Cathedral Energy Services Ltd. Stock Forecast
Cathedral Energy Services Ltd. stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
No changes to the price of Cathedral Energy Services Ltd. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 2.25% from a day low at $0.89 to a day high of $0.91. The price has risen in 4 of the last 10 days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cathedral Energy Services Ltd. stock with a 90% probability to be traded between $0.88 and $0.97 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CET.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.45%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cathedral Energy Services Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.90. On a fall, the stock will find some support from the short-term average at $0.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Cathedral Energy Services Ltd. stock
Cathedral Energy Services Ltd. finds support from accumulated volume at $0.89 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0200 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $0.85 (-5.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (CET.TO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Cathedral Energy Services Ltd. to open at $0.90, and during the day (based on 14 day Average True Range), to move between $0.88 and $0.92, which gives a possible trading interval of +/-$0.0236 (+/-2.62%) up or down from last closing price. If Cathedral Energy Services Ltd. takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.91 (1.11%) than the support at $0.89 (1.11%), 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 Cathedral Energy Services Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Cathedral Energy Services Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.375 Buy Candidate Upgraded
Predicted Opening Price for Cathedral Energy Services Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.90 ( 0%) | $0.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CET.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.92 | 2.22% |
| R2 | 0.91 | 1.37% |
| R1 | 0.91 | 0.85% |
| Price | 0.90 | |
| S1 | 0.89 | -0.85% |
| S2 | 0.89 | -1.37% |
| S3 | 0.88 | -2.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.93 | 3.33% |
| R2 | 0.92 | 2.22% |
| R1 | 0.91 | 1.11% |
| Price | 0.90 | |
| S1 | 0.89 | -1.11% |
| S2 | 0.88 | -2.22% |
| S3 | 0.87 | -3.33% |
CET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 13, 2015 | Sep 28, 2015 | Oct 15, 2015 | $0.0400 | 2.90% |
| 2 | May 07, 2015 | Jun 26, 2015 | Jul 15, 2015 | $0.0400 | 2.00% |
| 3 | Mar 04, 2015 | Mar 27, 2015 | Apr 15, 2015 | $0.0400 | 1.61% |
| 4 | Nov 04, 2014 | Dec 29, 2014 | Jan 15, 2015 | $0.0830 | 3.69% |
| 5 | Aug 12, 2014 | Sep 26, 2014 | Oct 15, 2014 | $0.0830 | 2.46% |
FAQ
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