Century Aluminum Company Stock Forecast
Century Aluminum Company stock price ended at $17.42 on Thursday, after losing 0.514%.
(Updated on Apr 18, 2024)
The Century Aluminum Company stock price fell by -0.514% on the last day (Thursday, 18th Apr 2024) from $17.51 to $17.42. During the last trading day the stock fluctuated 4.73% from a day low at $17.02 to a day high of $17.83. The price has fallen in 6 of the last 10 days but is still up by 8.13% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -770 thousand shares and in total, 1 million shares were bought and sold for approximately $21.82 million.
The stock lies in the upper part of a very wide and strong 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 $18.10 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 67.30% during the next 3 months and, with a 90% probability hold a price between $23.31 and $30.29 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.
CENX Signals & Forecast
The Century Aluminum Company 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 $17.16 and $14.00. A breakdown below any of these levels will issue sell signals. 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 Monday, April 15, 2024, and so far it has fallen -1.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Century Aluminum Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.23 and $16.11. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Century Aluminum Company finds support just below today's level at $16.23. If this is broken, then the next support from accumulated volume will be at $16.11 and $15.39.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.81 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 6.70%.
Our recommended stop-loss: $16.68 (-4.25%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (CENX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Century Aluminum Company to open at $17.42, and during the day (based on 14 day Average True Range), to move between $16.50 and $18.34, which gives a possible trading interval of +/-$0.92 (+/-5.30%) up or down from last closing price. If Century Aluminum Company takes out the full calculated possible swing range there will be an estimated 10.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.50 (0.46%) than the support at $16.23 (6.83%), 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 Century Aluminum Company 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 Century Aluminum Company stock to perform well in the short-term.
Current score: 3.324 Buy Candidate Unchanged
Predicted Opening Price for Century Aluminum Company of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $17.42 ( 0.0096%) | $17.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CENX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.23 | 4.63 % | |
| R2 | 17.92 | 2.87 % | ||
| R1 | 17.73 | 1.77 % | ||
| Current price: | 17.42 | |||
| Support | S1 | 17.11 | -1.76 % | |
| S2 | 16.92 | -2.85 % | ||
| S3 | 16.62 | -4.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.75 | 1.89 % | |
| R2 | 17.51 | 0.517 % | ||
| R1 | 17.50 | 0.459 % | ||
| Current price | 17.42 | |||
| Support | S1 | 16.23 | -6.83% | |
| S2 | 16.11 | -7.52% | ||
| S3 | 15.39 | -11.65% |
CENX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 17, 2002 | Sep 18, 2002 | Sep 30, 2002 | $0.0500 | 0.718% |
| 2 | Jun 03, 2002 | Jun 12, 2002 | Jun 28, 2002 | $0.0500 | 0.336% |
| 3 | Mar 04, 2002 | Mar 13, 2002 | Mar 29, 2002 | $0.0500 | 0.308% |
| 4 | Nov 30, 2001 | Dec 12, 2001 | Dec 28, 2001 | $0.0500 | 0.357% |
| 5 | May 31, 2001 | Jun 13, 2001 | Jun 29, 2001 | $0.0500 | 0.312% |
FAQ
Click here for our free guide on how to buy Century Aluminum Company Stock.
