Centamin PLC Stock Forecast
Centamin PLC stock price ended at $1.58 on Tuesday, after losing 0%.
(Updated on May 14, 2024)
No changes to the price of Centamin PLC stock on the last trading day (Tuesday, 14th May 2024). During the last trading day the stock fluctuated 0% from a day low at $1.58 to a day high of $1.58. The price has risen in 5 of the last 10 days and is up by 1.61% over the past 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.54 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.51% during the next 3 months and, with a 90% probability hold a price between $2.11 and $2.46 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CELTF Signals & Forecast
The Centamin PLC 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 $1.57 and $1.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 0.96%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Centamin PLC stock
Centamin PLC finds support from accumulated volume at $1.55 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.06%
Our recommended stop-loss: $1.49 (-5.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CELTF) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Centamin PLC to open at $1.58, and during the day (based on 14 day Average True Range), to move between $1.53 and $1.62, which gives a possible trading interval of +/-$0.0464 (+/-2.94%) up or down from last closing price. If Centamin PLC takes out the full calculated possible swing range there will be an estimated 5.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.58 (0.32%) than the support at $1.55 (1.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Centamin PLC 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 Centamin PLC stock to perform well in the short-term.
Current score: 4.191 Buy Candidate Unchanged
Predicted Opening Price for Centamin PLC of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $1.58 ( 0%) | $1.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CELTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.58 | . | |
| R2 | 1.58 | . | ||
| R1 | 1.58 | . | ||
| Current price: | 1.58 | |||
| Support | S1 | 1.58 | . | |
| S2 | 1.58 | . | ||
| S3 | 1.58 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.60 | 1.59 % | |
| R2 | 1.59 | 0.698 % | ||
| R1 | 1.58 | 0.317 % | ||
| Current price | 1.58 | |||
| Support | S1 | 1.55 | -1.59% | |
| S2 | 1.55 | -1.90% | ||
| S3 | 1.19 | -24.44% |
CELTF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | May 30, 2024 | Jun 19, 2024 | $0.0200 | 1.26% |
| 2 | Jul 26, 2023 | Aug 31, 2023 | Sep 29, 2023 | $0.0200 | 1.92% |
| 3 | May 23, 2023 | Jun 01, 2023 | Jun 23, 2023 | $0.0250 | 2.12% |
| 4 | Sep 01, 2022 | Sep 01, 2022 | Oct 07, 2022 | $0.0250 | 2.50% |
| 5 | May 19, 2022 | May 19, 2022 | May 19, 2022 | $0.0500 | 4.63% |
FAQ
Click here for our free guide on how to buy Centamin PLC Stock.
