Cadiz, Inc. Stock Forecast
Cadiz, Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
The Cadiz, Inc. stock price fell by -0.324% on the last day (Thursday, 2nd May 2024) from $12.19 to $12.15. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.77% from a day low at $12.15 to a day high of $12.37. The price has been going up and down for this period, and there has been a 2.53% gain for the last 2 weeks. Volume has increased on the last day by 2 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, 3 thousand shares were bought and sold for approximately $32.00 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.35% during the next 3 months and, with a 90% probability hold a price between $9.96 and $11.57 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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CDZIP Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.88%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cadiz, Inc. 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 $12.16 and $13.04. A break-up above any of these levels will issue buy signals. Cadiz, Inc. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cadiz, Inc. stock
Cadiz, Inc. finds support from accumulated volume at $12.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.215 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: $11.61 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CDZIP) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Cadiz, Inc. to open at $12.22, and during the day (based on 14 day Average True Range), to move between $11.76 and $12.54, which gives a possible trading interval of +/-$0.392 (+/-3.22%) up or down from last closing price. If Cadiz, Inc. takes out the full calculated possible swing range there will be an estimated 6.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.00 (1.24%) than the resistance at $14.00 (15.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cadiz, Inc. stock A Buy?
Cadiz, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.789 Hold/Accumulate Upgraded
Predicted Opening Price for Cadiz, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $12.22 ( 0.590%) | $12.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDZIP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.44 | 2.36 % | |
| R2 | 12.35 | 1.68 % | ||
| R1 | 12.30 | 1.27 % | ||
| Current price: | 12.15 | |||
| Support | S1 | 12.14 | -0.0861 % | |
| S2 | 12.09 | -0.503 % | ||
| S3 | 12.01 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.49 | 19.26 % | |
| R2 | 14.08 | 15.88 % | ||
| R1 | 14.00 | 15.23 % | ||
| Current price | 12.15 | |||
| Support | S1 | 12.00 | -1.24% | |
| S2 | 11.95 | -1.65% | ||
| S3 | 11.85 | -2.47% |
CDZIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 15, 2024 | $0.550 | 4.38% |
| 2 | Dec 20, 2023 | Jan 03, 2024 | Jan 15, 2024 | $0.560 | 4.18% |
| 3 | Sep 21, 2023 | Oct 03, 2023 | Oct 16, 2023 | $0.550 | 3.55% |
| 4 | Jun 21, 2023 | Jun 30, 2023 | Jul 14, 2023 | $0.560 | 3.37% |
| 5 | Mar 22, 2023 | Apr 03, 2023 | Apr 14, 2023 | $0.550 | 3.20% |
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