Cadiz, Inc. Stock Forecast
Cadiz, Inc. stock price up 0.463% on Monday
(Updated on May 20, 2024)
The Cadiz, Inc. stock price gained 0.463% on the last trading day (Monday, 20th May 2024), rising from $12.94 to $13.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.55% from a day low at $12.91 to a day high of $13.11. The price has risen in 8 of the last 10 days and is up by 5.43% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 9 thousand shares were bought and sold for approximately $114.31 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -18.25% during the next 3 months and, with a 90% probability hold a price between $9.00 and $10.63 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
The Cadiz, Inc. 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 $12.61 and $12.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.08%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Cadiz, Inc. stock
Cadiz, Inc. finds support from accumulated volume at $12.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.200 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 2.16%.
Since the Cadiz, Inc. has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $12.58 (-3.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (CDZIP) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Cadiz, Inc. to open at $13.01, and during the day (based on 14 day Average True Range), to move between $12.69 and $13.31, which gives a possible trading interval of +/-$0.307 (+/-2.36%) up or down from last closing price. If Cadiz, Inc. takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.94 (0.46%) than the resistance at $14.00 (7.69%), 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 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Cadiz, Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $13.01 ( 0.0518%) | $13.00 |
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 | 13.21 | 1.59 % | |
| R2 | 13.13 | 1.00 % | ||
| R1 | 13.08 | 0.639 % | ||
| Current price: | 13.00 | |||
| Support | S1 | 12.93 | -0.536 % | |
| S2 | 12.88 | -0.90 % | ||
| S3 | 12.81 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.49 | 11.46 % | |
| R2 | 14.08 | 8.31 % | ||
| R1 | 14.00 | 7.69 % | ||
| Current price | 13.00 | |||
| Support | S1 | 12.94 | -0.461% | |
| S2 | 12.68 | -2.47% | ||
| S3 | 12.56 | -3.38% |
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% |
FAQ
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