Equity I of Monday, July 1, 2024

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