Cadence Capital Ltd Fund Forecast
Cadence Capital Ltd fund price down 2.08% on Friday
(Updated on Jun 28, 2024)
The Cadence Capital Ltd fund price fell by -2.08% on the last day (Friday, 28th Jun 2024) from A$0.720 to A$0.705. During the last trading day the fund fluctuated 2.84% from a day low at A$0.705 to a day high of A$0.725. The price has fallen in 5 of the last 10 days and is down by -3.42% for this period. Volume has increased on the last day by 39 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, 489 thousand shares were bought and sold for approximately A$344.88 thousand.
The fund lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at A$0.697 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the fund is expected to fall -6.94% during the next 3 months and, with a 90% probability hold a price between A$0.649 and A$0.693 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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CDM.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.714%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cadence Capital Ltd fund 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 A$0.710 and A$0.726. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Cadence Capital Ltd 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 Cadence Capital Ltd fund
Cadence Capital Ltd finds support from accumulated volume at A$0.700 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$0.0200 between high and low, or 2.84%. For the last week the fund has had daily average volatility of 2.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CDM.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cadence Capital Ltd to open at A$0.712, and during the day (based on 14 day Average True Range), to move between A$0.692 and A$0.718, which gives a possible trading interval of +/-A$0.0126 (+/-1.79%) up or down from last closing price. If Cadence Capital Ltd takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$0.700 (0.71%) than the resistance at A$0.725 (2.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cadence Capital Ltd fund A Buy?
Cadence Capital Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.
Current score: -3.219 Sell Candidate Unchanged
Predicted Opening Price for Cadence Capital Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$0.712 ( 0.95%) | A$0.705 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDM.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.732 | 3.78% |
| R2 | 0.724 | 2.70% |
| R1 | 0.719 | 2.03% |
| Price | 0.705 | |
| S1 | 0.704 | -0.138% |
| S2 | 0.699 | -0.81% |
| S3 | 0.692 | -1.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.740 | 4.96% |
| R2 | 0.730 | 3.55% |
| R1 | 0.725 | 2.84% |
| Price | 0.705 | |
| S1 | 0.700 | -0.709% |
| S2 | 0 | - |
| S3 | 0 | - |
CDM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 15, 2024 | Apr 30, 2024 | A$0.0300 | 4.11% |
| 2 | Oct 16, 2023 | Oct 16, 2023 | Oct 16, 2023 | A$0.0300 | 4.14% |
| 3 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | A$0.0400 | 4.62% |
| 4 | Feb 14, 2023 | Feb 14, 2023 | Feb 14, 2023 | A$0.0400 | 4.28% |
| 5 | Oct 17, 2022 | Oct 17, 2022 | Oct 17, 2022 | A$0.0400 | 4.12% |
FAQ
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