Calima Energy Limited Stock Forecast
Calima Energy Limited stock price ended at $0.130 on Thursday, after gaining 4.00%.
(Updated on May 16, 2024)
The Calima Energy Limited stock price gained 4.00% on the last trading day (Thursday, 16th May 2024), rising from $0.125 to $0.130. During the last trading day the stock fluctuated 4.00% from a day low at $0.125 to a day high of $0.130. The price has fallen in 4 of the last 10 days. Volume fell on the last day by -12 million shares and in total, 5 million shares were bought and sold for approximately $682.59 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.
The stock lies in the upper part of a 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 $0.130 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.72% during the next 3 months and, with a 90% probability hold a price between $0.129 and $0.138 at the end of this 3-month period.
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CE1.AX Signals & Forecast
The Calima Energy Limited 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 $0.127 and $0.124. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Wednesday, April 17, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 17, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Calima Energy Limited stock
Calima Energy Limited finds support from accumulated volume at $0.125 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 $0.0050 between high and low, or 4.00%. For the last week the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: $0.126 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CE1.AX) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Calima Energy Limited to open at $0.128, and during the day (based on 14 day Average True Range), to move between $0.125 and $0.135, which gives a possible trading interval of +/-$0.0047 (+/-3.61%) up or down from last closing price. If Calima Energy Limited takes out the full calculated possible swing range there will be an estimated 7.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.125, some $0.0050 (3.85%) from the current price of $0.130, our system finds the risk reward attractive.
Is Calima Energy Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Calima Energy Limited stock to perform well in the short-term.
Current score: 4.018 Buy Candidate Unchanged
Predicted Opening Price for Calima Energy Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.128 ( 1.28%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CE1.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.133 | 2.56 % | |
| R2 | 0.131 | 1.09 % | ||
| R1 | 0.130 | 0.187 % | ||
| Current price: | 0.130 | |||
| Support | S1 | 0.126 | -2.75 % | |
| S2 | 0.125 | -3.66 % | ||
| S3 | 0.123 | -5.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.130 | |||
| Support | S1 | 0.125 | -3.85% | |
| S2 | 0.122 | -6.15% | ||
| S3 | 0.120 | -7.69% |
CE1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 03, 2022 | Oct 03, 2022 | Oct 03, 2022 | $0.0041 | 3.57% |
FAQ
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