CDL Investments New Zealand Limited Stock Forecast
CDL Investments New Zealand Limited stock downgraded to Sell Candidate
(Updated on Jun 21, 2024)
No changes to the price of CDL Investments New Zealand Limited stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.740 to a day high of $0.740. The price has been going up and down for this period, and there has been a 4.23% gain for the last 2 weeks.
The stock lies the upper part of a wide and falling 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 $0.747 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.88% during the next 3 months and, with a 90% probability hold a price between $0.565 and $0.658 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CDI.NZ Signals & Forecast
The CDL Investments New Zealand 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 $0.747. On a fall, the stock will find some support from the long-term average at approximately $0.713. 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 Wednesday, June 19, 2024, and so far it has fallen -1.33%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CDL Investments New Zealand Limited stock
CDL Investments New Zealand Limited finds support from accumulated volume at $0.710 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.270%.
The CDL Investments New Zealand Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CDI.NZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect CDL Investments New Zealand Limited to open at $0.740, and during the day (based on 14 day Average True Range), to move between $0.733 and $0.747, which gives a possible trading interval of +/-$0.0065 (+/-0.88%) up or down from last closing price. If CDL Investments New Zealand Limited takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.770 (4.05%) than the support at $0.710 (4.05%), 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 CDL Investments New Zealand Limited stock A Buy?
CDL Investments New Zealand Limited 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 Hold/Accumulate to a Sell candidate.
Current score: -2.517 Sell Candidate Downgraded
Predicted Opening Price for CDL Investments New Zealand Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.740 ( 0.00000000%) | $0.740 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDI.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.740 | 0.00000000% |
| R2 | 0.740 | 0.00000000% |
| R1 | 0.740 | 0.00000000% |
| Price | 0.740 | |
| S1 | 0.740 | 0.00000000% |
| S2 | 0.740 | 0.00000000% |
| S3 | 0.740 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.80 | 8.11% |
| R2 | 0.790 | 6.76% |
| R1 | 0.770 | 4.05% |
| Price | 0.740 | |
| S1 | 0.710 | -4.05% |
| S2 | 0.700 | -5.41% |
| S3 | 0.685 | -7.43% |
CDI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 17, 2024 | $0.0412 | 5.88% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | $0.0350 | 4.43% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | $0.0350 | 3.27% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | $0.0350 | 3.13% |
| 5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | $0.0350 | 4.38% |
FAQ
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