Cadeler A/S Stock Forecast
Cadeler A/S stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Cadeler A/S stock price gained 3.42% on the last trading day (Friday, 3rd May 2024), rising from $18.70 to $19.34. During the last trading day the stock fluctuated 2.45% from a day low at $18.99 to a day high of $19.45. The price has risen in 6 of the last 10 days and is up by 8.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 165 thousand more shares were traded than the day before. In total, 371 thousand shares were bought and sold for approximately $7.17 million.
The stock lies in the upper part of a wide and weak 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 $19.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.66% during the next 3 months and, with a 90% probability hold a price between $19.07 and $21.13 at the end of this 3-month period.
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CDLR Signals & Forecast
Mostly positive signals in the chart today. The Cadeler A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $18.67 and $18.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Cadeler A/S stock
Cadeler A/S finds support from accumulated volume at $18.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.465 (2.45%) between high and low. For the last week, the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: $18.62 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (CDLR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cadeler A/S to open at $19.26, and during the day (based on 14 day Average True Range), to move between $18.78 and $19.90, which gives a possible trading interval of +/-$0.558 (+/-2.89%) up or down from last closing price. If Cadeler A/S takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.99, some $0.350 (1.81%) from the current price of $19.34, our system finds the risk reward attractive.
Is Cadeler A/S stock A Buy?
Cadeler A/S holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.434 Strong Buy Candidate Upgraded
Predicted Opening Price for Cadeler A/S of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $19.26 ( 0.422%) | $19.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDLR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.72 | 1.98 % | |
| R2 | 19.55 | 1.06 % | ||
| R1 | 19.44 | 0.496 % | ||
| Current price: | 19.34 | |||
| Support | S1 | 19.08 | -1.34 % | |
| S2 | 18.97 | -1.91 % | ||
| S3 | 18.79 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 19.34 | |||
| Support | S1 | 18.99 | -1.81% | |
| S2 | 18.94 | -2.07% | ||
| S3 | 18.70 | -3.31% |
FAQ
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